Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) was downgraded by research analysts at RBC Capital Markets from an “outperform” rating to a “sector perform” rating in a research note issued on Friday. They presently have a $51.00 price target on the stock, down from their prior price target of $53.00. RBC Capital Markets’ target price indicates a potential upside of 33.54% from the stock’s previous close. The analysts noted that the move was a valuation call.

SLF has been the topic of a number of other research reports. Argus cut shares of Sun Life Financial from a “buy” rating to a “hold” rating in a report on Saturday, December 31st. Canaccord Genuity cut shares of Sun Life Financial from a “buy” rating to a “hold” rating in a report on Thursday, November 17th. Credit Suisse Group began coverage on shares of Sun Life Financial in a report on Monday, November 14th. They issued an “outperform” rating on the stock. Zacks Investment Research upgraded shares of Sun Life Financial from a “sell” rating to a “hold” rating in a report on Tuesday, November 22nd. Finally, BMO Capital Markets reiterated a “hold” rating on shares of Sun Life Financial in a report on Friday, November 11th. One analyst has rated the stock with a sell rating, seven have given a hold rating and nine have assigned a buy rating to the company’s stock. Sun Life Financial currently has an average rating of “Hold” and a consensus price target of $45.67.

Analyst Recommendations for Sun Life Financial (NYSE:SLF)

Shares of Sun Life Financial (NYSE:SLF) opened at 38.19 on Friday. The company has a market cap of $23.41 billion, a PE ratio of 13.48 and a beta of 1.14. Sun Life Financial has a one year low of $27.86 and a one year high of $40.57. The firm’s 50-day moving average is $39.23 and its 200-day moving average is $35.59.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Friday, March 3rd will be issued a dividend of $0.321 per share. This is a boost from Sun Life Financial’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Wednesday, March 1st. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.36%. Sun Life Financial’s dividend payout ratio is presently 44.48%.

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A number of large investors have recently modified their holdings of SLF. Ladenburg Thalmann Financial Services Inc. boosted its stake in shares of Sun Life Financial by 103.1% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,789 shares of the company’s stock valued at $107,000 after buying an additional 1,416 shares in the last quarter. Riverhead Capital Management LLC boosted its stake in shares of Sun Life Financial by 2.9% in the third quarter. Riverhead Capital Management LLC now owns 3,600 shares of the company’s stock valued at $117,000 after buying an additional 102 shares in the last quarter. Catalyst Capital Advisors LLC bought a new stake in shares of Sun Life Financial during the third quarter valued at about $142,000. Advisory Services Network LLC boosted its stake in shares of Sun Life Financial by 0.8% in the third quarter. Advisory Services Network LLC now owns 4,991 shares of the company’s stock valued at $162,000 after buying an additional 40 shares in the last quarter. Finally, Tyers Asset Management LLC bought a new stake in shares of Sun Life Financial during the fourth quarter valued at about $171,000. Institutional investors own 44.41% of the company’s stock.

Sun Life Financial Company Profile

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.

5 Day Chart for NYSE:SLF

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