Sun Life Financial (NYSE:SLF) Hits New 1-Year High at $53.30

Sun Life Financial Inc. (NYSE:SLFGet Free Report) (TSE:SLF) shares reached a new 52-week high during trading on Monday . The company traded as high as $53.30 and last traded at $53.16, with a volume of 114338 shares trading hands. The stock had previously closed at $53.09.

Sun Life Financial Price Performance

The company has a market capitalization of $30.92 billion, a P/E ratio of 13.66, a price-to-earnings-growth ratio of 1.31 and a beta of 1.01. The firm’s 50-day moving average is $51.35 and its 200-day moving average is $49.81.

Sun Life Financial (NYSE:SLFGet Free Report) (TSE:SLF) last issued its quarterly earnings data on Monday, November 13th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.04. Sun Life Financial had a net margin of 7.79% and a return on equity of 17.30%. The firm had revenue of $1.82 billion during the quarter. As a group, analysts forecast that Sun Life Financial Inc. will post 5.08 EPS for the current fiscal year.

Sun Life Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Wednesday, February 28th will be paid a $0.581 dividend. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $2.32 annualized dividend and a dividend yield of 4.39%. This is an increase from Sun Life Financial’s previous quarterly dividend of $0.56. Sun Life Financial’s dividend payout ratio (DPR) is 57.99%.

Institutional Investors Weigh In On Sun Life Financial

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SLF. TD Asset Management Inc increased its stake in shares of Sun Life Financial by 34.7% in the fourth quarter. TD Asset Management Inc now owns 15,665,551 shares of the financial services provider’s stock worth $816,424,000 after purchasing an additional 4,035,394 shares in the last quarter. United Services Automobile Association boosted its holdings in Sun Life Financial by 14.9% in the 4th quarter. United Services Automobile Association now owns 24,095 shares of the financial services provider’s stock worth $1,250,000 after buying an additional 3,118 shares during the period. Congress Wealth Management LLC DE purchased a new stake in Sun Life Financial in the 4th quarter worth $214,000. US Bancorp DE raised its holdings in Sun Life Financial by 24.6% during the fourth quarter. US Bancorp DE now owns 20,678 shares of the financial services provider’s stock valued at $1,072,000 after acquiring an additional 4,081 shares during the period. Finally, Cambridge Investment Research Advisors Inc. lifted its position in shares of Sun Life Financial by 23.1% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 17,681 shares of the financial services provider’s stock valued at $917,000 after acquiring an additional 3,313 shares in the last quarter. 44.96% of the stock is owned by hedge funds and other institutional investors.

Sun Life Financial Company Profile

(Get Free Report)

Sun Life Financial Inc, a financial services company, provides savings, retirement, and pension products worldwide. It offers term and permanent life, as well as personal health, dental, critical illness, long-term care, and disability insurance products. The company provides financial advice, asset management, and investments related products.

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