Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) has received a consensus recommendation of “Hold” from the fifteen research firms that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $49.00.
A number of research firms recently weighed in on SLF. Zacks Investment Research raised shares of Sun Life Financial from a “sell” rating to a “hold” rating in a research report on Thursday, June 1st. National Bank Financial reaffirmed an “outperform overweight” rating on shares of Sun Life Financial in a research report on Tuesday, May 9th. Credit Suisse Group downgraded shares of Sun Life Financial from an “outperform” rating to a “neutral” rating in a research report on Wednesday, May 10th. ValuEngine downgraded shares of Sun Life Financial from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, Scotiabank downgraded shares of Sun Life Financial from a “sector outperform” rating to a “sector perform” rating in a research report on Thursday, February 16th.
Hedge funds have recently bought and sold shares of the company. Ladenburg Thalmann Financial Services Inc. boosted its stake in Sun Life Financial by 103.1% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,789 shares of the financial services provider’s stock worth $107,000 after buying an additional 1,416 shares in the last quarter. Bronfman E.L. Rothschild L.P. boosted its stake in Sun Life Financial by 0.5% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 3,587 shares of the financial services provider’s stock worth $131,000 after buying an additional 17 shares in the last quarter. Rational Advisors LLC boosted its stake in Sun Life Financial by 14.3% in the first quarter. Rational Advisors LLC now owns 4,538 shares of the financial services provider’s stock worth $166,000 after buying an additional 567 shares in the last quarter. Tyers Asset Management LLC bought a new stake in Sun Life Financial during the fourth quarter worth about $171,000. Finally, Advisory Services Network LLC bought a new stake in Sun Life Financial during the first quarter worth about $194,000. Institutional investors own 42.78% of the company’s stock.
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Sun Life Financial (NYSE:SLF) traded up 0.47% on Tuesday, reaching $34.20. The company’s stock had a trading volume of 498,299 shares. The stock has a 50 day moving average price of $33.92 and a 200-day moving average price of $36.78. The company has a market capitalization of $20.99 billion, a price-to-earnings ratio of 11.39 and a beta of 0.89. Sun Life Financial has a 1-year low of $30.38 and a 1-year high of $40.57.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Wednesday, May 31st will be paid a dividend of $0.3164 per share. This represents a $1.27 dividend on an annualized basis and a dividend yield of 3.70%. The ex-dividend date is Friday, May 26th. Sun Life Financial’s dividend payout ratio is presently 41.23%.
About Sun Life Financial
Sun Life Financial Inc is the holding company of Sun Life Assurance Company of Canada. The Company is a financial services company providing a range of insurance, wealth and asset management solutions to individuals and corporate Clients. It operates through five segments. The Sun Life Financial Canada segment provides retail insurance and investment advice, products and services to people across Canada.
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