Aigen Investment Management LP bought a new stake in shares of Sun Life Financial Inc. (NYSE:SLF - Free Report) TSE: SLF in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 9,200 shares of the financial services provider's stock, valued at approximately $546,000.
A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Human Investing LLC purchased a new stake in Sun Life Financial during the fourth quarter valued at $26,000. Assetmark Inc. raised its position in shares of Sun Life Financial by 2,747.4% during the 3rd quarter. Assetmark Inc. now owns 541 shares of the financial services provider's stock valued at $31,000 after buying an additional 522 shares in the last quarter. Addison Advisors LLC lifted its holdings in shares of Sun Life Financial by 124.9% in the 3rd quarter. Addison Advisors LLC now owns 650 shares of the financial services provider's stock valued at $38,000 after acquiring an additional 361 shares during the last quarter. Asset Planning Inc bought a new stake in Sun Life Financial during the fourth quarter worth approximately $40,000. Finally, BankPlus Trust Department bought a new stake in Sun Life Financial during the fourth quarter worth approximately $40,000. 52.26% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of equities analysts have recently commented on the company. National Bank Financial upgraded Sun Life Financial from a "sector perform" rating to an "outperform" rating in a report on Wednesday, January 15th. Cormark raised shares of Sun Life Financial from a "hold" rating to a "moderate buy" rating in a research note on Thursday, February 13th. Finally, StockNews.com downgraded shares of Sun Life Financial from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th. Two equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Sun Life Financial currently has a consensus rating of "Moderate Buy".
Get Our Latest Analysis on SLF
Sun Life Financial Price Performance
Shares of NYSE:SLF traded up $0.39 during trading hours on Friday, hitting $55.62. 331,402 shares of the company's stock traded hands, compared to its average volume of 798,425. The firm has a market capitalization of $31.86 billion, a P/E ratio of 14.48, a price-to-earnings-growth ratio of 1.52 and a beta of 1.03. The business has a fifty day moving average price of $57.45 and a 200-day moving average price of $57.75. Sun Life Financial Inc. has a 1 year low of $46.41 and a 1 year high of $62.85.
Sun Life Financial (NYSE:SLF - Get Free Report) TSE: SLF last posted its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.90 by $0.30. Sun Life Financial had a return on equity of 16.86% and a net margin of 8.08%. As a group, equities analysts predict that Sun Life Financial Inc. will post 5.19 earnings per share for the current year.
Sun Life Financial Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Wednesday, February 26th will be issued a $0.5876 dividend. This represents a $2.35 dividend on an annualized basis and a dividend yield of 4.23%. The ex-dividend date is Wednesday, February 26th. Sun Life Financial's payout ratio is presently 60.16%.
Sun Life Financial Company Profile
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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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