3,440 Shares in Sun Life Financial Inc. (NYSE:SLF) Acquired by Grimes & Company Inc.

Grimes & Company Inc. bought a new position in Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 3,440 shares of the financial services provider’s stock, valued at approximately $204,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Brighton Jones LLC purchased a new stake in Sun Life Financial during the 4th quarter valued at $244,000. Cardinal Capital Management Inc. raised its position in Sun Life Financial by 29.1% during the 4th quarter. Cardinal Capital Management Inc. now owns 1,123,354 shares of the financial services provider’s stock valued at $66,550,000 after purchasing an additional 253,488 shares during the last quarter. Janney Montgomery Scott LLC raised its position in Sun Life Financial by 13.3% during the 4th quarter. Janney Montgomery Scott LLC now owns 7,622 shares of the financial services provider’s stock valued at $452,000 after purchasing an additional 893 shares during the last quarter. SG Americas Securities LLC purchased a new position in Sun Life Financial during the 4th quarter valued at $127,000. Finally, Atomi Financial Group Inc. purchased a new position in Sun Life Financial during the 4th quarter valued at $240,000. 52.26% of the stock is currently owned by institutional investors.

Sun Life Financial Price Performance

NYSE:SLF opened at $58.49 on Monday. The firm’s 50-day moving average price is $59.80 and its 200-day moving average price is $56.34. The company has a market capitalization of $33.57 billion, a PE ratio of 13.03, a P/E/G ratio of 1.58 and a beta of 1.03. Sun Life Financial Inc. has a 1-year low of $46.41 and a 1-year high of $62.85.

Sun Life Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Wednesday, November 27th were issued a dividend of $0.621 per share. This represents a $2.48 annualized dividend and a dividend yield of 4.25%. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.59. The ex-dividend date was Wednesday, November 27th. Sun Life Financial’s dividend payout ratio (DPR) is presently 57.46%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on SLF shares. National Bank Financial raised shares of Sun Life Financial from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, January 15th. StockNews.com downgraded Sun Life Financial from a “buy” rating to a “hold” rating in a report on Tuesday, November 19th. Two equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Sun Life Financial currently has a consensus rating of “Moderate Buy”.

About Sun Life Financial

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.