Entropy Technologies LP purchased a new position in Sun Life Financial Inc. (NYSE:SLF - Free Report) TSE: SLF during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 13,579 shares of the financial services provider's stock, valued at approximately $788,000.
Other institutional investors also recently added to or reduced their stakes in the company. CANADA LIFE ASSURANCE Co raised its stake in Sun Life Financial by 3.8% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 630,708 shares of the financial services provider's stock valued at $34,474,000 after acquiring an additional 23,235 shares during the period. Cetera Investment Advisers lifted its stake in shares of Sun Life Financial by 108.3% during the 1st quarter. Cetera Investment Advisers now owns 64,240 shares of the financial services provider's stock valued at $3,506,000 after buying an additional 33,401 shares in the last quarter. Twin Tree Management LP boosted its holdings in Sun Life Financial by 249.8% in the 1st quarter. Twin Tree Management LP now owns 274,119 shares of the financial services provider's stock worth $14,961,000 after buying an additional 195,745 shares during the period. Tyler Stone Wealth Management grew its stake in Sun Life Financial by 100.0% in the 3rd quarter. Tyler Stone Wealth Management now owns 17,454 shares of the financial services provider's stock valued at $1,013,000 after buying an additional 8,727 shares in the last quarter. Finally, Bessemer Group Inc. lifted its position in shares of Sun Life Financial by 845.9% during the first quarter. Bessemer Group Inc. now owns 20,478 shares of the financial services provider's stock worth $1,117,000 after acquiring an additional 18,313 shares in the last quarter. Institutional investors own 52.26% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts recently issued reports on SLF shares. StockNews.com raised Sun Life Financial from a "hold" rating to a "buy" rating in a report on Wednesday, November 6th. Barclays assumed coverage on shares of Sun Life Financial in a report on Thursday, September 5th. They issued an "equal weight" rating on the stock.
Read Our Latest Report on SLF
Sun Life Financial Price Performance
Shares of NYSE:SLF traded down $0.82 on Friday, hitting $60.25. The company's stock had a trading volume of 381,679 shares, compared to its average volume of 661,532. Sun Life Financial Inc. has a 1 year low of $46.41 and a 1 year high of $61.61. The company has a market capitalization of $37.96 billion, a PE ratio of 13.56, a PEG ratio of 1.55 and a beta of 1.01. The company has a 50-day simple moving average of $57.24 and a 200 day simple moving average of $52.82.
Sun Life Financial (NYSE:SLF - Get Free Report) TSE: SLF last posted its quarterly earnings data on Monday, August 12th. The financial services provider reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.07. Sun Life Financial had a net margin of 7.32% and a return on equity of 17.44%. The firm had revenue of $6.52 billion for the quarter, compared to analysts' expectations of $6.72 billion. On average, equities research analysts expect that Sun Life Financial Inc. will post 4.85 earnings per share for the current fiscal year.
Sun Life Financial Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Wednesday, November 27th will be given a dividend of $0.621 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This is a positive change from Sun Life Financial's previous quarterly dividend of $0.59. This represents a $2.48 annualized dividend and a dividend yield of 4.12%. Sun Life Financial's dividend payout ratio is 52.34%.
Sun Life Financial Profile
(
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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