Mufg Securities Canada LTD. increased its stake in shares of Sun Life Financial Inc. (NYSE:SLF - Free Report) TSE: SLF by 71.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 879,349 shares of the financial services provider's stock after purchasing an additional 366,546 shares during the quarter. Sun Life Financial accounts for approximately 1.9% of Mufg Securities Canada LTD.'s holdings, making the stock its 17th biggest position. Mufg Securities Canada LTD. owned approximately 0.14% of Sun Life Financial worth $52,178,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of SLF. Human Investing LLC purchased a new stake in shares of Sun Life Financial during the 4th quarter worth $26,000. Asset Planning Inc purchased a new stake in shares of Sun Life Financial during the 4th quarter worth approximately $40,000. BankPlus Trust Department purchased a new position in Sun Life Financial in the 4th quarter valued at approximately $40,000. Dixon Mitchell Investment Counsel Inc. purchased a new stake in shares of Sun Life Financial in the fourth quarter valued at about $45,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of Sun Life Financial in the third quarter valued at approximately $51,000. 52.26% of the stock is currently owned by hedge funds and other institutional investors.
Sun Life Financial Stock Performance
NYSE SLF traded down $0.50 during trading hours on Friday, hitting $56.64. 297,288 shares of the company's stock were exchanged, compared to its average volume of 686,322. The business's 50 day moving average is $56.69 and its 200-day moving average is $57.96. Sun Life Financial Inc. has a 12-month low of $46.41 and a 12-month high of $62.85. The firm has a market capitalization of $32.33 billion, a P/E ratio of 14.75, a price-to-earnings-growth ratio of 1.52 and a beta of 1.04.
Sun Life Financial (NYSE:SLF - Get Free Report) TSE: SLF last announced its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $1.20 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.30. Sun Life Financial had a net margin of 8.08% and a return on equity of 16.86%. As a group, equities research analysts anticipate that Sun Life Financial Inc. will post 5.19 EPS for the current fiscal year.
Sun Life Financial Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Wednesday, February 26th will be paid a dividend of $0.5876 per share. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $2.35 annualized dividend and a dividend yield of 4.15%. Sun Life Financial's dividend payout ratio is presently 60.16%.
Wall Street Analyst Weigh In
A number of brokerages have commented on SLF. Cormark upgraded Sun Life Financial from a "hold" rating to a "moderate buy" rating in a report on Thursday, February 13th. National Bank Financial upgraded Sun Life Financial from a "sector perform" rating to an "outperform" rating in a research report on Wednesday, January 15th. Finally, StockNews.com lowered shares of Sun Life Financial from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. Two investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Sun Life Financial currently has a consensus rating of "Moderate Buy".
Check Out Our Latest Analysis on Sun Life Financial
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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