Wedbush Securities Inc. acquired a new position in shares of Sun Life Financial Inc (NYSE:SLF) (TSE:SLF) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 4,850 shares of the financial services provider’s stock, valued at approximately $200,000.
Other institutional investors also recently bought and sold shares of the company. Independence Bank of Kentucky purchased a new position in shares of Sun Life Financial during the 4th quarter valued at $117,000. Pinnacle Associates Ltd. purchased a new position in shares of Sun Life Financial during the 3rd quarter valued at $225,000. Stifel Financial Corp grew its holdings in shares of Sun Life Financial by 4.3% during the 2nd quarter. Stifel Financial Corp now owns 6,060 shares of the financial services provider’s stock valued at $216,000 after acquiring an additional 249 shares in the last quarter. First National Trust Co. purchased a new position in shares of Sun Life Financial during the 3rd quarter valued at $308,000. Finally, Rosenblum Silverman Sutton S F Inc. CA purchased a new position in shares of Sun Life Financial during the 3rd quarter valued at $354,000. Institutional investors and hedge funds own 41.68% of the company’s stock.
Several equities analysts have recently commented on SLF shares. TD Securities upgraded shares of Sun Life Financial from a “hold” rating to a “buy” rating in a report on Monday, January 15th. Scotiabank upgraded shares of Sun Life Financial from a “sector perform” rating to a “buy” rating and set a $63.00 price target on the stock in a report on Wednesday, January 31st. Zacks Investment Research cut shares of Sun Life Financial from a “buy” rating to a “hold” rating in a report on Monday, February 5th. Finally, BMO Capital Markets upgraded shares of Sun Life Financial from a “market perform” rating to an “outperform” rating in a report on Friday, February 16th. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Sun Life Financial has an average rating of “Buy” and a consensus target price of $52.67.
Sun Life Financial Inc (NYSE:SLF) opened at $42.82 on Friday. The company has a market cap of $26,140.71, a price-to-earnings ratio of 15.92, a PEG ratio of 1.67 and a beta of 0.89. Sun Life Financial Inc has a fifty-two week low of $32.22 and a fifty-two week high of $44.50. The company has a debt-to-equity ratio of 0.23, a quick ratio of 4.42 and a current ratio of 5.06.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 1st will be issued a $0.3617 dividend. The ex-dividend date is Wednesday, February 28th. This is a boost from Sun Life Financial’s previous quarterly dividend of $0.36. This represents a $1.45 dividend on an annualized basis and a yield of 3.38%. Sun Life Financial’s dividend payout ratio is currently 53.90%.
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About Sun Life Financial
Sun Life Financial Inc is the holding company of Sun Life Assurance Company of Canada. The Company is a financial services company providing a range of insurance, wealth and asset management solutions to individuals and corporate Clients. It operates through five segments. The Sun Life Financial Canada segment provides retail insurance and investment advice, products and services to people across Canada.
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