O Shaughnessy Asset Management LLC increased its stake in Sun Life Financial Inc. (NYSE:SLF - Free Report) TSE: SLF by 18.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 112,838 shares of the financial services provider's stock after purchasing an additional 17,759 shares during the quarter. O Shaughnessy Asset Management LLC's holdings in Sun Life Financial were worth $6,692,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Human Investing LLC purchased a new position in shares of Sun Life Financial in the fourth quarter worth approximately $26,000. Asset Planning Inc acquired a new position in Sun Life Financial in the 4th quarter worth approximately $40,000. BankPlus Trust Department purchased a new position in Sun Life Financial during the 4th quarter worth approximately $40,000. Dixon Mitchell Investment Counsel Inc. acquired a new stake in Sun Life Financial during the 4th quarter valued at $45,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Sun Life Financial in the third quarter valued at $51,000. Institutional investors and hedge funds own 52.26% of the company's stock.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on SLF. 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 raised shares of Sun Life Financial from a "hold" rating to a "moderate buy" rating in a research report on Thursday, February 13th. Finally, StockNews.com downgraded shares of Sun Life Financial from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Two investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy".
Read Our Latest Stock Report on Sun Life Financial
Sun Life Financial Price Performance
SLF traded down $0.47 during trading on Thursday, reaching $58.31. 644,608 shares of the stock traded hands, compared to its average volume of 683,952. Sun Life Financial Inc. has a fifty-two week low of $46.41 and a fifty-two week high of $62.85. The stock's 50-day simple moving average is $56.63 and its two-hundred day simple moving average is $58.01. The stock has a market cap of $33.28 billion, a price-to-earnings ratio of 15.18, 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 results on Wednesday, February 12th. The financial services provider reported $1.20 earnings per share (EPS) 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%. Research analysts anticipate that Sun Life Financial Inc. will post 5.19 earnings per share for the current fiscal year.
Sun Life Financial Cuts Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Wednesday, February 26th were paid a dividend of $0.5876 per share. The ex-dividend date was Wednesday, February 26th. This represents a $2.35 annualized dividend and a dividend yield of 4.03%. Sun Life Financial's dividend payout ratio (DPR) is 60.16%.
Sun Life Financial Profile
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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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