Alberta Investment Management Corp (AIMCo) acquired 1,274,072 shares of Sun Life Financial Inc. during the second quarter. The new stake is valued at approximately $99.93 million. This investment establishes Sun Life as a significant position within AIMCo’s portfolio.
Plato Investment Management Ltd also established a new position in Sun Life during the same period. The firm purchased 37,016 shares for approximately $2.9 million.
These institutional investments follow Sun Life’s recent quarterly earnings report, which surpassed analyst expectations. The company also announced a quarterly dividend. Sun Life stock continues to show positive performance, trading near its 52-week high.