HAP Trading LLC Has $997,000 Stock Holdings in Sun Life Financial Inc. $SLF

HAP Trading LLC lowered its stake in Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) by 34.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,000 shares of the financial services provider’s stock after selling 8,000 shares during the period. HAP Trading LLC’s holdings in Sun Life Financial were worth $997,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Smartleaf Asset Management LLC lifted its stake in shares of Sun Life Financial by 184.1% in the 3rd quarter. Smartleaf Asset Management LLC now owns 588 shares of the financial services provider’s stock valued at $35,000 after acquiring an additional 381 shares during the last quarter. Westside Investment Management Inc. grew its position in Sun Life Financial by 62.8% during the 2nd quarter. Westside Investment Management Inc. now owns 578 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 223 shares during the last quarter. Tobam acquired a new position in Sun Life Financial in the 2nd quarter worth about $44,000. Addison Advisors LLC increased its holdings in Sun Life Financial by 48.8% in the 2nd quarter. Addison Advisors LLC now owns 704 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 231 shares in the last quarter. Finally, MAI Capital Management raised its position in Sun Life Financial by 121.8% in the second quarter. MAI Capital Management now owns 896 shares of the financial services provider’s stock valued at $60,000 after purchasing an additional 492 shares during the last quarter. 52.26% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on SLF. Royal Bank Of Canada restated a “sector perform” rating on shares of Sun Life Financial in a report on Friday, February 13th. National Bank Financial reiterated a “sector perform” rating on shares of Sun Life Financial in a research report on Thursday, November 6th. Weiss Ratings reissued a “buy (b)” rating on shares of Sun Life Financial in a report on Wednesday, January 21st. TD Securities reaffirmed a “buy” rating on shares of Sun Life Financial in a research note on Thursday, February 12th. Finally, Barclays reiterated an “underweight” rating on shares of Sun Life Financial in a report on Thursday, January 8th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $86.50.

Sun Life Financial Price Performance

Shares of SLF stock opened at $65.47 on Thursday. The stock has a market capitalization of $36.26 billion, a PE ratio of 14.88 and a beta of 0.87. The business’s 50 day simple moving average is $64.14 and its 200 day simple moving average is $61.28. Sun Life Financial Inc. has a one year low of $52.44 and a one year high of $69.67.

Sun Life Financial (NYSE:SLF) (TSE:SLF) last released its quarterly earnings results on Wednesday, February 11th. The financial services provider reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.35 by $0.06. Sun Life Financial had a net margin of 8.48% and a return on equity of 17.76%. The firm had revenue of $973.53 million during the quarter, compared to analyst estimates of $973.53 million. During the same quarter last year, the business earned $1.68 EPS. As a group, research analysts expect that Sun Life Financial Inc. will post 5.19 earnings per share for the current year.

Sun Life Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Wednesday, February 25th will be given a dividend of $0.92 per share. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $3.68 dividend on an annualized basis and a yield of 5.6%. Sun Life Financial’s dividend payout ratio is 60.91%.

Sun Life Financial Profile

Sun Life Financial Inc, founded in 1865 and headquartered in Toronto, Ontario, is an international financial services organization that provides a range of insurance, wealth management and asset management solutions. The company serves individual and institutional clients, offering products designed to protect against life and health risks, help clients save for retirement, and manage investments on behalf of customers and third parties.

Core business activities include life and health insurance, group benefits for employers, retirement and pension products, and wealth management services such as mutual funds and segregated fund solutions.