As Sun Life Finl INC (SLF) Shares Rose, Cibc World Markets INC Decreased Stake

Sun Life Financial Inc. (NYSE:SLF) Corporate Logo

Based on the latest 2018Q4 regulatory filing with the SEC, Cibc World Markets Inc decreased its stake in Sun Life Finl Inc (SLF) by 4.31%. 336,810 shares were sold by Cibc World Markets Inc as the company’s stock rose 3.33% with the market. The life insurance company reported $248.06M value for the 2018Q4. Now the institutional investor is holding 7.47M shares, compared to the 7.81M from the previous quarter. $23.52 billion is Sun Life Finl Inc’s market cap. Ticker’s shares touched $39.45 during the last trading session after 0.36% change.Currently Sun Life Financial Inc. is downtrending after 6.61% change in last April 6, 2018. SLF has 261,324 shares volume. SLF underperformed by 10.98% the S&P 500.

About $19.56B US Long portfolio Cibc World Markets Inc operates. According to a filing the fund upped its stake in Spdr Ser Tr by 186,618 shares to 227,595 shares, valued at $20.82 million in 2018Q4. Cibc World Markets Inc has risen its stake in Comcast Corp New (NASDAQ:CMCSA) and also increased its holding in Cameco Corp (NYSE:CCJ) by 4.44 million shares in the quarter, for a total of 4.46 million shares.

On May, 14 Sun Life Financial Inc. (NYSE:SLF)’s earnings report is anticipated by WallStreet, RTT reports. earnings per share of $0.90 is 10.00 % down from 2018’s $1 EPS. If reported the P/E will be 10.96 with $536.60 million profit. Analysts at Wall Street see Sun Life Financial Inc.’s 0.00 % EPS growth compared to $0.90 earnings per share for previous quarter.

For more Sun Life Financial Inc. (NYSE:SLF) news released briefly go to: Seekingalpha.com, Seekingalpha.com, Seekingalpha.com, Seekingalpha.com or Benzinga.com. The titles are as follows: “Sun Life Financial: Dark Clouds Dissipating, Sunny Outlook Ahead – Seeking Alpha” released on February 14, 2019, “Sun Life Financial, Inc. 2018 Q4 – Results – Earnings Call Slides – Seeking Alpha” on February 15, 2019, “Sun Life highlights digital, reaffirms medium-term goals at investor day – Seeking Alpha” with a publish date: March 26, 2019, “Why Sun Life Is Not A Wonderful Investment Choice – Seeking Alpha” and the last “Benzinga’s Top Upgrades, Downgrades For March 14, 2019 – Benzinga” with publication date: March 14, 2019.

Sun Life Financial Inc. (NYSE:SLF) Ratings Coverage

A total of 2 analysts rate Sun Life Financial (NYSE:SLF) as follows: 0 “Buy”, 1 “Hold” and 1 “Sell”. Š¢herefore 0 are bullish. (NYSE:SLF) has 5 ratings reports on Apr 6, 2019 according to StockzIntelligence. On Thursday, March 14 the rating was downgraded by IBC to “Sell”. On Wednesday, February 6 Scotia Capital downgraded the shares of SLF in report to “Sector Perform” rating.

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