41,229 Shares in Sun Life Financial Inc. (NYSE:SLF) Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC purchased a new position in shares of Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 41,229 shares of the financial services provider’s stock, valued at approximately $2,138,000.

Other large investors have also recently made changes to their positions in the company. Addenda Capital Inc. boosted its stake in Sun Life Financial by 21.1% during the fourth quarter. Addenda Capital Inc. now owns 148,679 shares of the financial services provider’s stock worth $7,710,000 after buying an additional 25,886 shares during the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH acquired a new position in Sun Life Financial during the fourth quarter worth $2,299,000. Barometer Capital Management Inc. boosted its stake in Sun Life Financial by 7.2% during the third quarter. Barometer Capital Management Inc. now owns 151,850 shares of the financial services provider’s stock worth $7,410,000 after buying an additional 10,200 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Sun Life Financial by 1.4% during the third quarter. JPMorgan Chase & Co. now owns 2,897,151 shares of the financial services provider’s stock worth $141,381,000 after buying an additional 41,147 shares during the last quarter. Finally, Fiera Capital Corp boosted its stake in Sun Life Financial by 1.7% during the third quarter. Fiera Capital Corp now owns 678,865 shares of the financial services provider’s stock worth $33,214,000 after buying an additional 11,271 shares during the last quarter. 52.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group assumed coverage on Sun Life Financial in a research note on Thursday, February 22nd. They set a “buy” rating on the stock.

Sun Life Financial Stock Up 0.9 %

Shares of Sun Life Financial stock opened at $51.11 on Friday. Sun Life Financial Inc. has a 52 week low of $44.57 and a 52 week high of $55.46. The business’s fifty day simple moving average is $53.57 and its 200-day simple moving average is $51.21. The firm has a market cap of $29.77 billion, a PE ratio of 13.17, a price-to-earnings-growth ratio of 1.24 and a beta of 1.01.

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

Sun Life Financial Increases Dividend

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