Signaturefd LLC Purchases 414 Shares of Sun Life Financial Inc. (NYSE:SLF)

Signaturefd LLC lifted its position in shares of Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) by 1.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,365 shares of the financial services provider’s stock after acquiring an additional 414 shares during the quarter. Signaturefd LLC’s holdings in Sun Life Financial were worth $1,160,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Money Concepts Capital Corp acquired a new stake in shares of Sun Life Financial during the fourth quarter valued at about $26,000. Achmea Investment Management B.V. acquired a new stake in Sun Life Financial during the 1st quarter worth approximately $32,000. IFP Advisors Inc boosted its position in Sun Life Financial by 166.9% during the 2nd quarter. IFP Advisors Inc now owns 678 shares of the financial services provider’s stock worth $35,000 after buying an additional 424 shares during the period. Headinvest LLC bought a new stake in Sun Life Financial during the 3rd quarter worth approximately $39,000. Finally, RIA Advisory Group LLC acquired a new position in Sun Life Financial in the 4th quarter valued at approximately $39,000. Institutional investors own 52.26% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group assumed coverage on shares of Sun Life Financial in a report on Thursday, February 22nd. They set a “buy” rating on the stock.

Sun Life Financial Price Performance

Sun Life Financial stock opened at $51.11 on Monday. The firm has a market cap of $29.77 billion, a P/E ratio of 13.17, a P/E/G ratio of 1.26 and a beta of 1.01. The stock’s 50 day moving average is $53.57 and its 200 day moving average is $51.27. Sun Life Financial Inc. has a one year low of $44.57 and a one year high of $55.46.

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 the consensus estimate of $1.17 by $0.06. Sun Life Financial had a return on equity of 17.30% and a net margin of 7.79%. The company had revenue of $13.73 billion during the quarter. Equities analysts anticipate that Sun Life Financial Inc. will post 5.06 earnings per share for the current fiscal year.

Sun Life Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Wednesday, February 28th were given a dividend of $0.581 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 4.55%. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.56. The ex-dividend date of this dividend was Tuesday, February 27th. 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.