Rational Advisors LLC maintained its stake in shares of Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,538 shares of the financial services provider’s stock at the end of the second quarter. Rational Advisors LLC’s holdings in Sun Life Financial were worth $162,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Jones Collombin Investment Counsel Inc boosted its position in shares of Sun Life Financial by 20.2% in the second quarter. Jones Collombin Investment Counsel Inc now owns 2,826 shares of the financial services provider’s stock valued at $101,000 after buying an additional 475 shares during the period. Bronfman E.L. Rothschild L.P. boosted its position in shares of Sun Life Financial by 0.5% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 3,587 shares of the financial services provider’s stock valued at $131,000 after buying an additional 17 shares during the period. Advisory Services Network LLC bought a new position in shares of Sun Life Financial during the first quarter valued at about $194,000. Stifel Financial Corp boosted its position in shares of Sun Life Financial by 1.8% in the first quarter. Stifel Financial Corp now owns 5,811 shares of the financial services provider’s stock valued at $209,000 after buying an additional 102 shares during the period. Finally, Janney Montgomery Scott LLC boosted its position in shares of Sun Life Financial by 7.9% in the second quarter. Janney Montgomery Scott LLC now owns 6,126 shares of the financial services provider’s stock valued at $219,000 after buying an additional 450 shares during the period. 42.95% of the stock is owned by institutional investors.

Sun Life Financial Inc. (NYSE:SLF) opened at 38.74 on Tuesday. The company has a 50 day moving average price of $37.17 and a 200 day moving average price of $36.12. Sun Life Financial Inc. has a 52 week low of $30.38 and a 52 week high of $40.57. The stock has a market cap of $23.77 billion, a price-to-earnings ratio of 12.01 and a beta of 0.88.

Sun Life Financial (NYSE:SLF) (TSE:SLF) last announced its quarterly earnings data on Wednesday, August 9th. The financial services provider reported $0.83 EPS for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.09. The firm had revenue of $8.12 billion during the quarter, compared to the consensus estimate of $7.36 billion. Sun Life Financial had a net margin of 12.48% and a return on equity of 13.32%. The firm’s revenue was down 14.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.90 earnings per share. Analysts expect that Sun Life Financial Inc. will post $3.21 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Wednesday, August 30th will be given a $0.3439 dividend. The ex-dividend date is Monday, August 28th. This represents a $1.38 dividend on an annualized basis and a yield of 3.55%. This is an increase from Sun Life Financial’s previous quarterly dividend of $0.32. Sun Life Financial’s dividend payout ratio (DPR) is presently 40.06%.

Sun Life Financial announced that its Board of Directors has approved a share buyback plan on Wednesday, August 9th that permits the company to repurchase 11,500,000 shares. This repurchase authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

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SLF has been the subject of several analyst reports. Zacks Investment Research raised Sun Life Financial from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a report on Tuesday, April 25th. Credit Suisse Group cut Sun Life Financial from an “outperform” rating to a “neutral” rating in a report on Wednesday, May 10th. National Bank Financial reissued an “outperform overweight” rating on shares of Sun Life Financial in a report on Tuesday, May 9th. ValuEngine cut Sun Life Financial from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Royal Bank Of Canada raised Sun Life Financial from a “sector perform” rating to an “outperform” rating and set a $51.00 price objective for the company in a report on Wednesday, June 7th. Eight equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $45.80.

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.

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Institutional Ownership by Quarter for Sun Life Financial (NYSE:SLF)

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