Fmr LLC Purchases 257,178 Shares of Sun Life Financial Inc. (NYSE:SLF)

FMR LLC increased its holdings in Sun Life Financial Inc. (NYSE:SLF - Free Report) TSE: SLF by 5.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,189,939 shares of the financial services provider's stock after purchasing an additional 257,178 shares during the quarter. FMR LLC owned approximately 0.82% of Sun Life Financial worth $301,047,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its stake in shares of Sun Life Financial by 3.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 105,050 shares of the financial services provider's stock valued at $5,734,000 after purchasing an additional 3,423 shares during the last quarter. Virtu Financial LLC bought a new stake in Sun Life Financial in the first quarter worth approximately $299,000. Cetera Investment Advisers lifted its stake in Sun Life Financial by 108.3% in the first 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 during the period. Cetera Advisors LLC bought a new position in shares of Sun Life Financial during the 1st quarter worth approximately $384,000. Finally, GAMMA Investing LLC grew its position in shares of Sun Life Financial by 6,244.4% during the 2nd quarter. GAMMA Investing LLC now owns 571 shares of the financial services provider's stock worth $28,000 after buying an additional 562 shares during the period. 52.26% of the stock is currently owned by institutional investors and hedge funds.

Sun Life Financial Stock Up 0.8 %

Sun Life Financial stock traded up $0.47 during midday trading on Friday, hitting $61.39. 300,235 shares of the stock were exchanged, compared to its average volume of 805,747. Sun Life Financial Inc. has a 52-week low of $46.41 and a 52-week high of $61.86. The business's 50-day moving average price is $58.36 and its 200-day moving average price is $53.55. The stock has a market capitalization of $35.34 billion, a price-to-earnings ratio of 13.67, a price-to-earnings-growth ratio of 1.58 and a beta of 1.01.

Sun Life Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Wednesday, November 27th will be paid a $0.621 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 4.05%. The ex-dividend date of this dividend is Wednesday, November 27th. This is an increase from Sun Life Financial's previous quarterly dividend of $0.59. Sun Life Financial's dividend payout ratio is 55.23%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. StockNews.com lowered Sun Life Financial from a "buy" rating to a "hold" rating in a research report on Tuesday, November 19th. Barclays began coverage on Sun Life Financial in a report on Thursday, September 5th. They set an "equal weight" rating for the company.

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.