Baader Bank Aktiengesellschaft Takes Position in Sun Life Financial Inc. (NYSE:SLF)

Baader Bank Aktiengesellschaft purchased a new position in shares of Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 3,412 shares of the financial services provider’s stock, valued at approximately $202,000.

Other institutional investors have also recently made changes to their positions in the company. National Bank of Canada FI lifted its position in Sun Life Financial by 28.2% in the third quarter. National Bank of Canada FI now owns 5,837,298 shares of the financial services provider’s stock valued at $338,621,000 after buying an additional 1,284,556 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in shares of Sun Life Financial by 7.6% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 9,256,384 shares of the financial services provider’s stock worth $537,288,000 after acquiring an additional 654,404 shares during the last quarter. FMR LLC boosted its position in shares of Sun Life Financial by 5.2% during the 3rd quarter. FMR LLC now owns 5,189,939 shares of the financial services provider’s stock worth $301,047,000 after purchasing an additional 257,178 shares during the period. Cardinal Capital Management Inc. increased its holdings in Sun Life Financial by 29.1% in the 4th quarter. Cardinal Capital Management Inc. now owns 1,123,354 shares of the financial services provider’s stock valued at $66,550,000 after purchasing an additional 253,488 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Sun Life Financial by 8.5% in the third quarter. Geode Capital Management LLC now owns 2,654,586 shares of the financial services provider’s stock valued at $156,127,000 after purchasing an additional 207,832 shares during the period. Hedge funds and other institutional investors own 52.26% of the company’s stock.

Sun Life Financial Stock Up 0.1 %

Shares of SLF stock opened at $57.74 on Friday. Sun Life Financial Inc. has a 52 week low of $46.41 and a 52 week high of $62.85. The firm has a 50 day moving average of $59.61 and a two-hundred day moving average of $56.53. The stock has a market capitalization of $33.13 billion, a PE ratio of 12.86, a P/E/G ratio of 1.60 and a beta of 1.03.

Sun Life Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Wednesday, November 27th were paid a dividend of $0.621 per share. This represents a $2.48 annualized dividend and a yield of 4.30%. This is a boost from Sun Life Financial’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend was Wednesday, November 27th. Sun Life Financial’s payout ratio is presently 57.46%.

Analysts Set New Price Targets

Several research analysts have recently commented on SLF shares. StockNews.com upgraded Sun Life Financial from a “hold” rating to a “buy” rating in a research report on Monday, January 27th. National Bank Financial raised Sun Life Financial from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, January 15th. One analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Buy”.

Sun Life Financial Company Profile

Sun Life Financial Inc, a financial services company, provides savings, retirement, and pension products worldwide. The company operates in five segments: Asset Management, Canada, U.S., Asia, and Corporate. It offers various insurance products, such as term and permanent life; personal health, which includes prescription drugs, dental, and vision care; critical illness; long-term care; and disability, as well as reinsurance.