First Bank & Trust Invests $201,000 in Sun Life Financial Inc. (NYSE:SLF)

First Bank & Trust acquired a new position in shares of Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 3,862 shares of the financial services provider’s stock, valued at approximately $201,000.

Several other hedge funds and other institutional investors have also modified their holdings of SLF. Raymond James & Associates boosted its position in shares of Sun Life Financial by 2.0% in the first quarter. Raymond James & Associates now owns 31,331 shares of the financial services provider’s stock worth $1,749,000 after buying an additional 614 shares during the period. Raymond James Financial Services Advisors Inc. boosted its position in shares of Sun Life Financial by 1.1% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 24,648 shares of the financial services provider’s stock worth $1,376,000 after buying an additional 269 shares during the period. American Century Companies Inc. raised its holdings in shares of Sun Life Financial by 3.5% during the first quarter. American Century Companies Inc. now owns 34,234 shares of the financial services provider’s stock worth $1,911,000 after acquiring an additional 1,144 shares in the last quarter. Natixis Advisors L.P. raised its holdings in shares of Sun Life Financial by 9.4% during the first quarter. Natixis Advisors L.P. now owns 14,075 shares of the financial services provider’s stock worth $786,000 after acquiring an additional 1,207 shares in the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in shares of Sun Life Financial during the first quarter worth $67,000. Institutional investors and hedge funds own 44.96% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on SLF shares. Credit Suisse Group cut their price objective on Sun Life Financial from $79.00 to $77.00 and set an “outperform” rating for the company in a report on Thursday, August 10th. StockNews.com initiated coverage on Sun Life Financial in a report on Thursday, August 17th. They set a “hold” rating on the stock.

Sun Life Financial Stock Down 0.2 %

SLF stock opened at $50.45 on Tuesday. Sun Life Financial Inc. has a twelve month low of $37.96 and a twelve month high of $53.21. The company has a market cap of $29.61 billion, a PE ratio of 13.86, a price-to-earnings-growth ratio of 1.35 and a beta of 1.02. The business’s 50-day simple moving average is $50.11 and its 200 day simple moving average is $49.12.

Sun Life Financial (NYSE:SLF) (TSE:SLF) last released its quarterly earnings results on Tuesday, August 8th. The financial services provider reported $1.17 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.17. Sun Life Financial had a return on equity of 15.10% and a net margin of 7.28%. The firm had revenue of $5.71 billion during the quarter. On average, equities research analysts anticipate that Sun Life Financial Inc. will post 4.7 EPS for the current year.

Sun Life Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Wednesday, August 30th will be issued a dividend of $0.566 per share. This represents a $2.26 dividend on an annualized basis and a yield of 4.49%. This is a boost from Sun Life Financial’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Tuesday, August 29th. Sun Life Financial’s dividend payout ratio (DPR) is currently 62.36%.

Sun Life Financial Profile

Sun Life Financial Inc, a financial services company, provides savings, retirement, and pension products worldwide. It offers term and permanent life, as well as personal health, dental, critical illness, long-term care, and disability insurance products. The company provides financial advice, asset management, and investments related products.