Vanguard Personalized Indexing Management LLC Boosts Stock Holdings in Sun Life Financial Inc. (NYSE:SLF)

Vanguard Personalized Indexing Management LLC grew its position in shares of Sun Life Financial Inc. (NYSE:SLFFree Report) (TSE:SLF) by 22.8% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,420 shares of the financial services provider’s stock after purchasing an additional 3,234 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Sun Life Financial were worth $850,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of SLF. Vanguard Group Inc. grew its holdings in shares of Sun Life Financial by 3.5% during the third quarter. Vanguard Group Inc. now owns 21,016,287 shares of the financial services provider’s stock worth $835,608,000 after purchasing an additional 703,122 shares during the last quarter. Mackenzie Financial Corp raised its stake in shares of Sun Life Financial by 2.2% during the second quarter. Mackenzie Financial Corp now owns 15,028,272 shares of the financial services provider’s stock worth $783,344,000 after purchasing an additional 317,661 shares during the last quarter. TD Asset Management Inc raised its stake in shares of Sun Life Financial by 1.0% during the second quarter. TD Asset Management Inc now owns 11,634,624 shares of the financial services provider’s stock worth $607,207,000 after purchasing an additional 113,655 shares during the last quarter. Bank of Nova Scotia raised its stake in shares of Sun Life Financial by 16.6% during the second quarter. Bank of Nova Scotia now owns 9,898,881 shares of the financial services provider’s stock worth $517,295,000 after purchasing an additional 1,406,171 shares during the last quarter. Finally, 1832 Asset Management L.P. raised its stake in shares of Sun Life Financial by 4.8% during the second quarter. 1832 Asset Management L.P. now owns 7,338,472 shares of the financial services provider’s stock worth $382,481,000 after purchasing an additional 336,042 shares during the last quarter. Hedge funds and other institutional investors own 44.96% of the company’s stock.

Sun Life Financial Price Performance

Shares of SLF stock opened at $52.83 on Tuesday. The business’s fifty day moving average price is $51.38 and its 200 day moving average price is $49.81. Sun Life Financial Inc. has a 1-year low of $43.53 and a 1-year high of $53.30. The firm has a market capitalization of $30.89 billion, a PE ratio of 13.62, a P/E/G ratio of 1.31 and a beta of 1.01.

Sun Life Financial (NYSE:SLFGet Free Report) (TSE:SLF) last released its earnings results on Monday, November 13th. The financial services provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.04. Sun Life Financial had a return on equity of 17.30% and a net margin of 7.79%. The firm had revenue of $1.82 billion for the quarter. Equities research analysts expect that Sun Life Financial Inc. will post 5.08 earnings per share for the current fiscal year.

Sun Life Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Wednesday, February 28th will be issued a $0.581 dividend. This represents a $2.32 dividend on an annualized basis and a dividend yield of 4.40%. This is an increase from Sun Life Financial’s previous quarterly dividend of $0.56. The ex-dividend date is Tuesday, February 27th. 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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