Sun Life Financial Inc. (NYSE:SLF) gapped up before the market opened on Thursday . The stock had previously closed at $32.10, but opened at $32.31. Sun Life Financial shares last traded at $33.07, with a volume of 280,012 shares changing hands.

A number of research firms have recently issued reports on SLF. BMO Capital Markets reiterated a “hold” rating and set a $45.00 price target on shares of Sun Life Financial in a research report on Thursday, May 12th. TD Securities reiterated a “buy” rating and set a $47.00 price target (up from $46.00) on shares of Sun Life Financial in a research report on Friday, May 13th. Zacks Investment Research downgraded shares of Sun Life Financial from a “buy” rating to a “hold” rating in a research report on Tuesday. Credit Suisse Group AG reiterated an “outperform” rating and set a $41.00 price target (up from $38.00) on shares of Sun Life Financial in a research report on Thursday, March 31st. Finally, Desjardins reiterated a “buy” rating and set a $48.00 price target (up from $47.00) on shares of Sun Life Financial in a research report on Friday, May 13th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $45.00.

The company has a 50 day moving average of $33.35 and a 200-day moving average of $31.53. The stock has a market capitalization of $20.17 billion and a PE ratio of 11.53.

Sun Life Financial (NYSE:SLF) last posted its earnings results on Tuesday, May 10th. The company reported $0.95 EPS for the quarter, topping the consensus estimate of $0.91 by $0.04. The firm earned $6.43 billion during the quarter. The company’s revenue was up 19.8% compared to the same quarter last year. During the same period last year, the business posted $0.73 EPS. Equities analysts anticipate that Sun Life Financial Inc. will post $3.79 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Wednesday, June 1st were paid a $0.3151 dividend. This represents a $1.26 dividend on an annualized basis and a dividend yield of 3.83%. This is an increase from Sun Life Financial’s previous quarterly dividend of $0.28. The ex-dividend date was Monday, May 30th.

Several hedge funds recently modified their holdings of SLF. Comerica Bank raised its stake in shares of Sun Life Financial by 3.6% in the fourth quarter. Comerica Bank now owns 40,544 shares of the company’s stock worth $1,147,000 after buying an additional 1,422 shares in the last quarter. Gamco Investors INC. ET AL bought a new stake in shares of Sun Life Financial during the fourth quarter worth $1,373,000. Oxford Asset Management raised its stake in shares of Sun Life Financial by 63.9% in the fourth quarter. Oxford Asset Management now owns 58,266 shares of the company’s stock worth $1,845,000 after buying an additional 22,715 shares in the last quarter. Gulf International Bank UK Ltd raised its stake in shares of Sun Life Financial by 3.1% in the fourth quarter. Gulf International Bank UK Ltd now owns 179,119 shares of the company’s stock worth $5,589,000 after buying an additional 5,390 shares in the last quarter. Finally, Todd Asset Management LLC raised its stake in shares of Sun Life Financial by 799.3% in the fourth quarter. Todd Asset Management LLC now owns 452,098 shares of the company’s stock worth $14,105,000 after buying an additional 401,828 shares in the last quarter.

Sun Life Financial Inc is the holding company of Sun Life Assurance Company of Canada. The Company is a financial services organization providing a range of protection and wealth products and services. It operates in five segments: Sun Life Financial Canada (SLF Canada), Sun Life Financial United States (SLF U.S.), Sun Life Financial Asset Management (SLF Asset Management), Sun Life Financial Asia (SLF Asia) and Corporate.

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