Voloridge Investment Management LLC trimmed its position in shares of Sun Life Financial Inc. (NYSE:SLF - Free Report) TSE: SLF by 55.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 133,658 shares of the financial services provider's stock after selling 163,697 shares during the period. Voloridge Investment Management LLC's holdings in Sun Life Financial were worth $7,931,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Human Investing LLC purchased a new stake in shares of Sun Life Financial in the fourth quarter worth approximately $26,000. Asset Planning Inc purchased a new stake in Sun Life Financial in the 4th quarter worth approximately $40,000. BankPlus Trust Department acquired a new stake in shares of Sun Life Financial during the 4th quarter valued at $40,000. GeoWealth Management LLC grew its holdings in shares of 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 valued at $59,000 after acquiring an additional 978 shares in the last quarter. Finally, JFS Wealth Advisors LLC grew 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 acquiring an additional 838 shares in the last quarter. 52.26% of the stock is owned by institutional investors and hedge funds.
Sun Life Financial Trading Up 0.6%
NYSE SLF traded up $0.40 during trading on Thursday, hitting $64.16. 279,522 shares of the company traded hands, compared to its average volume of 653,487. Sun Life Financial Inc. has a 12 month low of $46.41 and a 12 month high of $64.98. The business has a fifty day simple moving average of $58.92 and a 200 day simple moving average of $58.57. The company has a market capitalization of $36.23 billion, a P/E ratio of 16.72, 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 quarterly earnings data on Thursday, May 8th. The financial services provider reported $1.27 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $6.44 billion. During the same period last year, the business earned $1.40 EPS. Equities research analysts predict 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. Stockholders of record on Wednesday, May 28th will be given a $0.6332 dividend. 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 dividend on an annualized basis and a dividend yield of 3.95%. Sun Life Financial's dividend payout ratio (DPR) is currently 62.09%.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on the company. Royal Bank of Canada lifted their price objective on Sun Life Financial from $82.00 to $88.00 and gave the company an "outperform" rating in a research report on Monday, May 12th. Cormark raised Sun Life Financial from a "hold" rating to a "moderate buy" rating in a research note on Thursday, February 13th. Wall Street Zen cut Sun Life Financial from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th. BMO Capital Markets restated an "outperform" rating on shares of Sun Life Financial in a report on Monday, May 12th. Finally, Scotiabank reiterated an "outperform" rating on shares of Sun Life Financial in a research note on Thursday, May 1st. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $88.00.
Check Out Our Latest Stock Report on Sun Life Financial
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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