Legal & General Group Plc Purchases New Position in Sun Life Financial Inc. $SLF

Posted by Stanley Muller on Aug 27th, 2026

Legal & General Group Plc purchased a new stake in Sun Life Financial Inc. (NYSE:SLF – Free Report) (TSE:SLF) in the second quarter, Holdings Channel.com reports. The institutional investor purchased 3,571,561 shares of the financial services provider’s stock, valued at approximately $280,312,000.

Several other hedge funds have also bought and sold shares of SLF. Bank of Nova Scotia acquired a new stake in shares of Sun Life Financial during the 2nd quarter worth approximately $544,052,000. Norges Bank acquired a new position in shares of Sun Life Financial in the 4th quarter valued at $398,037,000. The Manufacturers Life Insurance Company purchased a new stake in Sun Life Financial during the second quarter worth $293,050,000. Morgan Stanley boosted its holdings in Sun Life Financial by 86.6% during the fourth quarter. Morgan Stanley now owns 3,952,646 shares of the financial services provider’s stock worth $246,645,000 after buying an additional 1,834,772 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its position in Sun Life Financial by 2,187.4% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,601,200 shares of the financial services provider’s stock valued at $100,276,000 after buying an additional 1,531,200 shares during the period. Hedge funds and other institutional investors own 52.26% of the company’s stock.

Sun Life Financial Stock Performance

Shares of SLF stock opened at $79.05 on Thursday. Sun Life Financial Inc. has a fifty-two week low of $57.22 and a fifty-two week high of $84.38. The stock’s fifty day moving average is $80.33 and its two-hundred day moving average is $72.54. The firm has a market capitalization of $44.06 billion, a P/E ratio of 18.48 and a beta of 0.88.

Sun Life Financial (NYSE:SLF – Get Free Report) (TSE:SLF) last released its earnings results on Thursday, August 6th. The financial services provider reported $1.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.07. The business had revenue of $10.10 billion during the quarter, compared to analyst estimates of $994.33 million. Sun Life Financial had a net margin of 7.66% and a return on equity of 17.96%. On average, equities analysts forecast that Sun Life Financial Inc. will post 5.72 earnings per share for the current year.

Sun Life Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Wednesday, August 26th will be paid a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend is Wednesday, August 26th. Sun Life Financial’s dividend payout ratio is currently 66.12%.

Analyst Ratings Changes

SLF has been the subject of a number of recent analyst reports. TD Cowen reaffirmed a “buy” rating on shares of Sun Life Financial in a report on Thursday, May 7th. Scotiabank restated a “sector perform” rating on shares of Sun Life Financial in a research note on Monday, August 10th. Wall Street Zen upgraded Sun Life Financial from a “sell” rating to a “hold” rating in a research note on Sunday, July 26th. Weiss Ratings raised Sun Life Financial from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday, August 11th. Finally, Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Sun Life Financial in a research report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $96.33.

Get Our Latest Research Report on Sun Life Financial

Sun Life Financial Company Profile

(Free Report)

Sun Life Financial Inc, founded in 1865 and headquartered in Toronto, Ontario, is an international financial services organization that provides a range of insurance, wealth management and asset management solutions. The company serves individual and institutional clients, offering products designed to protect against life and health risks, help clients save for retirement, and manage investments on behalf of customers and third parties.

Core business activities include life and health insurance, group benefits for employers, retirement and pension products, and wealth management services such as mutual funds and segregated fund solutions.