DekaBank Deutsche Girozentrale Buys 10,665 Shares of Sun Life Financial Inc. (NYSE:SLF)

DekaBank Deutsche Girozentrale raised its position in shares of Sun Life Financial Inc. (NYSE:SLF - Free Report) TSE: SLF by 1.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,059,995 shares of the financial services provider's stock after purchasing an additional 10,665 shares during the quarter. DekaBank Deutsche Girozentrale owned 0.19% of Sun Life Financial worth $59,543,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Sun Life Financial by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 24,233,496 shares of the financial services provider's stock valued at $1,438,888,000 after purchasing an additional 197,887 shares during the period. The Manufacturers Life Insurance Company raised its stake in Sun Life Financial by 2.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 9,454,589 shares of the financial services provider's stock valued at $562,121,000 after purchasing an additional 198,205 shares during the period. Norges Bank acquired a new position in shares of Sun Life Financial in the fourth quarter worth $382,176,000. Geode Capital Management LLC increased its stake in shares of Sun Life Financial by 30.6% in the fourth quarter. Geode Capital Management LLC now owns 3,467,275 shares of the financial services provider's stock worth $210,080,000 after acquiring an additional 812,689 shares during the last quarter. Finally, Scotia Capital Inc. increased its stake in shares of Sun Life Financial by 3.3% in the fourth quarter. Scotia Capital Inc. now owns 2,974,065 shares of the financial services provider's stock worth $176,273,000 after acquiring an additional 93,992 shares during the last quarter. 52.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

SLF has been the topic of a number of research reports. Royal Bank Of Canada upped their price target on shares of Sun Life Financial from $82.00 to $88.00 and gave the stock an "outperform" rating in a research note on Monday, May 12th. Barclays downgraded shares of Sun Life Financial from an "equal weight" rating to an "underweight" rating in a research note on Monday, July 7th. Scotiabank reaffirmed an "outperform" rating on shares of Sun Life Financial in a research note on Thursday, May 1st. Finally, BMO Capital Markets reaffirmed an "outperform" rating on shares of Sun Life Financial in a research note on Monday, May 12th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Sun Life Financial has an average rating of "Moderate Buy" and an average price target of $88.00.

Sun Life Financial Price Performance

NYSE:SLF traded up $0.10 during trading hours on Friday, reaching $62.10. The company's stock had a trading volume of 619,367 shares, compared to its average volume of 628,763. The company has a market cap of $35.00 billion, a price-to-earnings ratio of 15.80, a price-to-earnings-growth ratio of 1.68 and a beta of 0.91. Sun Life Financial Inc. has a one year low of $46.41 and a one year high of $66.81. The business's 50-day moving average is $63.74 and its 200-day moving average is $59.42.

Sun Life Financial (NYSE:SLF - Get Free Report) TSE: SLF last issued its quarterly earnings results on Thursday, May 8th. The financial services provider reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.22 by $0.05. The company had revenue of $7.91 billion for the quarter, compared to the consensus estimate of $6.44 billion. Sun Life Financial had a return on equity of 17.33% and a net margin of 7.47%. During the same period last year, the business posted $1.40 earnings per share. On average, sell-side analysts predict that Sun Life Financial Inc. will post 5.19 EPS for the current fiscal year.

Sun Life Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Wednesday, May 28th were given a $0.6332 dividend. This is an increase from Sun Life Financial's previous quarterly dividend of $0.59. This represents a $2.53 annualized dividend and a dividend yield of 4.08%. The ex-dividend date of this dividend was Wednesday, May 28th. Sun Life Financial's dividend payout ratio (DPR) is currently 64.89%.

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.