Sanctuary Advisors LLC bought a new position in Sun Life Financial Inc. (NYSE:SLF - Free Report) TSE: SLF in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 14,350 shares of the financial services provider's stock, valued at approximately $878,000.
Other institutional investors have also bought and sold shares of the company. Assetmark Inc. boosted its stake in shares of Sun Life Financial by 2,747.4% in the third quarter. Assetmark Inc. now owns 541 shares of the financial services provider's stock worth $31,000 after acquiring an additional 522 shares during the period. Addison Advisors LLC raised its position in shares of Sun Life Financial by 124.9% during the third quarter. Addison Advisors LLC now owns 650 shares of the financial services provider's stock valued at $38,000 after buying an additional 361 shares during the last quarter. Ridgewood Investments LLC purchased a new position in shares of Sun Life Financial in the second quarter worth $39,000. Clean Yield Group bought a new position in shares of Sun Life Financial during the third quarter worth $39,000. Finally, Fairfield Financial Advisors LTD purchased a new position in Sun Life Financial during the second quarter valued at $43,000. Hedge funds and other institutional investors own 52.26% of the company's stock.
A number of research analysts have recently weighed in on the company. Barclays initiated coverage on Sun Life Financial in a research report on Thursday, September 5th. They set an "equal weight" rating for the company. StockNews.com lowered shares of Sun Life Financial from a "buy" rating to a "hold" rating in a report on Tuesday, November 19th.
View Our Latest Research Report on Sun Life Financial
Shares of SLF stock opened at $58.92 on Monday. The company has a market cap of $33.92 billion, a PE ratio of 13.12, a price-to-earnings-growth ratio of 1.55 and a beta of 1.03. The stock's 50 day simple moving average is $59.26 and its two-hundred day simple moving average is $54.58. Sun Life Financial Inc. has a 1 year low of $46.41 and a 1 year high of $62.85.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Wednesday, November 27th will be given a dividend of $0.621 per share. This is a boost from Sun Life Financial's previous quarterly dividend of $0.59. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $2.48 dividend on an annualized basis and a yield of 4.22%. Sun Life Financial's payout ratio is 55.23%.
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.
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