Sun Life Hits 52-Week High But Lags Industry: How to Play the Stock?

Sun Life Financial Inc. (SLF) shares hit a 52-week high of $61.62 on Thursday and finally closed at $61.37. Shares have gained 18.4% year to date, underperforming the industry’s increase of 31.6%, the Finance sector’s increase of 21% and the S&P 500 Composite’s gain of  24.5%. With a market capitalization of $35.3 billion, the average volume of shares traded in the last three months was 0.6 million.Focus on Asia operations, growing asset management businesses, the scale-up and integration of U.S. operations ...