Shares of Sun Life Financial Inc (NYSE:SLF) (TSE:SLF) have been assigned an average recommendation of “Hold” from the eleven research firms that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $57.33.

Several brokerages have recently issued reports on SLF. Zacks Investment Research restated a “hold” rating on shares of Sun Life Financial in a report on Thursday. Canaccord Genuity restated an “average” rating and issued a $53.00 target price on shares of Sun Life Financial in a report on Friday, November 9th. Barclays restated a “buy” rating on shares of Sun Life Financial in a report on Friday, November 9th. Desjardins restated a “buy” rating on shares of Sun Life Financial in a report on Tuesday, October 16th. Finally, ValuEngine cut shares of Sun Life Financial from a “hold” rating to a “sell” rating in a report on Tuesday, August 7th.

Shares of Sun Life Financial stock opened at $37.20 on Friday. The company has a current ratio of 4.06, a quick ratio of 4.06 and a debt-to-equity ratio of 0.20. Sun Life Financial has a 52-week low of $35.78 and a 52-week high of $44.50. The company has a market capitalization of $22.12 billion, a PE ratio of 11.63 and a beta of 0.83.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Wednesday, November 28th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Tuesday, November 27th. This represents a $1.52 annualized dividend and a yield of 4.09%. This is a boost from Sun Life Financial’s previous quarterly dividend of $0.37. Sun Life Financial’s payout ratio is 45.63%.

Large investors have recently added to or reduced their stakes in the stock. Ontario Teachers Pension Plan Board boosted its holdings in Sun Life Financial by 538.9% in the second quarter. Ontario Teachers Pension Plan Board now owns 122,706 shares of the financial services provider’s stock valued at $4,931,000 after acquiring an additional 103,499 shares in the last quarter. Bridgewater Associates LP boosted its holdings in Sun Life Financial by 226.0% in the second quarter. Bridgewater Associates LP now owns 262,520 shares of the financial services provider’s stock valued at $10,543,000 after acquiring an additional 182,000 shares in the last quarter. Bank of Nova Scotia boosted its holdings in Sun Life Financial by 6.4% in the second quarter. Bank of Nova Scotia now owns 3,148,394 shares of the financial services provider’s stock valued at $126,759,000 after acquiring an additional 189,407 shares in the last quarter. Bank of Montreal Can lifted its position in Sun Life Financial by 19.0% during the third quarter. Bank of Montreal Can now owns 12,771,456 shares of the financial services provider’s stock valued at $507,793,000 after buying an additional 2,039,994 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ lifted its position in Sun Life Financial by 1.2% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 989,482 shares of the financial services provider’s stock valued at $39,342,000 after buying an additional 11,275 shares during the period. Institutional investors and hedge funds own 41.58% of the company’s stock.

About Sun Life Financial

Sun Life Financial Inc, a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients, high-net-worth individuals, and families. It operates through Sun Life Financial Canada, Sun Life Financial United States, Sun Life Financial Asset Management, Sun Life Financial Asia, and Corporate segments.

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Analyst Recommendations for Sun Life Financial (NYSE:SLF)

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