Quadrature Capital Ltd Takes $4.80 Million Position in Sun Life Financial Inc. (NYSE:SLF)

Quadrature Capital Ltd acquired a new stake in Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 88,200 shares of the financial services provider’s stock, valued at approximately $4,798,000.

Several other large investors also recently modified their holdings of SLF. Sequoia Financial Advisors LLC grew its position in Sun Life Financial by 2.2% during the 1st quarter. Sequoia Financial Advisors LLC now owns 10,302 shares of the financial services provider’s stock worth $562,000 after acquiring an additional 221 shares during the last quarter. Intrust Bank NA grew its position in Sun Life Financial by 5.4% during the 4th quarter. Intrust Bank NA now owns 4,450 shares of the financial services provider’s stock worth $231,000 after acquiring an additional 226 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in Sun Life Financial by 6.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 4,127 shares of the financial services provider’s stock worth $214,000 after acquiring an additional 267 shares during the last quarter. Claret Asset Management Corp grew its position in Sun Life Financial by 3.4% during the 1st quarter. Claret Asset Management Corp now owns 8,334 shares of the financial services provider’s stock worth $455,000 after acquiring an additional 272 shares during the last quarter. Finally, PDS Planning Inc grew its position in Sun Life Financial by 6.2% during the 1st quarter. PDS Planning Inc now owns 5,245 shares of the financial services provider’s stock worth $286,000 after acquiring an additional 308 shares during the last quarter. 52.26% of the stock is currently owned by institutional investors.

Sun Life Financial Stock Up 0.7 %

NYSE:SLF traded up $0.35 during trading hours on Friday, hitting $49.90. 216,116 shares of the stock were exchanged, compared to its average volume of 359,330. The company’s 50 day moving average is $49.47 and its two-hundred day moving average is $51.54. Sun Life Financial Inc. has a twelve month low of $44.57 and a twelve month high of $55.46. The company has a market capitalization of $28.86 billion, a P/E ratio of 12.76, a price-to-earnings-growth ratio of 1.29 and a beta of 0.99.

Sun Life Financial (NYSE:SLF) (TSE:SLF) last posted its quarterly earnings data on Thursday, May 9th. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.09). Sun Life Financial had a return on equity of 16.97% and a net margin of 8.94%. The firm had revenue of $5.10 billion for the quarter, compared to analyst estimates of $7.25 billion. On average, equities research analysts expect that Sun Life Financial Inc. will post 4.8 EPS for the current year.

Sun Life Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Wednesday, May 29th were paid a $0.588 dividend. The ex-dividend date of this dividend was Wednesday, May 29th. This represents a $2.35 dividend on an annualized basis and a dividend yield of 4.71%. This is an increase from Sun Life Financial’s previous quarterly dividend of $0.58. Sun Life Financial’s dividend payout ratio is 60.10%.

Analysts Set New Price Targets

Separately, Argus upgraded Sun Life Financial to a “strong-buy” rating in a research report on Monday, June 3rd.

About Sun Life Financial

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.