Meeder Asset Management Inc. Buys 837 Shares of Sun Life Financial Inc. (NYSE:SLF)

Meeder Asset Management Inc. lifted its stake in shares of Sun Life Financial Inc. (NYSE:SLFGet Rating) (TSE:SLF) by 191.1% during the second quarter, Holdings Channel.com reports. The firm owned 1,275 shares of the financial services provider’s stock after acquiring an additional 837 shares during the period. Meeder Asset Management Inc.’s holdings in Sun Life Financial were worth $58,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Tcwp LLC bought a new position in shares of Sun Life Financial during the 1st quarter worth about $27,000. Mark Sheptoff Financial Planning LLC acquired a new stake in shares of Sun Life Financial in the 1st quarter worth about $30,000. Achmea Investment Management B.V. acquired a new stake in shares of Sun Life Financial in the 1st quarter worth about $32,000. Capital Advisory Group Advisory Services LLC acquired a new stake in shares of Sun Life Financial in the 1st quarter worth about $33,000. Finally, Banque Cantonale Vaudoise acquired a new stake in shares of Sun Life Financial in the 2nd quarter worth about $27,000. Institutional investors own 46.86% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on SLF shares. Royal Bank of Canada lowered their target price on shares of Sun Life Financial from C$78.00 to C$75.00 in a report on Friday, November 4th. National Bank Financial decreased their price objective on shares of Sun Life Financial from C$67.00 to C$65.00 in a research note on Friday, October 28th. StockNews.com started coverage on shares of Sun Life Financial in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Finally, Barclays decreased their price objective on shares of Sun Life Financial from C$67.00 to C$63.00 in a research note on Wednesday, October 12th.

Sun Life Financial Trading Up 1.2 %

SLF opened at $46.36 on Monday. The company has a 50 day moving average of $42.28 and a 200 day moving average of $45.26. The company has a market cap of $27.17 billion, a PE ratio of 10.88, a price-to-earnings-growth ratio of 1.15 and a beta of 1.00. Sun Life Financial Inc. has a 12 month low of $37.96 and a 12 month high of $58.49.

Sun Life Financial Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Wednesday, November 23rd will be issued a $0.528 dividend. This represents a $2.11 annualized dividend and a yield of 4.56%. The ex-dividend date of this dividend is Tuesday, November 22nd. Sun Life Financial’s dividend payout ratio (DPR) is presently 50.70%.

Sun Life Financial Company Profile

(Get Rating)

Sun Life Financial Inc, a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients worldwide. It offers term and permanent life, as well as personal health, dental, critical illness, long-term care, and disability insurance products. The company also provides reinsurance products; investment counselling and portfolio management services; mutual funds and segregated funds; trust and banking services; real estate property brokerage and appraisal services; and merchant banking services.

Read More

Want to see what other hedge funds are holding SLF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sun Life Financial Inc. (NYSE:SLFGet Rating) (TSE:SLF).

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

Receive News & Ratings for Sun Life Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sun Life Financial and related companies with MarketBeat.com's FREE daily email newsletter.