PCJ Investment Counsel Ltd. Has $1.90 Million Stake in Sun Life Financial Inc. (NYSE:SLF)

PCJ Investment Counsel Ltd. decreased its position in Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) by 4.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,720 shares of the financial services provider’s stock after selling 1,460 shares during the quarter. PCJ Investment Counsel Ltd.’s holdings in Sun Life Financial were worth $1,898,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in SLF. 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 valued at $31,000 after buying an additional 522 shares during the period. GAMMA Investing LLC boosted its stake in shares of Sun Life Financial by 6,244.4% in the second quarter. GAMMA Investing LLC now owns 571 shares of the financial services provider’s stock valued at $28,000 after buying an additional 562 shares during the period. 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 valued at $38,000 after buying an additional 361 shares during the period. Clean Yield Group bought a new stake in shares of Sun Life Financial in the third quarter valued at approximately $39,000. Finally, Ridgewood Investments LLC bought a new stake in shares of Sun Life Financial in the second quarter valued at approximately $39,000. Institutional investors and hedge funds own 52.26% of the company’s stock.

Sun Life Financial Price Performance

NYSE SLF opened at $60.35 on Wednesday. The business has a fifty day moving average price of $57.57 and a two-hundred day moving average price of $53.02. Sun Life Financial Inc. has a fifty-two week low of $46.41 and a fifty-two week high of $61.61. The stock has a market capitalization of $38.03 billion, a PE ratio of 13.44, a PEG ratio of 1.55 and a beta of 1.01.

Sun Life Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Wednesday, November 27th will be paid a dividend of $0.621 per share. The ex-dividend date is Wednesday, November 27th. This is a boost from Sun Life Financial’s previous quarterly dividend of $0.59. This represents a $2.48 annualized dividend and a yield of 4.12%. Sun Life Financial’s dividend payout ratio is presently 52.34%.

Analyst Ratings Changes

SLF has been the subject of several recent research reports. Barclays initiated coverage on Sun Life Financial in a research note on Thursday, September 5th. They issued an “equal weight” rating for the company. StockNews.com cut Sun Life Financial from a “buy” rating to a “hold” rating in a research note on Tuesday.

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.