Sun Life Financial Inc. (NYSE:SLF) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Sun Life Financial Inc. (NYSE:SLF - Free Report) TSE: SLF by 9.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,235,884 shares of the financial services provider's stock after buying an additional 110,780 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.20% of Sun Life Financial worth $73,337,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Human Investing LLC acquired a new stake in Sun Life Financial in the fourth quarter valued at approximately $26,000. Asset Planning Inc acquired a new stake in shares of Sun Life Financial in the 4th quarter worth $40,000. BankPlus Trust Department acquired a new stake in shares of Sun Life Financial in the 4th quarter worth $40,000. GeoWealth Management LLC grew its stake in Sun Life Financial by 4,657.1% during the 4th quarter. GeoWealth Management LLC now owns 999 shares of the financial services provider's stock worth $59,000 after buying an additional 978 shares during the last quarter. Finally, JFS Wealth Advisors LLC increased its position 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 valued at $61,000 after buying an additional 838 shares in the last quarter. Hedge funds and other institutional investors own 52.26% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on SLF shares. Scotiabank reissued an "outperform" rating on shares of Sun Life Financial in a report 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. 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. Cormark upgraded shares of Sun Life Financial from a "hold" rating to a "moderate buy" rating in a research note on Thursday, February 13th. Finally, Wall Street Zen lowered shares of Sun Life Financial from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. Two analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $88.00.

Sun Life Financial Stock Performance

NYSE SLF traded down $0.51 during trading hours on Wednesday, reaching $63.78. The stock had a trading volume of 527,025 shares, compared to its average volume of 654,486. Sun Life Financial Inc. has a 52-week low of $46.41 and a 52-week high of $64.65. The stock has a fifty day moving average of $58.77 and a 200 day moving average of $58.53. The stock has a market cap of $36.02 billion, a P/E ratio of 16.61, a price-to-earnings-growth ratio of 1.52 and a beta of 0.90.

Sun Life Financial (NYSE:SLF - Get Free Report) TSE: SLF last announced its quarterly earnings data on Thursday, May 8th. The financial services provider reported $1.27 EPS for the quarter, beating the consensus estimate of $1.22 by $0.05. The business had revenue of $7.91 billion during the quarter, compared to analysts' expectations 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 period in the previous year, the business posted $1.40 EPS. On average, equities research analysts forecast that Sun Life Financial Inc. will post 5.19 EPS 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 issued a $0.6332 dividend. This represents a $2.53 annualized dividend and a yield of 3.97%. This is a positive change from Sun Life Financial's previous quarterly dividend of $0.59. The ex-dividend date of this dividend is Wednesday, May 28th. Sun Life Financial's dividend payout ratio is presently 62.09%.

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.