Signaturefd LLC Acquires 414 Shares of Sun Life Financial Inc. (NYSE:SLF)

Signaturefd LLC lifted its holdings in shares of Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) by 1.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 22,365 shares of the financial services provider’s stock after purchasing an additional 414 shares during the period. Signaturefd LLC’s holdings in Sun Life Financial were worth $1,160,000 as of its most recent filing with the SEC.

A number of other large investors also recently added to or reduced their stakes in SLF. RIA Advisory Group LLC bought a new position in shares of Sun Life Financial during the fourth quarter valued at about $39,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Sun Life Financial by 7.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 423,044 shares of the financial services provider’s stock worth $22,047,000 after acquiring an additional 29,144 shares during the last quarter. Cerity Partners LLC increased its stake in Sun Life Financial by 79.8% in the 4th quarter. Cerity Partners LLC now owns 13,170 shares of the financial services provider’s stock worth $683,000 after purchasing an additional 5,844 shares during the period. Financial Counselors Inc. lifted its position in Sun Life Financial by 26.4% in the fourth quarter. Financial Counselors Inc. now owns 6,603 shares of the financial services provider’s stock valued at $342,000 after purchasing an additional 1,378 shares during the last quarter. Finally, Value Partners Investments Inc. boosted its stake in shares of Sun Life Financial by 1.6% during the fourth quarter. Value Partners Investments Inc. now owns 1,429,976 shares of the financial services provider’s stock valued at $67,953,000 after purchasing an additional 22,799 shares during the period. Hedge funds and other institutional investors own 52.26% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group initiated coverage on shares of Sun Life Financial in a report on Thursday, February 22nd. They set a “buy” rating for the company.

Sun Life Financial Price Performance

NYSE SLF opened at $51.11 on Monday. Sun Life Financial Inc. has a 1 year low of $44.57 and a 1 year high of $55.46. The stock has a market capitalization of $29.77 billion, a PE ratio of 13.17, a PEG ratio of 1.26 and a beta of 1.01. The business’s 50-day moving average is $53.57 and its 200 day moving average is $51.27.

Sun Life Financial (NYSE:SLF) (TSE:SLF) last issued its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $1.23 earnings per share for the quarter, topping analysts’ consensus estimates of $1.17 by $0.06. The firm had revenue of $13.73 billion for the quarter. Sun Life Financial had a return on equity of 17.30% and a net margin of 7.79%. As a group, equities research analysts anticipate that Sun Life Financial Inc. will post 5.06 earnings per share for the current year.

Sun Life Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Wednesday, February 28th were issued a $0.581 dividend. The ex-dividend date was Tuesday, February 27th. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.56. This represents a $2.32 annualized dividend and a yield of 4.55%. Sun Life Financial’s dividend payout ratio is 59.79%.

About Sun Life Financial

Sun Life Financial Inc, a financial services company, provides savings, retirement, and pension products worldwide. The company operates in five segments: Asset Management, Canada, U.S., Asia, and Corporate. It offers various insurance products, such as term and permanent life; personal health, which includes prescription drugs, dental, and vision care; critical illness; long-term care; and disability, as well as reinsurance.