Lincluden Management Ltd. increased its holdings in shares of Sun Life Financial Inc (NYSE:SLF) (TSE:SLF) by 4.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,422,327 shares of the financial services provider’s stock after purchasing an additional 61,825 shares during the period. Sun Life Financial accounts for 4.2% of Lincluden Management Ltd.’s investment portfolio, making the stock its 8th largest holding. Lincluden Management Ltd. owned 0.23% of Sun Life Financial worth $60,146,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Independence Bank of Kentucky acquired a new stake in Sun Life Financial during the 4th quarter worth $117,000. Wedbush Securities Inc. acquired a new stake in Sun Life Financial during the 4th quarter worth $200,000. Suntrust Banks Inc. acquired a new stake in Sun Life Financial during the 4th quarter worth $225,000. Pinnacle Associates Ltd. acquired a new stake in Sun Life Financial during the 3rd quarter worth $225,000. Finally, Timber Hill LLC acquired a new stake in Sun Life Financial during the 4th quarter worth $249,000. Hedge funds and other institutional investors own 41.46% of the company’s stock.
Sun Life Financial Inc (NYSE:SLF) opened at $42.04 on Tuesday. The company has a market cap of $25,786.62, a price-to-earnings ratio of 15.63, a price-to-earnings-growth ratio of 1.66 and a beta of 0.90. The company has a debt-to-equity ratio of 0.23, a quick ratio of 5.06 and a current ratio of 5.06. Sun Life Financial Inc has a 12-month low of $32.22 and a 12-month high of $44.50.
Sun Life Financial (NYSE:SLF) (TSE:SLF) last announced its quarterly earnings data on Wednesday, February 14th. The financial services provider reported $0.83 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.83. The company had revenue of $6.81 billion during the quarter. Sun Life Financial had a net margin of 7.59% and a return on equity of 12.61%. sell-side analysts expect that Sun Life Financial Inc will post 3.66 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 1st will be given a dividend of $0.3617 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $1.45 dividend on an annualized basis and a yield of 3.44%. This is an increase from Sun Life Financial’s previous quarterly dividend of $0.36. Sun Life Financial’s dividend payout ratio is presently 54.28%.
SLF has been the subject of a number of analyst reports. Zacks Investment Research upgraded shares of Sun Life Financial from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a research report on Wednesday, January 10th. BMO Capital Markets restated a “hold” rating and set a $52.00 price objective on shares of Sun Life Financial in a research report on Friday, November 24th. Scotiabank upgraded shares of Sun Life Financial from a “sector perform” rating to a “buy” rating and set a $63.00 price objective for the company in a research report on Wednesday, January 31st. Finally, TD Securities upgraded shares of Sun Life Financial from a “hold” rating to a “buy” rating in a research report on Monday, January 15th. Four research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $52.67.
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About Sun Life Financial
Sun Life Financial Inc is the holding company of Sun Life Assurance Company of Canada. The Company is a financial services company providing a range of insurance, wealth and asset management solutions to individuals and corporate Clients. It operates through five segments. The Sun Life Financial Canada segment provides retail insurance and investment advice, products and services to people across Canada.
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