One Capital Management LLC Purchases Shares of 10,167 Sun Life Financial Inc. $SLF

One Capital Management LLC purchased a new stake in Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 10,167 shares of the financial services provider’s stock, valued at approximately $635,000.

Other large investors have also recently added to or reduced their stakes in the company. Cornerstone Planning Group LLC raised its position in shares of Sun Life Financial by 68.4% in the fourth quarter. Cornerstone Planning Group LLC now owns 411 shares of the financial services provider’s stock valued at $26,000 after purchasing an additional 167 shares during the period. Smartleaf Asset Management LLC raised its position in shares of Sun Life Financial by 184.1% in the third quarter. Smartleaf Asset Management LLC now owns 588 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 381 shares during the period. Westside Investment Management Inc. raised its position in shares of Sun Life Financial by 38.6% in the third quarter. Westside Investment Management Inc. now owns 801 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 223 shares during the period. LOM Asset Management Ltd bought a new position in shares of Sun Life Financial in the fourth quarter valued at about $53,000. Finally, Triumph Capital Management bought a new position in shares of Sun Life Financial in the third quarter valued at about $64,000. Institutional investors and hedge funds own 52.26% of the company’s stock.

Sun Life Financial Stock Up 1.1%

SLF stock opened at $72.90 on Friday. Sun Life Financial Inc. has a 12 month low of $56.22 and a 12 month high of $74.16. The firm has a market cap of $40.39 billion, a P/E ratio of 18.79 and a beta of 0.89. The company’s 50-day moving average price is $69.21 and its two-hundred day moving average price is $64.97.

Sun Life Financial (NYSE:SLF) (TSE:SLF) last posted its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $1.38 earnings per share for the quarter, beating analysts’ consensus estimates of $1.35 by $0.03. Sun Life Financial had a net margin of 7.85% and a return on equity of 17.80%. The company had revenue of $6.41 billion for the quarter, compared to the consensus estimate of $925.99 million. During the same period last year, the company posted $1.82 EPS. Equities analysts predict that Sun Life Financial Inc. will post 5.72 EPS for the current year.

Sun Life Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Wednesday, May 27th will be given a dividend of $0.96 per share. The ex-dividend date is Wednesday, May 27th. This represents a $3.84 annualized dividend and a yield of 5.3%. This is a boost from Sun Life Financial’s previous quarterly dividend of $0.92. Sun Life Financial’s dividend payout ratio is 72.68%.

Analyst Ratings Changes

Several brokerages have recently weighed in on SLF. Scotiabank reissued a “sector perform” rating on shares of Sun Life Financial in a research report on Wednesday, April 29th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Sun Life Financial in a research report on Friday, February 13th. TD Cowen reaffirmed a “buy” rating on shares of Sun Life Financial in a research report on Thursday, May 7th. TD Securities reaffirmed a “buy” rating on shares of Sun Life Financial in a research report on Thursday, May 7th. Finally, BMO Capital Markets reaffirmed an “outperform” rating on shares of Sun Life Financial in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $86.50.

Sun Life Financial Profile

Sun Life Financial Inc, founded in 1865 and headquartered in Toronto, Ontario, is an international financial services organization that provides a range of insurance, wealth management and asset management solutions. The company serves individual and institutional clients, offering products designed to protect against life and health risks, help clients save for retirement, and manage investments on behalf of customers and third parties.

Core business activities include life and health insurance, group benefits for employers, retirement and pension products, and wealth management services such as mutual funds and segregated fund solutions.