As Sun Life Fncl (SLF) Share Value Declined, Shareholder Beutel Goodman & Co LTD Has Lifted Its Holding; Oneok (OKE) Holder Cambridge Financial Group Increased Holding

February 15, 2018 - By Adrian Erickson

Cambridge Financial Group Inc increased its stake in Oneok (OKE) by 1.4% based on its latest 2017Q3 regulatory filing with the SEC. Cambridge Financial Group Inc bought 1,521 shares as the company’s stock declined 4.12% while stock markets rallied. The institutional investor held 110,208 shares of the public utilities company at the end of 2017Q3, valued at $6.11B, up from 108,687 at the end of the previous reported quarter. Cambridge Financial Group Inc who had been investing in Oneok for a number of months, seems to be bullish on the $23.66B market cap company. The stock increased 0.31% or $0.18 during the last trading session, reaching $57.65. About 29,521 shares traded. ONEOK, Inc. (NYSE:OKE) has risen 23.81% since February 15, 2017 and is uptrending. It has outperformed by 7.11% the S&P500.

Beutel Goodman & Co Ltd increased its stake in Sun Life Fncl Inc (SLF) by 13.27% based on its latest 2017Q3 regulatory filing with the SEC. Beutel Goodman & Co Ltd bought 1.22M shares as the company’s stock declined 12.84% while stock markets rallied. The institutional investor held 10.39M shares of the life insurance company at the end of 2017Q3, valued at $412.60M, up from 9.17 million at the end of the previous reported quarter. Beutel Goodman & Co Ltd who had been investing in Sun Life Fncl Inc for a number of months, seems to be bullish on the $25.58 billion market cap company. The stock increased 1.84% or $0.76 during the last trading session, reaching $42.09. About 10,485 shares traded. Sun Life Financial Inc. (NYSE:SLF) has declined 1.22% since February 15, 2017 and is downtrending. It has underperformed by 17.92% the S&P500.

Beutel Goodman & Co Ltd, which manages about $36.47 billion and $13.17 billion US Long portfolio, decreased its stake in Manulife Fincl Corp (NYSE:MFC) by 83,516 shares to 7.79M shares, valued at $157.66M in 2017Q3, according to the filing. It also reduced its holding in Thomson Reuters Corp (NYSE:TRI) by 836,400 shares in the quarter, leaving it with 4.04M shares, and cut its stake in Royal Bank Cda (NYSE:RY).

Among 11 analysts covering Sun Life Financial Inc. (NYSE:SLF), 5 have Buy rating, 0 Sell and 6 Hold. Therefore 45% are positive. Sun Life Financial Inc. had 24 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of Sun Life Financial Inc. (NYSE:SLF) has “Overweight” rating given on Monday, March 7 by Barclays Capital. The stock of Sun Life Financial Inc. (NYSE:SLF) earned “Outperform” rating by RBC Capital Markets on Wednesday, June 7. The stock has “Underperform” rating by Bank of America on Wednesday, August 24. The stock has “Neutral” rating by Macquarie Research on Thursday, November 5. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, September 11 report. As per Thursday, February 11, the company rating was upgraded by IBC. On Monday, November 13 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. The stock of Sun Life Financial Inc. (NYSE:SLF) has “Hold” rating given on Friday, December 23 by Argus Research. RBC Capital Markets downgraded the shares of SLF in report on Friday, February 17 to “Sector Perform” rating. The stock of Sun Life Financial Inc. (NYSE:SLF) earned “Outperform” rating by Macquarie Research on Thursday, September 10.

Cambridge Financial Group Inc, which manages about $191.23 billion US Long portfolio, decreased its stake in Assurant Inc. (NYSE:AIZ) by 289 shares to 62,241 shares, valued at $5.95 billion in 2017Q3, according to the filing. It also reduced its holding in Boeing Co (NYSE:BA) by 483 shares in the quarter, leaving it with 30,693 shares, and cut its stake in Mcdonalds Corp (NYSE:MCD).

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