GAMMA Investing LLC boosted its position in shares of Sun Life Financial Inc. (NYSE:SLF - Free Report) TSE: SLF by 5,676.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,982 shares of the financial services provider's stock after purchasing an additional 32,411 shares during the period. GAMMA Investing LLC's holdings in Sun Life Financial were worth $1,889,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Principal Financial Group Inc. boosted its position in Sun Life Financial by 34.0% in the 4th quarter. Principal Financial Group Inc. now owns 23,633 shares of the financial services provider's stock valued at $1,403,000 after buying an additional 6,000 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in Sun Life Financial by 10.8% in the fourth quarter. CIBC Asset Management Inc now owns 7,192,059 shares of the financial services provider's stock valued at $427,712,000 after purchasing an additional 703,391 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Sun Life Financial by 1.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,596,439 shares of the financial services provider's stock valued at $94,743,000 after purchasing an additional 15,908 shares in the last quarter. Intact Investment Management Inc. grew its stake in Sun Life Financial by 295.5% during the 4th quarter. Intact Investment Management Inc. now owns 1,911,027 shares of the financial services provider's stock valued at $113,453,000 after purchasing an additional 1,427,815 shares in the last quarter. Finally, Two Sigma Investments LP increased its holdings in Sun Life Financial by 6.9% during the 4th quarter. Two Sigma Investments LP now owns 1,202,981 shares of the financial services provider's stock worth $71,385,000 after purchasing an additional 77,400 shares during the last quarter. Hedge funds and other institutional investors own 52.26% of the company's stock.
Sun Life Financial Stock Performance
Shares of NYSE SLF traded down $0.47 during trading on Tuesday, reaching $64.23. The stock had a trading volume of 302,502 shares, compared to its average volume of 629,467. The stock has a market cap of $36.20 billion, a PE ratio of 16.34, a P/E/G ratio of 1.75 and a beta of 0.92. Sun Life Financial Inc. has a one year low of $46.41 and a one year high of $65.56. The firm's 50 day moving average price is $61.27 and its two-hundred day moving average price is $58.94.
Sun Life Financial (NYSE:SLF - Get Free Report) TSE: SLF last released its quarterly earnings data on Thursday, May 8th. The financial services provider reported $1.27 EPS for the quarter, topping analysts' consensus estimates of $1.22 by $0.05. Sun Life Financial had a net margin of 7.47% and a return on equity of 17.33%. The firm had revenue of $7.91 billion during the quarter, compared to the consensus estimate of $6.44 billion. During the same quarter in the previous year, the company posted $1.40 earnings per share. On average, research analysts expect that Sun Life Financial Inc. will post 5.19 earnings per share for the current year.
Sun Life Financial Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Wednesday, May 28th will be paid a dividend of $0.6332 per share. This is a positive change from Sun Life Financial's previous quarterly dividend of $0.59. The ex-dividend date is Wednesday, May 28th. This represents a $2.53 annualized dividend and a yield of 3.94%. Sun Life Financial's dividend payout ratio is 64.89%.
Analyst Ratings Changes
Several equities analysts have recently commented on SLF shares. Scotiabank reiterated an "outperform" rating on shares of Sun Life Financial in a research note on Thursday, May 1st. BMO Capital Markets reiterated an "outperform" rating on shares of Sun Life Financial in a research note on Monday, May 12th. Finally, Royal Bank Of Canada boosted their target price on shares of Sun Life Financial from $82.00 to $88.00 and gave the stock an "outperform" rating in a research report on Monday, May 12th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $88.00.
View Our Latest Stock Report on SLF
Sun Life Financial Company Profile
(
Free Report)
Sun Life Financial Inc, a financial services company, provides savings, retirement, and pension products worldwide. The company operates in five segments: Asset Management, Canada, U.S., Asia, and Corporate. It offers various insurance products, such as term and permanent life; personal health, which includes prescription drugs, dental, and vision care; critical illness; long-term care; and disability, as well as reinsurance.
Read More
Before you consider Sun Life Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sun Life Financial wasn't on the list.
While Sun Life Financial currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
