PCJ Investment Counsel Ltd. grew its stake in Sun Life Financial Inc. (NYSE:SLF - Free Report) TSE: SLF by 38.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 45,400 shares of the financial services provider's stock after purchasing an additional 12,680 shares during the period. PCJ Investment Counsel Ltd.'s holdings in Sun Life Financial were worth $2,692,000 at the end of the most recent quarter.
Several other hedge funds have also bought and sold shares of SLF. Human Investing LLC acquired a new position in shares of Sun Life Financial during the 4th quarter worth approximately $26,000. Assetmark Inc. increased 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 worth $31,000 after purchasing an additional 522 shares during the last quarter. Addison Advisors LLC increased its position in shares of Sun Life Financial by 124.9% during the 3rd quarter. Addison Advisors LLC now owns 650 shares of the financial services provider's stock worth $38,000 after purchasing an additional 361 shares during the last quarter. Asset Planning Inc acquired a new stake in shares of Sun Life Financial during the 4th quarter worth about $40,000. Finally, BankPlus Trust Department acquired a new position in Sun Life Financial in the 4th quarter valued at about $40,000. Hedge funds and other institutional investors own 52.26% of the company's stock.
Sun Life Financial Price Performance
Shares of NYSE:SLF traded up $0.78 during trading on Wednesday, reaching $54.83. The company had a trading volume of 467,018 shares, compared to its average volume of 775,089. The stock's fifty day moving average price is $57.24 and its 200 day moving average price is $57.83. Sun Life Financial Inc. has a fifty-two week low of $46.41 and a fifty-two week high of $62.85. The firm has a market capitalization of $31.41 billion, a price-to-earnings ratio of 14.28, 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 posted its earnings results on Wednesday, February 12th. The financial services provider reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.30. Sun Life Financial had a return on equity of 16.86% and a net margin of 8.08%. On average, equities analysts anticipate that Sun Life Financial Inc. will post 5.19 EPS for the current fiscal year.
Sun Life Financial Cuts Dividend
The company also recently disclosed 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. The ex-dividend date is Wednesday, February 26th. This represents a $2.35 dividend on an annualized basis and a dividend yield of 4.29%. Sun Life Financial's dividend payout ratio (DPR) is 60.16%.
Wall Street Analyst Weigh In
SLF has been the subject of several research reports. National Bank Financial raised Sun Life Financial from a "sector perform" rating to an "outperform" rating in a research report on Wednesday, January 15th. Cormark upgraded Sun Life Financial from a "hold" rating to a "moderate buy" rating in a research note on Thursday, February 13th. Finally, StockNews.com cut 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 stock. According to data from MarketBeat, Sun Life Financial currently has an average rating of "Moderate Buy".
Get Our Latest Stock Report on SLF
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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