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

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

A number of other hedge funds and other institutional investors have also modified their holdings of SLF. Addenda Capital Inc. raised its stake in shares of Sun Life Financial by 21.1% in the 4th quarter. Addenda Capital Inc. now owns 148,679 shares of the financial services provider's stock worth $7,710,000 after buying an additional 25,886 shares in the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH acquired a new stake in Sun Life Financial in the 4th quarter valued at about $2,299,000. Wellington Management Group LLP bought a new position in shares of Sun Life Financial during the 3rd quarter valued at about $3,610,000. Barometer Capital Management Inc. grew its stake in shares of Sun Life Financial by 7.2% in the 3rd quarter. Barometer Capital Management Inc. now owns 151,850 shares of the financial services provider's stock worth $7,410,000 after purchasing an additional 10,200 shares during the last quarter. Finally, Alberta Investment Management Corp raised its holdings in shares of Sun Life Financial by 12.6% in the 3rd quarter. Alberta Investment Management Corp now owns 2,316,743 shares of the financial services provider's stock worth $113,558,000 after purchasing an additional 258,800 shares in the last quarter. 52.26% of the stock is currently owned by institutional investors.

Sun Life Financial Stock Performance

Shares of NYSE:SLF traded up $0.58 during midday trading on Monday, reaching $50.68. The company had a trading volume of 1,289,243 shares, compared to its average volume of 647,740. The company has a fifty day simple moving average of $53.05 and a two-hundred day simple moving average of $51.71. The firm has a market cap of $29.45 billion, a price-to-earnings ratio of 12.99, a price-to-earnings-growth ratio of 1.26 and a beta of 1.00. Sun Life Financial Inc. has a 1-year low of $44.57 and a 1-year high of $55.46.

Sun Life Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Wednesday, May 29th will be given a $0.588 dividend. This is an increase from Sun Life Financial's previous quarterly dividend of $0.58. This represents a $2.35 annualized dividend and a dividend yield of 4.64%. The ex-dividend date of this dividend is Wednesday, May 29th. Sun Life Financial's dividend payout ratio (DPR) is 59.34%.

Analysts Set New Price Targets

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

Sun Life Financial Company 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.