Sun Life Financial Inc (SLF) Stake Increased by Janus Henderson Group PLC

Janus Henderson Group PLC increased its position in shares of Sun Life Financial Inc (NYSE:SLF) (TSE:SLF) by 179.1% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 519,037 shares of the financial services provider’s stock after acquiring an additional 333,038 shares during the period. Janus Henderson Group PLC’s holdings in Sun Life Financial were worth $20,848,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the company. Suntrust Banks Inc. increased its holdings in Sun Life Financial by 22.3% in the 1st quarter. Suntrust Banks Inc. now owns 6,707 shares of the financial services provider’s stock valued at $275,000 after acquiring an additional 1,225 shares during the last quarter. Financial Engines Advisors L.L.C. increased its holdings in Sun Life Financial by 70.0% in the 2nd quarter. Financial Engines Advisors L.L.C. now owns 28,322 shares of the financial services provider’s stock valued at $1,137,000 after acquiring an additional 11,660 shares during the last quarter. LPL Financial LLC bought a new stake in Sun Life Financial in the 1st quarter valued at $817,000. K.J. Harrison & Partners Inc increased its holdings in Sun Life Financial by 19.2% in the 2nd quarter. K.J. Harrison & Partners Inc now owns 10,255 shares of the financial services provider’s stock valued at $412,000 after acquiring an additional 1,650 shares during the last quarter. Finally, Fiera Capital Corp increased its holdings in Sun Life Financial by 2.4% in the 2nd quarter. Fiera Capital Corp now owns 740,822 shares of the financial services provider’s stock valued at $29,774,000 after acquiring an additional 17,161 shares during the last quarter. Hedge funds and other institutional investors own 41.18% of the company’s stock.

A number of analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Sun Life Financial from a “sell” rating to a “hold” rating in a report on Monday. ValuEngine downgraded shares of Sun Life Financial from a “hold” rating to a “sell” rating in a report on Tuesday, August 7th. Evercore ISI assumed coverage on shares of Sun Life Financial in a report on Tuesday, July 10th. They issued an “outperform” rating on the stock. Finally, CIBC downgraded shares of Sun Life Financial from a “sector outperform” rating to a “neutral” rating in a report on Monday, May 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $54.00.

Shares of NYSE SLF opened at $38.74 on Friday. Sun Life Financial Inc has a 52-week low of $38.10 and a 52-week high of $44.50. The firm has a market capitalization of $23.47 billion, a price-to-earnings ratio of 12.11 and a beta of 0.82. The company has a debt-to-equity ratio of 0.20, a quick ratio of 4.06 and a current ratio of 4.06.

Sun Life Financial (NYSE:SLF) (TSE:SLF) last issued its quarterly earnings data on Wednesday, August 8th. The financial services provider reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.32. Sun Life Financial had a net margin of 9.24% and a return on equity of 13.44%. The business had revenue of $5.29 billion during the quarter. During the same period in the previous year, the business earned $1.12 earnings per share. equities analysts forecast that Sun Life Financial Inc will post 3.57 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Wednesday, August 29th will be paid a $0.365 dividend. The ex-dividend date of this dividend is Tuesday, August 28th. This represents a $1.46 dividend on an annualized basis and a dividend yield of 3.77%. Sun Life Financial’s payout ratio is currently 45.63%.

Sun Life Financial Company Profile

Sun Life Financial Inc, a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients, high-net-worth individuals, and families. It operates through Sun Life Financial Canada, Sun Life Financial United States, Sun Life Financial Asset Management, Sun Life Financial Asia, and Corporate segments.

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Institutional Ownership by Quarter for Sun Life Financial (NYSE:SLF)

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