QS Investors LLC Has $192,000 Position in Sun Life Financial Inc (SLF)

QS Investors LLC boosted its holdings in Sun Life Financial Inc (NYSE:SLF) (TSE:SLF) by 902.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,776 shares of the financial services provider’s stock after acquiring an additional 5,200 shares during the quarter. QS Investors LLC’s holdings in Sun Life Financial were worth $192,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Private Advisor Group LLC bought a new position in shares of Sun Life Financial in the third quarter valued at approximately $305,000. Comerica Bank lifted its holdings in shares of Sun Life Financial by 4.2% in the third quarter. Comerica Bank now owns 43,980 shares of the financial services provider’s stock valued at $1,648,000 after purchasing an additional 1,771 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in Sun Life Financial by 2.0% during the third quarter. Wells Fargo & Company MN now owns 121,512 shares of the financial services provider’s stock worth $4,831,000 after acquiring an additional 2,398 shares during the period. JPMorgan Chase & Co. lifted its holdings in Sun Life Financial by 285.9% during the third quarter. JPMorgan Chase & Co. now owns 1,119,946 shares of the financial services provider’s stock worth $44,529,000 after acquiring an additional 829,711 shares during the period. Finally, Alliancebernstein L.P. lifted its holdings in Sun Life Financial by 14.9% during the third quarter. Alliancebernstein L.P. now owns 87,163 shares of the financial services provider’s stock worth $3,466,000 after acquiring an additional 11,277 shares during the period. 41.21% of the stock is currently owned by institutional investors and hedge funds.

Shares of NYSE SLF opened at $37.45 on Monday. The firm has a market capitalization of $22.41 billion, a PE ratio of 9.99 and a beta of 0.86. Sun Life Financial Inc has a fifty-two week low of $31.49 and a fifty-two week high of $43.99.



Sun Life Financial (NYSE:SLF) (TSE:SLF) last posted its earnings results on Wednesday, February 13th. The financial services provider reported $1.19 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.32. Sun Life Financial had a return on equity of 13.83% and a net margin of 9.71%. The business had revenue of $8.18 billion during the quarter, compared to analysts’ expectations of $6.28 billion. During the same period in the previous year, the business earned $1.05 earnings per share. The firm’s revenue was down 5.4% on a year-over-year basis. As a group, analysts anticipate that Sun Life Financial Inc will post 3.77 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 1st will be given a dividend of $0.381 per share. This represents a $1.52 annualized dividend and a yield of 4.07%. This is a boost from Sun Life Financial’s previous quarterly dividend of $0.38. The ex-dividend date is Thursday, February 28th. Sun Life Financial’s payout ratio is presently 40.53%.

SLF has been the subject of a number of recent research reports. CIBC reissued an “average” rating and issued a $53.00 target price on shares of Sun Life Financial in a research report on Thursday, December 20th. Argus upgraded Sun Life Financial from a “hold” rating to a “buy” rating in a research report on Monday, December 31st. They noted that the move was a valuation call. Canaccord Genuity reiterated a “hold” rating on shares of Sun Life Financial in a research report on Tuesday, February 5th. ValuEngine upgraded Sun Life Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, March 20th. Finally, Scotiabank reiterated a “hold” rating and issued a $54.00 price target on shares of Sun Life Financial in a research report on Wednesday, February 20th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $52.20.

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Sun Life Financial Company Profile

Sun Life Financial Inc, a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients worldwide. The company operates through five segments: Sun Life Financial Canada, Sun Life Financial United States, Sun Life Financial Asset Management, Sun Life Financial Asia, and Corporate.

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

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