1,745 Shares in Sun Life Financial Inc. (NYSE:SLF) Purchased by Plato Investment Management Ltd

Plato Investment Management Ltd purchased a new stake in shares of Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,745 shares of the financial services provider’s stock, valued at approximately $101,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Blair William & Co. IL increased its stake in shares of Sun Life Financial by 3.0% during the 1st quarter. Blair William & Co. IL now owns 12,568 shares of the financial services provider’s stock worth $686,000 after purchasing an additional 366 shares during the last quarter. Intech Investment Management LLC acquired a new stake in shares of Sun Life Financial during the 1st quarter worth about $1,961,000. Vanguard Group Inc. grew its stake in Sun Life Financial by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 23,241,910 shares of the financial services provider’s stock valued at $1,268,543,000 after buying an additional 359,028 shares during the last quarter. Acadian Asset Management LLC raised its holdings in Sun Life Financial by 283.3% in the 1st quarter. Acadian Asset Management LLC now owns 268,300 shares of the financial services provider’s stock valued at $14,647,000 after acquiring an additional 198,300 shares during the period. Finally, UniSuper Management Pty Ltd lifted its holdings in Sun Life Financial by 95.2% during the 1st quarter. UniSuper Management Pty Ltd now owns 8,200 shares of the financial services provider’s stock worth $448,000 after purchasing an additional 4,000 shares during the last quarter. 52.26% of the stock is currently owned by institutional investors.

Sun Life Financial Stock Down 1.3 %

SLF opened at $60.25 on Friday. Sun Life Financial Inc. has a twelve month low of $46.41 and a twelve month high of $61.61. The stock has a market capitalization of $37.96 billion, a price-to-earnings ratio of 13.42, a P/E/G ratio of 1.55 and a beta of 1.01. The company has a 50-day simple moving average of $57.24 and a 200 day simple moving average of $52.82.

Sun Life Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Wednesday, November 27th will be paid a $0.621 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 4.12%. This is a boost from Sun Life Financial’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend is Wednesday, November 27th. Sun Life Financial’s dividend payout ratio (DPR) is 52.34%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. StockNews.com raised shares of Sun Life Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th. Barclays started coverage on Sun Life Financial in a research report on Thursday, September 5th. They set an “equal weight” rating on the stock.

Sun Life Financial 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.