(NYSE:SLF) Sun Life Financial Inc Dips To New 52 Week Low

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Shipwreck freeimages.com/Roger Buser
Shipwreck freeimages.com/Roger Buser

Sun Life Financial Inc (NYSE:SLF)

December 5th, 2018
Amidst falling markets Sun Life Financial Inc finished Tuesday’s trading session down 2.99%, a $1.11 decrease to close on $35.98. As well as the drop in value, Sun Life Financial Inc hit a new 52 week low of $35.71, breaking the previous low of $35.72 from earlier this July.

SLF outperformed the rest of the Financials sector which went down only 4.40% today.

Results from 1 analyst points to the possibility that Sun Life Financial Inc could rise significantly (27%), while Finbox has calculated (with high uncertainty) a fair value price of $37.47.

Market Sectors

The market sectors were mixed Wednesday with a majority of the sectors trending down. Utilities saw the biggest increase of the day (0.15%), while Financials saw the biggest drop (4.40%). Healthcare has seen the biggest year-to-date gain at 13%. The biggest loss this year has been the Communication Services sector declining 13%.

Utilities saw the biggest turnaround from its 5-day performance of 2.31%, as it went up 0.15%. Industrials and Consumer Discretionary experienced turn arounds from their five day positive performance, Industrials with a drop of 4.35%.

Sector Breakdown

  • Utilities went up with a 0.15% change.
  • Real Estate went down with a -1.26% change.
  • Consumer Staples went down with a -1.63% change.
  • Healthcare went down with a -2.30% change.
  • Energy went down with a -2.93% change.
  • Materials went down with a -3.08% change.
  • Communication Services went down with a -3.14% change.
  • Information Technology went down with a -3.86% change.
  • Consumer Discretionary went down with a -3.91% change.
  • Industrials went down with a -4.35% change.
  • Financials went down with a -4.40% change.

It was founded by Matthew Hamilton Gault in 1865.

Sun Life Financial Inc Info

Sun Life Financial Inc., a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients, high-net-worth individuals, and families. It operates through Sun Life Financial Canada, Sun Life Financial United States, Sun Life Financial Asset Management, Sun Life Financial Asia, and Corporate segments. The company offers life, health, long-term and short-term disability, absence management, medical stop-loss, and dental insurance, as well as vision and voluntary insurance, such as accident and critical illness. It also provides a suite of voluntary benefits solutions to individual plan members, including post-employment life and health plans; asset management and group retirement products and services; and contribution pension plans and defined benefit solutions, as well as mutual funds. The company distributes its products through direct sales agents, managing general agents, independent general agents, financial intermediaries, broker-dealers, banks, pension and benefits consultants, and other third-party marketing organizations. Sun Life Financial Inc. was founded in 1999 and is headquartered in Toronto, Canada.

All amounts in USD unless otherwise indicated
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