Syon Capital LLC Grows Stock Holdings in Sun Life Financial Inc. (NYSE:SLF)

Syon Capital LLC boosted its holdings in Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) by 48.5% in the 4th quarter, HoldingsChannel reports. The firm owned 7,223 shares of the financial services provider’s stock after purchasing an additional 2,358 shares during the quarter. Syon Capital LLC’s holdings in Sun Life Financial were worth $375,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of SLF. Lorne Steinberg Wealth Management Inc. grew its holdings in shares of Sun Life Financial by 2.6% in the fourth quarter. Lorne Steinberg Wealth Management Inc. now owns 106,878 shares of the financial services provider’s stock valued at $5,544,000 after purchasing an additional 2,757 shares in the last quarter. Duality Advisers LP bought a new position in shares of Sun Life Financial during the 4th quarter worth $2,885,000. Signaturefd LLC increased its position in Sun Life Financial by 1.9% during the 4th quarter. Signaturefd LLC now owns 22,365 shares of the financial services provider’s stock valued at $1,160,000 after purchasing an additional 414 shares during the period. RIA Advisory Group LLC purchased a new position in Sun Life Financial during the fourth quarter valued at approximately $39,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Sun Life Financial by 7.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 423,044 shares of the financial services provider’s stock valued at $22,047,000 after acquiring an additional 29,144 shares during the period. 52.26% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Jefferies Financial Group started coverage on shares of Sun Life Financial in a research note on Thursday, February 22nd. They set a “buy” rating for the company.

Sun Life Financial Trading Up 0.8 %

NYSE SLF opened at $51.71 on Friday. Sun Life Financial Inc. has a 12-month low of $44.57 and a 12-month high of $55.46. The company has a fifty day simple moving average of $53.44 and a two-hundred day simple moving average of $51.35. The stock has a market cap of $30.12 billion, a P/E ratio of 13.33, a P/E/G ratio of 1.27 and a beta of 1.01.

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

Sun Life Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Wednesday, February 28th were paid a $0.581 dividend. This is an increase from Sun Life Financial’s previous quarterly dividend of $0.56. The ex-dividend date was Tuesday, February 27th. This represents a $2.32 dividend on an annualized basis and a dividend yield of 4.49%. Sun Life Financial’s dividend payout ratio is presently 59.79%.

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.