Tyler Stone Wealth Management boosted its position in Sun Life Financial Inc. (NYSE:SLF - Free Report) TSE: SLF by 100.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 17,454 shares of the financial services provider's stock after purchasing an additional 8,727 shares during the quarter. Tyler Stone Wealth Management's holdings in Sun Life Financial were worth $1,013,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors have also recently added to or reduced their stakes in the company. Assetmark Inc. raised its stake in Sun Life Financial by 2,747.4% in the 3rd quarter. Assetmark Inc. now owns 541 shares of the financial services provider's stock valued at $31,000 after purchasing an additional 522 shares during the last quarter. GAMMA Investing LLC increased its stake 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 valued at $28,000 after acquiring an additional 562 shares during the last quarter. Clean Yield Group acquired a new position in shares of Sun Life Financial during the 3rd quarter valued at about $39,000. Ridgewood Investments LLC acquired a new position in shares of Sun Life Financial during the 2nd quarter valued at about $39,000. Finally, Fairfield Financial Advisors LTD acquired a new position in shares of Sun Life Financial during the 2nd quarter valued at about $43,000. Institutional investors and hedge funds own 52.26% of the company's stock.
Wall Street Analyst Weigh In
SLF has been the subject of a number of research analyst reports. Barclays initiated coverage on shares of Sun Life Financial in a research note on Thursday, September 5th. They set an "equal weight" rating for the company. StockNews.com raised shares of Sun Life Financial from a "hold" rating to a "buy" rating in a research note on Wednesday.
Read Our Latest Stock Report on SLF
Sun Life Financial Stock Performance
Shares of NYSE:SLF traded down $0.37 during trading on Friday, reaching $59.23. 430,723 shares of the stock were exchanged, compared to its average volume of 479,747. Sun Life Financial Inc. has a 12-month low of $46.41 and a 12-month high of $59.81. The firm has a market cap of $37.32 billion, a price-to-earnings ratio of 13.19, a price-to-earnings-growth ratio of 1.53 and a beta of 1.01. The firm's 50-day moving average price is $56.82 and its 200 day moving average price is $52.59.
Sun Life Financial (NYSE:SLF - Get Free Report) TSE: SLF last issued its earnings results on Monday, August 12th. The financial services provider reported $1.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.18 by $0.07. Sun Life Financial had a return on equity of 17.44% and a net margin of 7.32%. The business had revenue of $6.52 billion during the quarter, compared to analysts' expectations of $6.72 billion. As a group, equities research analysts forecast that Sun Life Financial Inc. will post 4.85 EPS for the current year.
Sun Life Financial Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Wednesday, November 27th will be issued a dividend of $0.621 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 4.19%. This is a boost from Sun Life Financial's previous quarterly dividend of $0.59. Sun Life Financial's payout ratio is presently 52.34%.
Sun Life Financial Company 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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