Sun Life Financial Inc. $SLF Position Increased by Todd Asset Management LLC

Todd Asset Management LLC boosted its stake in shares of Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) by 5.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 671,520 shares of the financial services provider’s stock after purchasing an additional 36,204 shares during the quarter. Todd Asset Management LLC owned approximately 0.12% of Sun Life Financial worth $40,312,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Private Trust Co. NA boosted its holdings in shares of Sun Life Financial by 130.6% during the second quarter. Private Trust Co. NA now owns 429 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 243 shares during the period. Smartleaf Asset Management LLC boosted its stake in Sun Life Financial by 184.1% during the 3rd quarter. Smartleaf Asset Management LLC now owns 588 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 381 shares during the period. Westside Investment Management Inc. grew its position in Sun Life Financial by 62.8% in the 2nd quarter. Westside Investment Management Inc. now owns 578 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 223 shares during the last quarter. Tobam acquired a new stake in shares of Sun Life Financial in the second quarter valued at approximately $44,000. Finally, Addison Advisors LLC raised its holdings in shares of Sun Life Financial by 48.8% during the second quarter. Addison Advisors LLC now owns 704 shares of the financial services provider’s stock valued at $47,000 after buying an additional 231 shares during the last quarter. 52.26% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on SLF. Scotiabank reissued a “sector perform” rating on shares of Sun Life Financial in a report on Thursday, February 5th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Sun Life Financial in a report on Friday. Barclays reaffirmed an “underweight” rating on shares of Sun Life Financial in a report on Thursday, January 8th. National Bank Financial reissued a “sector perform” rating on shares of Sun Life Financial in a research note on Thursday, November 6th. Finally, TD Securities restated a “buy” rating on shares of Sun Life Financial in a research report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $86.50.

Sun Life Financial Stock Up 0.3%

Shares of SLF stock opened at $68.96 on Monday. The stock has a 50-day simple moving average of $62.82 and a 200 day simple moving average of $60.70. The stock has a market capitalization of $38.20 billion, a P/E ratio of 15.67 and a beta of 0.88. Sun Life Financial Inc. has a fifty-two week low of $52.44 and a fifty-two week high of $69.67.

Sun Life Financial (NYSE:SLF) (TSE:SLF) last issued its quarterly earnings results on Wednesday, February 11th. The financial services provider reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.06. Sun Life Financial had a net margin of 8.48% and a return on equity of 17.76%. The company had revenue of $973.53 million during the quarter, compared to the consensus estimate of $973.53 million. During the same period in the prior year, the company earned $1.68 EPS. On average, sell-side analysts anticipate that Sun Life Financial Inc. will post 5.19 earnings per share for the current year.

Sun Life Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Wednesday, February 25th will be paid a dividend of $0.92 per share. The ex-dividend date of this dividend is Wednesday, February 25th. This represents a $3.68 annualized dividend and a yield of 5.3%. Sun Life Financial’s dividend payout ratio is currently 59.55%.

About Sun Life Financial

Sun Life Financial Inc, founded in 1865 and headquartered in Toronto, Ontario, is an international financial services organization that provides a range of insurance, wealth management and asset management solutions. The company serves individual and institutional clients, offering products designed to protect against life and health risks, help clients save for retirement, and manage investments on behalf of customers and third parties.

Core business activities include life and health insurance, group benefits for employers, retirement and pension products, and wealth management services such as mutual funds and segregated fund solutions.