9,521 Shares in Sun Life Financial Inc. $SLF Purchased by Diversify Advisory Services LLC

Diversify Advisory Services LLC bought a new stake in Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 9,521 shares of the financial services provider’s stock, valued at approximately $790,000.

Several other institutional investors have also recently bought and sold shares of SLF. Cassaday & Co Wealth Management LLC acquired a new position in Sun Life Financial during the 1st quarter worth approximately $25,000. Cornerstone Planning Group LLC raised its holdings in shares of Sun Life Financial by 68.4% in the fourth quarter. Cornerstone Planning Group LLC now owns 411 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 167 shares during the last quarter. Brown Brothers Harriman & Co. bought a new stake in shares of Sun Life Financial in the fourth quarter worth $30,000. Sittner & Nelson LLC bought a new stake in shares of Sun Life Financial in the fourth quarter worth $33,000. Finally, Scarborough Advisors LLC acquired a new position in Sun Life Financial during the first quarter worth $33,000. Institutional investors own 52.26% of the company’s stock.

Analyst Ratings Changes

SLF has been the subject of a number of analyst reports. BMO Capital Markets reaffirmed an “outperform” rating on shares of Sun Life Financial in a research report on Friday, May 8th. Royal Bank Of Canada boosted their price target on shares of Sun Life Financial from $98.00 to $119.00 and gave the stock a “sector perform” rating in a research report on Monday, August 10th. Evercore downgraded shares of Sun Life Financial from an “outperform” rating to an “in-line” rating in a research note on Monday, July 13th. Barclays reaffirmed an “underweight” rating on shares of Sun Life Financial in a research report on Friday, August 7th. Finally, TD Cowen reiterated a “buy” rating on shares of Sun Life Financial in a report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Sun Life Financial presently has an average rating of “Moderate Buy” and a consensus price target of $96.33.

Sun Life Financial Stock Down 1.6%

Shares of NYSE SLF opened at $78.25 on Friday. The business’s 50 day moving average price is $80.16 and its two-hundred day moving average price is $72.12. The company has a market cap of $43.61 billion, a PE ratio of 18.29 and a beta of 0.88. Sun Life Financial Inc. has a twelve month low of $57.22 and a twelve month high of $84.38.

Sun Life Financial (NYSE:SLF) (TSE:SLF) last released its quarterly earnings data on Thursday, August 6th. The financial services provider reported $1.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.39 by $0.07. Sun Life Financial had a return on equity of 17.96% and a net margin of 7.66%.The company had revenue of $10.10 billion during the quarter, compared to analysts’ expectations of $994.33 million. As a group, research analysts anticipate that Sun Life Financial Inc. will post 5.72 EPS for the current fiscal year.

Sun Life Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Wednesday, August 26th will be issued a dividend of $0.96 per share. The ex-dividend date of this dividend is Wednesday, August 26th. This represents a $3.84 annualized dividend and a yield of 4.9%. Sun Life Financial’s dividend payout ratio (DPR) is currently 66.12%.

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.