Van ECK Associates Corp Has $3.13 Million Stock Position in Sun Life Financial Inc. (NYSE:SLF)

Van ECK Associates Corp boosted its holdings in shares of Sun Life Financial Inc. (NYSE:SLFFree Report) (TSE:SLF) by 11.2% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 64,056 shares of the financial services provider’s stock after acquiring an additional 6,461 shares during the period. Van ECK Associates Corp’s holdings in Sun Life Financial were worth $3,127,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Money Concepts Capital Corp purchased a new stake in shares of Sun Life Financial in the fourth quarter valued at about $26,000. IFP Advisors Inc raised its holdings in shares of Sun Life Financial by 166.9% in the second quarter. IFP Advisors Inc now owns 678 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 424 shares during the last quarter. Chilton Capital Management LLC purchased a new stake in shares of Sun Life Financial in the second quarter valued at about $30,000. Achmea Investment Management B.V. purchased a new stake in shares of Sun Life Financial in the first quarter valued at about $32,000. Finally, ST Germain D J Co. Inc. purchased a new stake in shares of Sun Life Financial in the second quarter valued at about $34,000. Hedge funds and other institutional investors own 44.96% of the company’s stock.

Sun Life Financial Stock Performance

NYSE SLF opened at $52.83 on Tuesday. Sun Life Financial Inc. has a 52-week low of $43.53 and a 52-week high of $53.30. The company has a 50-day simple moving average of $51.38 and a 200 day simple moving average of $49.81. The company has a market capitalization of $30.89 billion, a PE ratio of 13.62, a price-to-earnings-growth ratio of 1.31 and a beta of 1.01.

Sun Life Financial (NYSE:SLFGet Free Report) (TSE:SLF) last posted its quarterly earnings data on Monday, November 13th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.04. Sun Life Financial had a net margin of 7.79% and a return on equity of 17.30%. The business had revenue of $1.82 billion during the quarter. As a group, analysts forecast that Sun Life Financial Inc. will post 5.08 EPS for the current fiscal year.

Sun Life Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Wednesday, February 28th will be issued a dividend of $0.581 per share. This represents a $2.32 dividend on an annualized basis and a yield of 4.40%. The ex-dividend date of this dividend is Tuesday, February 27th. This is an increase from Sun Life Financial’s previous quarterly dividend of $0.56. Sun Life Financial’s dividend payout ratio (DPR) is 57.99%.

Sun Life Financial Company Profile

(Free Report)

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.

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

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