Duality Advisers LP Invests $2.89 Million in Sun Life Financial Inc. (NYSE:SLF)

Duality Advisers LP bought a new position in shares of Sun Life Financial Inc. (NYSE:SLF - Free Report) TSE: SLF during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 55,621 shares of the financial services provider's stock, valued at approximately $2,885,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. RIA Advisory Group LLC bought a new position in Sun Life Financial in the 4th quarter valued at approximately $39,000. Legacy Financial Group LLC bought a new position in Sun Life Financial in the 3rd quarter valued at approximately $40,000. Headinvest LLC bought a new position in Sun Life Financial in the 3rd quarter valued at approximately $39,000. HHM Wealth Advisors LLC bought a new position in Sun Life Financial in the 3rd quarter valued at approximately $62,000. Finally, Pacifica Partners Inc. lifted its stake in Sun Life Financial by 83.5% in the 4th quarter. Pacifica Partners Inc. now owns 1,288 shares of the financial services provider's stock valued at $66,000 after purchasing an additional 586 shares during the last quarter. Institutional investors and hedge funds own 52.26% of the company's stock.

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 for the company.

Sun Life Financial Stock Up 0.9 %

NYSE:SLF traded up $0.47 during trading hours on Monday, reaching $51.58. The company had a trading volume of 486,407 shares, compared to its average volume of 613,521. The firm has a market cap of $30.04 billion, a price-to-earnings ratio of 13.29, a P/E/G ratio of 1.26 and a beta of 1.01. The business's 50-day simple moving average is $53.54 and its two-hundred day simple moving average is $51.30. Sun Life Financial Inc. has a twelve month low of $44.57 and a twelve month high of $55.46.

Sun Life Financial (NYSE:SLF - Get Free Report) TSE: SLF last posted its quarterly earnings results 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 business 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%. As a group, equities analysts predict that Sun Life Financial Inc. will post 5.06 earnings per share for the current year.

Sun Life Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Wednesday, February 28th were given a $0.581 dividend. This is a positive change 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 annualized dividend and a yield of 4.51%. Sun Life Financial's payout ratio is currently 59.79%.

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.