Sun Life Financial Inc. (NYSE:SLF) Shares Bought by JustInvest LLC

JustInvest LLC grew its position in shares of Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) by 20.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,243 shares of the financial services provider’s stock after acquiring an additional 1,225 shares during the quarter. JustInvest LLC’s holdings in Sun Life Financial were worth $373,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Total Clarity Wealth Management Inc. acquired a new stake in shares of Sun Life Financial in the third quarter valued at about $26,000. Eubel Brady & Suttman Asset Management Inc. acquired a new stake in shares of Sun Life Financial in the second quarter valued at about $35,000. Asset Dedication LLC grew its stake in shares of Sun Life Financial by 70.3% in the third quarter. Asset Dedication LLC now owns 787 shares of the financial services provider’s stock valued at $41,000 after buying an additional 325 shares in the last quarter. Huntington National Bank grew its stake in shares of Sun Life Financial by 7.6% in the third quarter. Huntington National Bank now owns 2,528 shares of the financial services provider’s stock valued at $130,000 after buying an additional 179 shares in the last quarter. Finally, Whittier Trust Co. purchased a new position in Sun Life Financial in the third quarter valued at about $144,000. Institutional investors own 46.88% of the company’s stock.

Shares of NYSE SLF opened at $57.50 on Friday. The company has a market cap of $33.70 billion, a price-to-earnings ratio of 11.86, a price-to-earnings-growth ratio of 1.23 and a beta of 1.04. Sun Life Financial Inc. has a 12-month low of $45.84 and a 12-month high of $57.93. The stock’s 50 day simple moving average is $55.16 and its 200 day simple moving average is $53.54.

Sun Life Financial (NYSE:SLF) (TSE:SLF) last announced its quarterly earnings results on Wednesday, November 3rd. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.03. The business had revenue of $6.76 billion for the quarter. Sun Life Financial had a return on equity of 14.10% and a net margin of 10.69%. Equities research analysts forecast that Sun Life Financial Inc. will post 4.74 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, December 31st. Investors of record on Wednesday, November 24th were given a $0.444 dividend. This is a boost from Sun Life Financial’s previous quarterly dividend of $0.44. This represents a $1.78 annualized dividend and a yield of 3.09%. The ex-dividend date of this dividend was Tuesday, November 23rd. Sun Life Financial’s dividend payout ratio (DPR) is currently 43.92%.

A number of research analysts recently commented on SLF shares. increased their price target on Sun Life Financial from C$75.00 to C$79.50 and gave the company a “buy” rating in a report on Friday, November 5th. National Bank Financial increased their price target on Sun Life Financial from C$71.00 to C$73.00 and gave the company an “outperform” rating in a report on Tuesday, October 5th. CIBC increased their price target on Sun Life Financial from C$74.00 to C$81.00 and gave the company an “outperform” rating in a report on Friday, November 5th. BMO Capital Markets increased their price target on Sun Life Financial from C$75.00 to C$76.00 and gave the company an “outperform” rating in a report on Tuesday, October 5th. Finally, Royal Bank of Canada increased their target price on Sun Life Financial from C$71.00 to C$74.00 and gave the stock a “sector perform” rating in a report on Friday, November 5th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $72.95.

Sun Life Financial Company Profile

Sun Life Financial, Inc operates as a holding company. The firm engages in the provision of financial services. It operates through the following segments: Sun Life Financial Canada, Sun Life Financial United States, Sun Life Financial Asset Management, Sun Life Financial Asia, and Corporate. The Sun Life Financial Canada segment offers individual insurance and wealth, and group benefits and retirement services.

See Also: Beta

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

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