BNP Paribas Financial Markets boosted its position in Sun Life Financial Inc. (NYSE:SLF - Free Report) TSE: SLF by 155.6% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 26,154 shares of the financial services provider's stock after purchasing an additional 15,921 shares during the period. BNP Paribas Financial Markets' holdings in Sun Life Financial were worth $1,552,000 as of its most recent filing with the SEC.
Several other hedge funds have also bought and sold shares of the company. Human Investing LLC bought a new position in Sun Life Financial in the 4th quarter valued at about $26,000. Asset Planning Inc bought a new position in Sun Life Financial in the 4th quarter valued at about $40,000. BankPlus Trust Department bought a new position in Sun Life Financial in the 4th quarter valued at about $40,000. GeoWealth Management LLC raised its holdings 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 acquiring an additional 978 shares during the period. Finally, JFS Wealth Advisors LLC raised its holdings in Sun Life Financial by 432.0% in the 4th quarter. JFS Wealth Advisors LLC now owns 1,032 shares of the financial services provider's stock valued at $61,000 after acquiring an additional 838 shares during the period. 52.26% of the stock is currently owned by institutional investors and hedge funds.
Sun Life Financial Stock Performance
Shares of NYSE SLF traded up $0.53 during trading hours on Friday, hitting $63.64. 5,005,121 shares of the stock were exchanged, compared to its average volume of 666,095. The company has a market cap of $35.94 billion, a PE ratio of 16.57, a price-to-earnings-growth ratio of 1.52 and a beta of 0.90. The company's fifty day simple moving average is $58.48 and its two-hundred day simple moving average is $58.47. Sun Life Financial Inc. has a 1-year low of $46.41 and a 1-year high of $63.93.
Sun Life Financial (NYSE:SLF - Get Free Report) TSE: SLF last posted its quarterly earnings results on Thursday, May 8th. The financial services provider reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.05. The business had revenue of $7.91 billion for the quarter, compared to analyst estimates of $6.44 billion. Sun Life Financial had a net margin of 8.08% and a return on equity of 16.86%. During the same quarter last year, the business posted $1.40 EPS. As a group, sell-side analysts expect that Sun Life Financial Inc. will post 5.19 EPS for the current fiscal year.
Sun Life Financial Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Wednesday, May 28th will be given 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 dividend yield of 3.98%. Sun Life Financial's dividend payout ratio (DPR) is currently 62.09%.
Analysts Set New Price Targets
Several research firms have weighed in on SLF. Wall Street Zen cut shares of Sun Life Financial from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. BMO Capital Markets reaffirmed an "outperform" rating on shares of Sun Life Financial in a report on Monday, May 12th. Scotiabank reaffirmed an "outperform" rating on shares of Sun Life Financial in a report on Thursday, May 1st. Cormark raised shares of Sun Life Financial from a "hold" rating to a "moderate buy" rating in a report on Thursday, February 13th. Finally, Royal Bank of Canada raised their target price on shares of Sun Life Financial from $82.00 to $88.00 and gave the stock an "outperform" rating in a report on Monday, May 12th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Sun Life Financial currently has an average rating of "Moderate Buy" and a consensus price target of $88.00.
Read Our Latest Analysis on SLF
About Sun Life Financial
(
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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