Flinton Capital Management LLC reduced its position in Sun Life Financial Inc (NYSE:SLF) (TSE:SLF) by 23.6% in the fourth quarter, Holdings Channel reports. The institutional investor owned 6,804 shares of the financial services provider’s stock after selling 2,100 shares during the period. Flinton Capital Management LLC’s holdings in Sun Life Financial were worth $233,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Bremer Trust National Association purchased a new position in Sun Life Financial in the 4th quarter valued at about $28,000. Enlightenment Research LLC purchased a new position in Sun Life Financial in the 4th quarter valued at about $33,000. Lindbrook Capital LLC bought a new position in shares of Sun Life Financial during the fourth quarter worth about $36,000. We Are One Seven LLC bought a new position in shares of Sun Life Financial during the fourth quarter worth about $53,000. Finally, Proficio Capital Partners LLC lifted its position in shares of Sun Life Financial by 308.0% during the fourth quarter. Proficio Capital Partners LLC now owns 1,636 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 1,235 shares during the last quarter. 40.84% of the stock is owned by institutional investors.
Shares of SLF stock opened at $38.32 on Friday. Sun Life Financial Inc has a one year low of $31.49 and a one year high of $43.99. The stock has a market cap of $22.93 billion, a PE ratio of 10.22 and a beta of 0.86.
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 1st will be issued a $0.381 dividend. The ex-dividend date of this dividend is Thursday, February 28th. This represents a $1.52 dividend on an annualized basis and a yield of 3.98%. This is a boost from Sun Life Financial’s previous quarterly dividend of $0.38. Sun Life Financial’s dividend payout ratio (DPR) is currently 40.53%.
SLF has been the topic of several research analyst reports. CIBC reaffirmed an “average” rating and set a $53.00 price target on shares of Sun Life Financial in a research report on Thursday, December 20th. Argus raised shares of Sun Life Financial from a “hold” rating to a “buy” rating in a research report on Monday, December 31st. They noted that the move was a valuation call. Zacks Investment Research cut shares of Sun Life Financial from a “hold” rating to a “sell” rating in a research report on Thursday, January 3rd. Canaccord Genuity reaffirmed a “hold” rating on shares of Sun Life Financial in a research report on Tuesday, February 5th. Finally, Scotiabank cut shares of Sun Life Financial from a “sector outperform” rating to a “sector perform” rating in a research report on Wednesday, February 6th. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company. Sun Life Financial has a consensus rating of “Hold” and a consensus target price of $52.20.
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Sun Life Financial Company Profile
Sun Life Financial Inc, a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients worldwide. The company operates through five segments: Sun Life Financial Canada, Sun Life Financial United States, Sun Life Financial Asset Management, Sun Life Financial Asia, and Corporate.
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