Sun Life Financial Inc. (NYSE:SLF) Shares Bought by Two Sigma Investments LP

Two Sigma Investments LP lifted its position in shares of Sun Life Financial Inc. (NYSE:SLF - Free Report) TSE: SLF by 6.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,202,981 shares of the financial services provider's stock after purchasing an additional 77,400 shares during the period. Two Sigma Investments LP owned about 0.19% of Sun Life Financial worth $71,385,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Human Investing LLC acquired a new position in Sun Life Financial during the fourth quarter worth approximately $26,000. Asset Planning Inc acquired a new position in shares of Sun Life Financial in the 4th quarter valued at $40,000. BankPlus Trust Department acquired a new position in shares of Sun Life Financial in the 4th quarter valued at $40,000. GeoWealth Management LLC raised its position in Sun Life Financial by 4,657.1% in the 4th quarter. GeoWealth Management LLC now owns 999 shares of the financial services provider's stock valued at $59,000 after purchasing an additional 978 shares during the last quarter. Finally, JFS Wealth Advisors LLC boosted its stake in 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 worth $61,000 after purchasing an additional 838 shares during the period. 52.26% of the stock is owned by hedge funds and other institutional investors.

Sun Life Financial Stock Up 0.5%

Shares of NYSE:SLF opened at $63.22 on Tuesday. Sun Life Financial Inc. has a 52 week low of $46.41 and a 52 week high of $63.39. The company has a 50-day moving average price of $57.87 and a 200 day moving average price of $58.31. The company has a market cap of $35.70 billion, a P/E ratio of 16.46, a PEG ratio of 1.52 and a beta of 0.90.

Sun Life Financial (NYSE:SLF - Get Free Report) TSE: SLF last issued its earnings results on Thursday, May 8th. The financial services provider reported $1.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.22 by $0.05. Sun Life Financial had a return on equity of 16.86% and a net margin of 8.08%. The business had revenue of $7.91 billion during the quarter, compared to the consensus estimate of $6.44 billion. During the same period in the prior year, the business posted $1.40 EPS. Analysts expect that Sun Life Financial Inc. will post 5.19 EPS for the current year.

Sun Life Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Wednesday, May 28th will be issued a $0.6332 dividend. The ex-dividend date of this dividend is Wednesday, May 28th. This represents a $2.53 dividend on an annualized basis and a yield of 4.01%. This is an increase from Sun Life Financial's previous quarterly dividend of $0.59. Sun Life Financial's dividend payout ratio (DPR) is 62.09%.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Scotiabank restated an "outperform" rating on shares of Sun Life Financial in a research note on Thursday, May 1st. Royal Bank of Canada upped their price objective on Sun Life Financial from $82.00 to $88.00 and gave the company an "outperform" rating in a research note on Monday, May 12th. Cormark upgraded Sun Life Financial from a "hold" rating to a "moderate buy" rating in a research note on Thursday, February 13th. StockNews.com cut Sun Life Financial from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th. Finally, BMO Capital Markets reaffirmed an "outperform" rating on shares of Sun Life Financial in a report on Monday, May 12th. Two research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Sun Life Financial currently has a consensus rating of "Moderate Buy" and an average price target of $88.00.

Sun Life Financial Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.