Shares of Sun Life Financial Inc. (NYSE:SLF) gapped up prior to trading 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.

A number of analysts recently commented on SLF shares. Argus reaffirmed a “buy” rating and issued a $37.00 price target on shares of Sun Life Financial in a research note on Thursday, June 16th. National Bank Financial reaffirmed an “outperform” rating and issued a $47.00 price target (up previously from $44.00) on shares of Sun Life Financial in a research note on Wednesday, May 25th. Zacks Investment Research raised Sun Life Financial from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a research note on Thursday, May 12th. Scotiabank reaffirmed an “outperform” rating and issued a $49.00 price target (up previously from $48.00) on shares of Sun Life Financial in a research note on Friday, May 13th. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $46.00 price target (up previously from $45.00) on shares of Sun Life Financial in a research note on Saturday, May 14th. Four investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $45.00.

The firm’s 50-day moving average is $33.29 and its 200 day moving average is $31.54. The company has a market capitalization of $20.13 billion and a PE ratio of 11.62.

Sun Life Financial (NYSE:SLF) last released its earnings results on Tuesday, May 10th. The company reported $0.95 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.04. The company had revenue of $6.43 billion for the quarter. During the same quarter in the prior year, the company posted $0.73 earnings per share. The business’s revenue was up 19.8% on a year-over-year basis. Analysts anticipate that Sun Life Financial Inc. will post $3.79 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Wednesday, June 1st were given a dividend of $0.3151 per share. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.28. This represents a $1.26 annualized dividend and a dividend yield of 3.84%. The ex-dividend date was Monday, May 30th.

Other institutional investors recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Sun Life Financial by 8.0% in the fourth quarter. Vanguard Group Inc. now owns 8,681,261 shares of the company’s stock valued at $270,855,000 after buying an additional 641,762 shares in the last quarter. BHF Kleinwort Benson Group S.A. increased its position in shares of Sun Life Financial by 0.8% in the fourth quarter. BHF Kleinwort Benson Group S.A. now owns 750,390 shares of the company’s stock valued at $32,379,000 after buying an additional 6,106 shares during the period. Morgan Stanley increased its position in shares of Sun Life Financial by 15.1% in the fourth quarter. Morgan Stanley now owns 700,801 shares of the company’s stock valued at $21,865,000 after buying an additional 92,183 shares during the period. State of Wisconsin Investment Board increased its position in shares of Sun Life Financial by 111.0% in the fourth quarter. State of Wisconsin Investment Board now owns 662,756 shares of the company’s stock valued at $20,587,000 after buying an additional 348,600 shares during the period. Finally, Todd Asset Management LLC increased its position 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 valued at $14,105,000 after buying an additional 401,828 shares during the period.

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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