Dimensional Fund Advisors LP Has $41.718 Million Stake in Sun Life Financial Inc (SLF)

Dimensional Fund Advisors LP increased its position in Sun Life Financial Inc (NYSE:SLF) (TSE:SLF) by 2.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,086,134 shares of the financial services provider’s stock after buying an additional 22,598 shares during the period. Dimensional Fund Advisors LP owned approximately 0.18% of Sun Life Financial worth $41,718,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. TD Asset Management Inc. raised 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 in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised 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 in the last quarter. 1832 Asset Management L.P. raised 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 in the last quarter. Great West Life Assurance Co. Can raised its stake in Sun Life Financial by 3.4% in the third quarter. Great West Life Assurance Co. Can now owns 5,304,732 shares of the financial services provider’s stock worth $172,797,000 after buying an additional 174,914 shares in the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of Sun Life Financial during the third quarter valued at approximately $122,394,000. Institutional investors own 44.41% of the company’s stock.

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

Sun Life Financial Inc (NYSE:SLF) traded up 0.03% during midday trading on Friday, hitting $35.47. The stock had a trading volume of 251,368 shares. The stock has a market cap of $21.76 billion, a price-to-earnings ratio of 11.81 and a beta of 1.14. Sun Life Financial Inc has a 12 month low of $30.38 and a 12 month high of $40.57. The stock has a 50 day moving average of $36.11 and a 200 day moving average of $36.96.

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

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Several analysts have recently commented on SLF shares. Royal Bank of Canada lowered Sun Life Financial from an “outperform” rating to a “sector perform” rating and decreased their price objective for the company from $53.00 to $51.00 in a report on Friday, February 17th. Zacks Investment Research upgraded Sun Life Financial from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a report on Tuesday, January 10th. Scotiabank lowered Sun Life Financial from a “sector outperform” rating to a “sector perform” rating in a research note on Thursday, February 16th. Finally, Argus lowered Sun Life Financial from a “buy” rating to a “hold” rating in a research note on Saturday, December 31st. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $46.10.

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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