Sun Life Financial Inc. (NYSE:SLF) Shares Acquired by Lindbrook Capital LLC

Lindbrook Capital LLC increased its holdings in Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) by 14.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,809 shares of the financial services provider’s stock after acquiring an additional 469 shares during the quarter. Lindbrook Capital LLC’s holdings in Sun Life Financial were worth $226,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Raymond James Financial Inc. acquired a new position in shares of Sun Life Financial in the fourth quarter worth about $4,074,000. Aigen Investment Management LP acquired a new position in shares of Sun Life Financial in the fourth quarter worth about $546,000. Charles Schwab Investment Management Inc. raised its stake in Sun Life Financial by 1.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,596,439 shares of the financial services provider’s stock valued at $94,743,000 after buying an additional 15,908 shares in the last quarter. Jones Financial Companies Lllp raised its stake in Sun Life Financial by 43.3% during the fourth quarter. Jones Financial Companies Lllp now owns 7,313 shares of the financial services provider’s stock valued at $434,000 after buying an additional 2,210 shares in the last quarter. Finally, Metis Global Partners LLC raised its stake in Sun Life Financial by 7.0% during the fourth quarter. Metis Global Partners LLC now owns 36,129 shares of the financial services provider’s stock valued at $2,145,000 after buying an additional 2,373 shares in the last quarter. Institutional investors and hedge funds own 52.26% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the company. StockNews.com cut Sun Life Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. National Bank Financial upgraded Sun Life Financial from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, January 15th. Finally, Cormark upgraded Sun Life Financial from a “hold” rating to a “moderate buy” rating in a research note on Thursday, February 13th. Two analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Sun Life Financial presently has a consensus rating of “Moderate Buy”.

Sun Life Financial Trading Up 0.7 %

NYSE:SLF opened at $55.62 on Friday. The firm has a market capitalization of $31.86 billion, a PE ratio of 14.48, a price-to-earnings-growth ratio of 1.52 and a beta of 1.03. The stock has a 50 day moving average of $57.45 and a 200-day moving average of $57.75. Sun Life Financial Inc. has a 52 week low of $46.41 and a 52 week high of $62.85.

Sun Life Financial (NYSE:SLF) (TSE:SLF) last posted its earnings results on Wednesday, February 12th. The financial services provider reported $1.20 EPS for the quarter, beating the consensus estimate of $0.90 by $0.30. Sun Life Financial had a return on equity of 16.86% and a net margin of 8.08%. As a group, analysts predict that Sun Life Financial Inc. will post 5.19 EPS for the current fiscal year.

Sun Life Financial Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Wednesday, February 26th will be issued a dividend of $0.5876 per share. This represents a $2.35 annualized dividend and a dividend yield of 4.23%. The ex-dividend date is Wednesday, February 26th. Sun Life Financial’s dividend payout ratio (DPR) is presently 60.16%.

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.