4,794 Shares in Sun Life Financial Inc. $SLF Acquired by Fox Run Management L.L.C.

Fox Run Management L.L.C. acquired a new stake in Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 4,794 shares of the financial services provider’s stock, valued at approximately $319,000.

A number of other hedge funds also recently made changes to their positions in the company. Benjamin Edwards Inc. boosted its stake in shares of Sun Life Financial by 3.4% in the first quarter. Benjamin Edwards Inc. now owns 5,052 shares of the financial services provider’s stock valued at $289,000 after purchasing an additional 167 shares during the period. HighPoint Advisor Group LLC lifted its holdings in Sun Life Financial by 4.4% in the 1st quarter. HighPoint Advisor Group LLC now owns 4,330 shares of the financial services provider’s stock worth $256,000 after buying an additional 181 shares in the last quarter. Public Sector Pension Investment Board lifted its holdings in Sun Life Financial by 0.4% in the 1st quarter. Public Sector Pension Investment Board now owns 55,447 shares of the financial services provider’s stock worth $3,173,000 after buying an additional 200 shares in the last quarter. Westside Investment Management Inc. boosted its position in Sun Life Financial by 62.8% in the 2nd quarter. Westside Investment Management Inc. now owns 578 shares of the financial services provider’s stock valued at $38,000 after buying an additional 223 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of Sun Life Financial by 2.2% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 10,444 shares of the financial services provider’s stock valued at $683,000 after acquiring an additional 224 shares in the last quarter. Hedge funds and other institutional investors own 52.26% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Evercore ISI reiterated an “outperform” rating on shares of Sun Life Financial in a research note on Thursday, October 9th. Morgan Stanley set a $89.00 target price on Sun Life Financial in a research report on Tuesday, October 7th. National Bankshares reiterated a “sector perform” rating on shares of Sun Life Financial in a research note on Thursday, November 6th. National Bank Financial lowered shares of Sun Life Financial from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 7th. Finally, Argus raised shares of Sun Life Financial to a “strong-buy” rating in a report on Thursday, September 4th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $86.50.

Sun Life Financial Trading Up 2.0%

Shares of SLF opened at $59.12 on Thursday. Sun Life Financial Inc. has a 52 week low of $52.44 and a 52 week high of $66.81. The firm has a market cap of $33.01 billion, a price-to-earnings ratio of 14.63, a PEG ratio of 1.67 and a beta of 0.90. The stock has a 50 day moving average of $60.20 and a 200-day moving average of $61.34.

Sun Life Financial (NYSE:SLF) (TSE:SLF) last announced its quarterly earnings data on Wednesday, November 5th. The financial services provider reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.30 by $0.05. The firm had revenue of $944.53 million for the quarter, compared to analysts’ expectations of $944.53 million. Sun Life Financial had a return on equity of 17.21% and a net margin of 7.59%.During the same period last year, the business posted $2.33 earnings per share. On average, sell-side analysts predict that Sun Life Financial Inc. will post 5.19 earnings per share for the current fiscal year.

Sun Life Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, November 26th will be given a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 6.2%. The ex-dividend date is Wednesday, November 26th. This is an increase from Sun Life Financial’s previous quarterly dividend of $0.64. Sun Life Financial’s payout ratio is 69.41%.

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.