Shares of Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) have been assigned a consensus rating of “Buy” from the sixteen research firms that are presently covering the stock. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation and twelve have given a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $46.67.

A number of analysts have recently issued reports on the stock. BMO Capital Markets reissued a “hold” rating on shares of Sun Life Financial in a research report on Friday, November 11th. Credit Suisse Group AG assumed coverage on shares of Sun Life Financial in a research report on Monday. They issued an “outperform” rating for the company. RBC Capital Markets reissued an “outperform” rating and issued a $53.00 price target (up from $45.00) on shares of Sun Life Financial in a research report on Friday, November 11th. Scotiabank reissued an “outperform” rating and issued a $50.00 price target (up from $46.00) on shares of Sun Life Financial in a research report on Tuesday, November 8th. Finally, Argus reaffirmed a “buy” rating and set a $37.00 price objective on shares of Sun Life Financial in a research report on Friday, September 30th.

Sun Life Financial (NYSE:SLF) opened at 38.32 on Friday. Sun Life Financial has a 52 week low of $25.31 and a 52 week high of $38.60. The stock has a market capitalization of $23.48 billion, a P/E ratio of 13.70 and a beta of 1.17. The stock has a 50 day moving average of $33.60 and a 200 day moving average of $33.02.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 30th. Stockholders of record on Wednesday, November 30th will be paid a $0.3134 dividend. This is an increase from Sun Life Financial’s previous quarterly dividend of $0.31. The ex-dividend date is Monday, November 28th. This represents a $1.25 annualized dividend and a dividend yield of 3.27%. Sun Life Financial’s dividend payout ratio (DPR) is presently 44.13%.

Large investors have recently made changes to their positions in the company. Lincluden Management Ltd. increased its stake in shares of Sun Life Financial by 15.8% in the second quarter. Lincluden Management Ltd. now owns 653,944 shares of the company’s stock valued at $21,474,000 after buying an additional 89,135 shares during the last quarter. Todd Asset Management LLC increased its stake in shares of Sun Life Financial by 33.1% in the second quarter. Todd Asset Management LLC now owns 733,152 shares of the company’s stock valued at $24,070,000 after buying an additional 182,199 shares during the last quarter. Nationwide Fund Advisors bought a new stake in shares of Sun Life Financial during the second quarter valued at about $820,000. Janney Montgomery Scott LLC increased its stake in shares of Sun Life Financial by 89.0% in the second quarter. Janney Montgomery Scott LLC now owns 19,925 shares of the company’s stock valued at $637,000 after buying an additional 9,384 shares during the last quarter. Finally, NN Investment Partners Holdings N.V. increased its stake in shares of Sun Life Financial by 8.1% in the second quarter. NN Investment Partners Holdings N.V. now owns 43,170 shares of the company’s stock valued at $1,417,000 after buying an additional 3,251 shares during the last quarter. Institutional investors and hedge funds own 42.67% of the company’s stock.

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 organization providing a range of protection and wealth products and services. It operates in five segments: Sun Life Financial Canada (SLF Canada), Sun Life Financial United States (SLF U.S.), Sun Life Financial Asset Management (SLF Asset Management), Sun Life Financial Asia (SLF Asia) and Corporate.

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