Tyler Stone Wealth Management Has $1.01 Million Stock Position in Sun Life Financial Inc. (NYSE:SLF)

Tyler Stone Wealth Management raised its holdings in shares of Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) by 100.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 17,454 shares of the financial services provider’s stock after buying an additional 8,727 shares during the quarter. Tyler Stone Wealth Management’s holdings in Sun Life Financial were worth $1,013,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Toronto Dominion Bank raised its stake in Sun Life Financial by 42.8% during the 1st quarter. Toronto Dominion Bank now owns 6,642,564 shares of the financial services provider’s stock valued at $362,551,000 after purchasing an additional 1,991,360 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Sun Life Financial by 13.9% in the second quarter. The Manufacturers Life Insurance Company now owns 8,601,980 shares of the financial services provider’s stock valued at $421,167,000 after buying an additional 1,049,244 shares during the period. CIBC Asset Management Inc lifted its stake in shares of Sun Life Financial by 16.5% in the second quarter. CIBC Asset Management Inc now owns 6,407,407 shares of the financial services provider’s stock valued at $313,976,000 after buying an additional 905,679 shares during the period. Intact Investment Management Inc. grew its position in Sun Life Financial by 423.9% during the second quarter. Intact Investment Management Inc. now owns 1,017,964 shares of the financial services provider’s stock worth $49,909,000 after buying an additional 823,670 shares in the last quarter. Finally, AGF Management Ltd. increased its stake in Sun Life Financial by 46.5% during the second quarter. AGF Management Ltd. now owns 2,513,349 shares of the financial services provider’s stock valued at $135,816,000 after acquiring an additional 797,901 shares during the period. 52.26% of the stock is owned by institutional investors.

Sun Life Financial Trading Down 0.6 %

NYSE SLF traded down $0.37 on Friday, reaching $59.23. The company’s stock had a trading volume of 430,723 shares, compared to its average volume of 479,747. Sun Life Financial Inc. has a 52 week low of $46.41 and a 52 week high of $59.81. The firm has a market cap of $37.32 billion, a PE ratio of 13.19, a price-to-earnings-growth ratio of 1.53 and a beta of 1.01. The business has a 50-day moving average price of $56.82 and a 200 day moving average price of $52.59.

Sun Life Financial (NYSE:SLF) (TSE:SLF) last released its quarterly earnings data on Monday, August 12th. The financial services provider reported $1.25 earnings per share for the quarter, beating the consensus estimate of $1.18 by $0.07. The company had revenue of $6.52 billion for the quarter, compared to analyst estimates of $6.72 billion. Sun Life Financial had a return on equity of 17.44% and a net margin of 7.32%. Analysts anticipate that Sun Life Financial Inc. will post 4.85 earnings per share for the current fiscal year.

Sun Life Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Wednesday, November 27th will be paid a dividend of $0.621 per share. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.59. This represents a $2.48 annualized dividend and a yield of 4.19%. The ex-dividend date is Wednesday, November 27th. Sun Life Financial’s dividend payout ratio is currently 52.34%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. StockNews.com raised Sun Life Financial from a “hold” rating to a “buy” rating in a report on Wednesday. Barclays began coverage on Sun Life Financial in a research report on Thursday, September 5th. They issued an “equal weight” rating for the company.

Sun Life Financial Profile

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.