Shares of Sun Life Financial Inc. (NYSE:SLF) traded today at $55.88, eclipsing its 52-week high. This new high was reached on below average trading volume as 109,000 shares traded hands, while the average 30-day volume is approximately 548,000 shares.
Sun Life Financial Inc. (NYSE:SLF) defies analysts with a current price ($55.68) 30.4% above its average consensus price target of $38.76.
Sun Life Financial Inc is one of Canada’s Big Three life insurance companies along with Great-West Lifeco and Manulife. Sun Life provides insurance, retirement, and wealth-management services to individual and corporate customers in Canada, the United States, and Asia. It also owns MFS Investment Management, a Boston-based asset-management firm. Sun Life generates about a third of its profit from asset-management operations.
Sun Life Financial Inc. share prices have moved between a 52-week high of $55.88 and a 52-week low of $38.53 and are now trading 45% above that low price at $55.68 per share.
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