Mn Services Vermogensbeheer B.V. trimmed its position in shares of Sun Life Financial Inc. (NYSE:SLF - Free Report) TSE: SLF by 7.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 211,345 shares of the financial services provider's stock after selling 16,400 shares during the quarter. Mn Services Vermogensbeheer B.V.'s holdings in Sun Life Financial were worth $12,094,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Human Investing LLC bought a new stake in shares of Sun Life Financial during the fourth quarter valued at approximately $26,000. BankPlus Trust Department purchased a new position in Sun Life Financial during the fourth quarter valued at $40,000. GeoWealth Management LLC lifted its position in Sun Life Financial by 4,657.1% during the fourth quarter. GeoWealth Management LLC now owns 999 shares of the financial services provider's stock valued at $59,000 after buying an additional 978 shares during the period. JFS Wealth Advisors LLC boosted its holdings in shares of Sun Life Financial by 432.0% during the 4th quarter. JFS Wealth Advisors LLC now owns 1,032 shares of the financial services provider's stock valued at $61,000 after buying an additional 838 shares in the last quarter. Finally, Union Bancaire Privee UBP SA purchased a new stake in shares of Sun Life Financial in the 4th quarter worth about $95,000. Hedge funds and other institutional investors own 52.26% of the company's stock.
Wall Street Analyst Weigh In
SLF has been the subject of a number of recent research reports. Scotiabank reissued an "outperform" rating on shares of Sun Life Financial in a research report on Thursday, May 1st. BMO Capital Markets reaffirmed an "outperform" rating on shares of Sun Life Financial in a research note on Monday, May 12th. Finally, Royal Bank Of Canada boosted their price target on 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 investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Sun Life Financial currently has an average rating of "Moderate Buy" and a consensus target price of $88.00.
View Our Latest Research Report on SLF
Sun Life Financial Stock Performance
Shares of NYSE SLF traded down $0.18 during midday trading on Thursday, hitting $64.07. 300,852 shares of the company's stock traded hands, compared to its average volume of 628,176. The firm has a fifty day moving average of $61.44 and a 200 day moving average of $58.97. Sun Life Financial Inc. has a 1 year low of $46.41 and a 1 year high of $65.56. The stock has a market capitalization of $36.11 billion, a price-to-earnings ratio of 16.30, a price-to-earnings-growth ratio of 1.74 and a beta of 0.92.
Sun Life Financial (NYSE:SLF - Get Free Report) TSE: SLF last announced its earnings results 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 return on equity of 17.33% and a net margin of 7.47%. The company had revenue of $7.91 billion for the quarter, compared to analysts' expectations of $6.44 billion. During the same period last year, the firm earned $1.40 EPS. On average, equities analysts anticipate 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 declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Wednesday, May 28th will be paid a $0.6332 dividend. This represents a $2.53 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date of this dividend is Wednesday, May 28th. This is a positive change from Sun Life Financial's previous quarterly dividend of $0.59. Sun Life Financial's dividend payout ratio is presently 64.89%.
Sun Life Financial 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.
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