Sivia Capital Partners LLC Invests $212,000 in Sun Life Financial Inc. (NYSE:SLF)

Sivia Capital Partners LLC bought a new position in shares of Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 3,656 shares of the financial services provider’s stock, valued at approximately $212,000.

Several other institutional investors also recently modified their holdings of SLF. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its holdings in shares of Sun Life Financial by 10.4% during the 3rd quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 38,144 shares of the financial services provider’s stock valued at $2,215,000 after purchasing an additional 3,581 shares in the last quarter. Clean Yield Group bought a new position in shares of Sun Life Financial during the 3rd quarter valued at about $39,000. Park National Corp OH bought a new position in shares of Sun Life Financial during the 3rd quarter valued at about $230,000. Pathway Financial Advisers LLC lifted its holdings in shares of Sun Life Financial by 7.8% during the 2nd quarter. Pathway Financial Advisers LLC now owns 25,337 shares of the financial services provider’s stock valued at $1,240,000 after purchasing an additional 1,831 shares in the last quarter. Finally, Point72 Asset Management L.P. bought a new position in shares of Sun Life Financial during the 2nd quarter valued at about $1,029,000. 52.26% of the stock is currently owned by institutional investors and hedge funds.

Sun Life Financial Stock Performance

NYSE SLF traded up $0.37 during trading on Monday, hitting $57.59. The stock had a trading volume of 51,496 shares, compared to its average volume of 674,103. The company has a market capitalization of $33.24 billion, a PE ratio of 14.75, a P/E/G ratio of 1.47 and a beta of 1.00. The company’s 50-day moving average price is $54.55 and its two-hundred day moving average price is $51.92. Sun Life Financial Inc. has a 12 month low of $44.57 and a 12 month high of $58.51.

Sun Life Financial (NYSE:SLF) (TSE:SLF) last released its earnings results on Monday, August 12th. The financial services provider reported $1.25 EPS for the quarter, beating the consensus estimate of $1.18 by $0.07. Sun Life Financial had a return on equity of 17.47% and a net margin of 8.60%. The firm had revenue of $6.52 billion for the quarter, compared to analysts’ expectations of $6.72 billion. As a group, equities analysts anticipate that Sun Life Financial Inc. will post 4.88 earnings per share for the current fiscal year.

Sun Life Financial Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Wednesday, August 28th were issued a dividend of $0.587 per share. This represents a $2.35 dividend on an annualized basis and a dividend yield of 4.08%. The ex-dividend date of this dividend was Wednesday, August 28th. Sun Life Financial’s payout ratio is presently 60.57%.

Wall Street Analyst Weigh In

Separately, Barclays began coverage on Sun Life Financial in a report on Thursday, September 5th. They set an “equal weight” rating on the stock.

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.