Addenda Capital Inc. grew its stake in Sun Life Financial Inc. (NYSE:SLF - Free Report) TSE: SLF by 21.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 148,679 shares of the financial services provider's stock after buying an additional 25,886 shares during the period. Addenda Capital Inc.'s holdings in Sun Life Financial were worth $7,710,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of the stock. Captrust Financial Advisors boosted its holdings in shares of Sun Life Financial by 2.1% in the 4th quarter. Captrust Financial Advisors now owns 11,065 shares of the financial services provider's stock valued at $514,000 after buying an additional 230 shares in the last quarter. HighTower Advisors LLC raised its position in Sun Life Financial by 1.4% in the 1st quarter. HighTower Advisors LLC now owns 18,369 shares of the financial services provider's stock valued at $858,000 after purchasing an additional 258 shares during the last quarter. Rhumbline Advisers raised its position in Sun Life Financial by 9.6% in the 3rd quarter. Rhumbline Advisers now owns 3,021 shares of the financial services provider's stock valued at $147,000 after purchasing an additional 265 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in Sun Life Financial by 1.1% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 24,648 shares of the financial services provider's stock valued at $1,376,000 after purchasing an additional 269 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV raised its position in Sun Life Financial by 5.2% in the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 5,821 shares of the financial services provider's stock valued at $284,000 after purchasing an additional 287 shares during the last quarter. Institutional investors and hedge funds own 52.26% of the company's stock.
Sun Life Financial Stock Performance
Sun Life Financial stock traded down $0.22 during trading hours on Thursday, reaching $53.14. 302,185 shares of the stock were exchanged, compared to its average volume of 619,139. The stock has a market cap of $31.02 billion, a P/E ratio of 13.76, a P/E/G ratio of 1.31 and a beta of 1.01. Sun Life Financial Inc. has a 52-week low of $44.57 and a 52-week high of $55.46. The firm's 50 day moving average is $53.61 and its 200 day moving average is $51.03.
Sun Life Financial (NYSE:SLF - Get Free Report) TSE: SLF last announced its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $1.23 EPS for the quarter, topping analysts' consensus estimates of $1.17 by $0.06. The company had revenue of $13.73 billion during the quarter. Sun Life Financial had a net margin of 7.79% and a return on equity of 17.30%. Equities research analysts expect that Sun Life Financial Inc. will post 5.09 EPS for the current fiscal year.
Sun Life Financial Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Wednesday, February 28th were issued a $0.581 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 4.37%. The ex-dividend date of this dividend was Tuesday, February 27th. This is an increase from Sun Life Financial's previous quarterly dividend of $0.56. Sun Life Financial's dividend payout ratio (DPR) is currently 59.79%.
Wall Street Analyst Weigh In
Separately, Jefferies Financial Group began coverage on shares of Sun Life Financial in a research report on Thursday, February 22nd. They issued a "buy" rating for the company.
Check Out Our Latest Analysis 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.
Featured Stories
Before you consider Sun Life Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sun Life Financial wasn't on the list.
While Sun Life Financial currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
