Human Investing LLC Invests $26,000 in Sun Life Financial Inc. (NYSE:SLF)

Human Investing LLC bought a new stake in Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 440 shares of the financial services provider’s stock, valued at approximately $26,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of SLF. Assenagon Asset Management S.A. boosted its holdings in shares of Sun Life Financial by 0.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 62,589 shares of the financial services provider’s stock valued at $3,635,000 after acquiring an additional 200 shares during the last quarter. Triasima Portfolio Management inc. grew its position in Sun Life Financial by 0.5% during the 4th quarter. Triasima Portfolio Management inc. now owns 47,900 shares of the financial services provider’s stock worth $2,843,000 after purchasing an additional 250 shares during the period. Five Oceans Advisors raised its stake in shares of Sun Life Financial by 8.1% during the 4th quarter. Five Oceans Advisors now owns 3,875 shares of the financial services provider’s stock valued at $230,000 after buying an additional 292 shares during the last quarter. State Street Corp lifted its holdings in shares of Sun Life Financial by 0.8% in the 3rd quarter. State Street Corp now owns 39,478 shares of the financial services provider’s stock valued at $2,291,000 after buying an additional 330 shares during the period. Finally, Addison Advisors LLC boosted its stake in shares of Sun Life Financial by 124.9% in the third quarter. Addison Advisors LLC now owns 650 shares of the financial services provider’s stock worth $38,000 after buying an additional 361 shares during the last quarter. Institutional investors and hedge funds own 52.26% of the company’s stock.

Sun Life Financial Trading Down 0.2 %

Shares of SLF opened at $55.17 on Tuesday. The firm has a market cap of $34.65 billion, a P/E ratio of 12.29, a PEG ratio of 1.61 and a beta of 1.03. The stock’s 50 day moving average is $58.78 and its two-hundred day moving average is $57.23. Sun Life Financial Inc. has a 12 month low of $46.41 and a 12 month high of $62.85.

Sun Life Financial (NYSE:SLF) (TSE:SLF) last posted its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $1.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.90 by $0.30. Sun Life Financial had a net margin of 7.32% and a return on equity of 17.44%. Equities research analysts forecast that Sun Life Financial Inc. will post 4.76 EPS for the current year.

Sun Life Financial Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Wednesday, February 26th will be issued a $0.5876 dividend. This represents a $2.35 annualized dividend and a yield of 4.26%. The ex-dividend date of this dividend is Wednesday, February 26th. Sun Life Financial’s payout ratio is 57.46%.

Analysts Set New Price Targets

A number of research analysts have issued reports on SLF shares. StockNews.com downgraded Sun Life Financial from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. National Bank Financial raised shares of Sun Life Financial from a “sector perform” rating to an “outperform” rating in a report on Wednesday, January 15th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy”.

Sun Life Financial Company 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.