Sun Life Financial Inc (NYSE:SLF) (TSE:SLF) has been given a consensus rating of “Hold” by the fifteen ratings firms that are currently covering the firm. One analyst has rated the stock with a sell recommendation, eight have given a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $47.80.

Several research analysts have recently weighed in on the company. Scotiabank cut Sun Life Financial from a “sector outperform” rating to a “sector perform” rating in a research note on Thursday, February 16th. Zacks Investment Research upgraded Sun Life Financial from a “hold” rating to a “buy” rating and set a $44.00 price target for the company in a research note on Tuesday, January 10th. Argus cut Sun Life Financial from a “buy” rating to a “hold” rating in a research note on Friday, December 23rd. They noted that the move was a valuation call. Finally, Royal Bank of Canada cut Sun Life Financial from an “outperform” rating to a “sector perform” rating and decreased their price target for the stock from $53.00 to $51.00 in a research note on Friday, February 17th.

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A number of hedge funds have recently bought and sold shares of the stock. TD Asset Management Inc. boosted its stake in Sun Life Financial by 1.3% in the third quarter. TD Asset Management Inc. now owns 20,150,910 shares of the financial services provider’s stock worth $654,550,000 after buying an additional 262,471 shares during the period. FMR LLC boosted its stake in Sun Life Financial by 20.5% in the fourth quarter. FMR LLC now owns 17,189,664 shares of the financial services provider’s stock worth $659,984,000 after buying an additional 2,927,462 shares during the period. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Sun Life Financial by 8.7% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 10,836,010 shares of the financial services provider’s stock worth $351,980,000 after buying an additional 863,273 shares during the period. 1832 Asset Management L.P. boosted its stake in Sun Life Financial by 70.0% in the third quarter. 1832 Asset Management L.P. now owns 10,620,902 shares of the financial services provider’s stock worth $345,730,000 after buying an additional 4,374,337 shares during the period. Finally, Letko Brosseau & Associates Inc. boosted its stake in Sun Life Financial by 0.8% in the fourth quarter. Letko Brosseau & Associates Inc. now owns 9,435,529 shares of the financial services provider’s stock worth $362,256,000 after buying an additional 71,176 shares during the period. Institutional investors own 44.41% of the company’s stock.

Shares of Sun Life Financial (NYSE:SLF) traded up 1.46% during trading on Monday, hitting $35.46. The stock had a trading volume of 475,720 shares. The firm has a 50 day moving average price of $36.11 and a 200-day moving average price of $36.96. The stock has a market capitalization of $21.76 billion, a price-to-earnings ratio of 11.81 and a beta of 1.14. Sun Life Financial has a 52 week low of $30.38 and a 52 week high of $40.57.

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 31st. Investors of record on Friday, March 3rd were given a dividend of $0.321 per share. This represents a $1.28 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date was Wednesday, March 1st. This is a boost from Sun Life Financial’s previous quarterly dividend of $0.31. Sun Life Financial’s dividend payout ratio is 44.48%.

About Sun Life Financial

Sun Life Financial Inc is the holding company of Sun Life Assurance Company of Canada. The Company is a financial services company providing a range of insurance, wealth and asset management solutions to individuals and corporate Clients. It operates through five segments. The Sun Life Financial Canada segment provides retail insurance and investment advice, products and services to people across Canada.

5 Day Chart for NYSE:SLF

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