41,229 Shares in Sun Life Financial Inc. (NYSE:SLF) Purchased by International Assets Investment Management LLC

International Assets Investment Management LLC bought a new position in Sun Life Financial Inc. (NYSE:SLF - Free Report) TSE: SLF during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 41,229 shares of the financial services provider's stock, valued at approximately $2,138,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SLF. Money Concepts Capital Corp purchased a new stake in Sun Life Financial in the fourth quarter worth approximately $26,000. Achmea Investment Management B.V. purchased a new position in shares of Sun Life Financial during the 1st quarter worth $32,000. IFP Advisors Inc boosted its stake in shares of Sun Life Financial by 166.9% during the 2nd quarter. IFP Advisors Inc now owns 678 shares of the financial services provider's stock worth $35,000 after acquiring an additional 424 shares during the last quarter. Headinvest LLC purchased a new position in shares of Sun Life Financial during the 3rd quarter worth $39,000. Finally, Legacy Financial Group LLC purchased a new position in shares of Sun Life Financial during the 3rd quarter worth $40,000. Hedge funds and other institutional investors own 52.26% of the company's stock.

Sun Life Financial Trading Up 0.9 %

Shares of SLF traded up $0.45 during trading hours on Friday, reaching $51.11. 673,869 shares of the stock traded hands, compared to its average volume of 491,292. Sun Life Financial Inc. has a 52-week low of $44.57 and a 52-week high of $55.46. The company's 50-day moving average price is $53.57 and its two-hundred day moving average price is $51.24. The company has a market cap of $29.77 billion, a P/E ratio of 13.17, a price-to-earnings-growth ratio of 1.25 and a beta of 1.01.

Sun Life Financial (NYSE:SLF - Get Free Report) TSE: SLF last released its earnings results on Wednesday, February 7th. The financial services provider reported $1.23 earnings per share for the quarter, beating analysts' consensus estimates of $1.17 by $0.06. Sun Life Financial had a net margin of 7.79% and a return on equity of 17.30%. The company had revenue of $13.73 billion for the quarter. On average, research analysts forecast that Sun Life Financial Inc. will post 5.06 EPS for the current year.

Sun Life Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Wednesday, February 28th were paid a dividend of $0.581 per share. This is a boost from Sun Life Financial's previous quarterly dividend of $0.56. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 4.55%. Sun Life Financial's payout ratio is 59.79%.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group assumed coverage on shares of Sun Life Financial in a research note on Thursday, February 22nd. They set a "buy" rating on the stock.

About Sun Life Financial

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.