10,233 Shares in Sun Life Financial Inc. (NYSE:SLF) Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets acquired a new stake in Sun Life Financial Inc. (NYSE:SLF - Free Report) TSE: SLF during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 10,233 shares of the financial services provider's stock, valued at approximately $594,000.

A number of other large investors have also modified their holdings of the business. FMR LLC lifted its stake in shares of Sun Life Financial by 5.2% in the third quarter. FMR LLC now owns 5,189,939 shares of the financial services provider's stock worth $301,047,000 after buying an additional 257,178 shares in the last quarter. The Manufacturers Life Insurance Company lifted its stake in Sun Life Financial by 7.6% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 9,256,384 shares of the financial services provider's stock worth $537,288,000 after purchasing an additional 654,404 shares in the last quarter. DRW Securities LLC acquired a new position in shares of Sun Life Financial during the 3rd quarter worth approximately $354,000. Independent Advisor Alliance grew its position in shares of Sun Life Financial by 14.6% in the third quarter. Independent Advisor Alliance now owns 14,382 shares of the financial services provider's stock valued at $834,000 after purchasing an additional 1,828 shares in the last quarter. Finally, Canopy Partners LLC acquired a new stake in shares of Sun Life Financial in the third quarter valued at approximately $229,000. Hedge funds and other institutional investors own 52.26% of the company's stock.

Analyst Ratings Changes

SLF has been the subject of several analyst reports. StockNews.com cut Sun Life Financial from a "buy" rating to a "hold" rating in a report on Tuesday, November 19th. Barclays initiated coverage on shares of Sun Life Financial in a report on Thursday, September 5th. They issued an "equal weight" rating for the company.

Sun Life Financial Price Performance

SLF traded down $0.33 during trading hours on Friday, reaching $60.13. The company's stock had a trading volume of 1,219,942 shares, compared to its average volume of 673,754. The stock has a market cap of $34.62 billion, a PE ratio of 13.39, a P/E/G ratio of 1.56 and a beta of 1.03. Sun Life Financial Inc. has a fifty-two week low of $46.41 and a fifty-two week high of $62.85. The business's 50-day moving average is $59.08 and its 200-day moving average is $54.25.

Sun Life Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Wednesday, November 27th will be issued a dividend of $0.621 per share. The ex-dividend date is Wednesday, November 27th. This is a boost from Sun Life Financial's previous quarterly dividend of $0.59. This represents a $2.48 dividend on an annualized basis and a dividend yield of 4.13%. Sun Life Financial's dividend payout ratio is currently 55.23%.

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.