Sun Life Financial Inc (NYSE:SLF) (TSE:SLF) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $44.26 and last traded at $44.11, with a volume of 1792 shares trading hands. The stock had previously closed at $44.18.

A number of research analysts have commented on the company. Evercore ISI reiterated an “outperform” rating on shares of Sun Life Financial in a research report on Monday, July 22nd. Barclays reiterated a “hold” rating on shares of Sun Life Financial in a research report on Monday, August 26th. Zacks Investment Research upgraded Sun Life Financial from a “sell” rating to a “hold” rating and set a $45.00 price objective on the stock in a research report on Thursday, July 4th. Argus increased their price objective on Sun Life Financial from $42.00 to $45.00 and gave the company a “buy” rating in a research report on Monday, July 1st. Finally, ValuEngine lowered Sun Life Financial from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Two research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $51.50.

The stock has a 50 day moving average price of $40.91 and a two-hundred day moving average price of $40.29. The company has a market cap of $26.05 billion, a price-to-earnings ratio of 11.80 and a beta of 0.90.

Sun Life Financial (NYSE:SLF) (TSE:SLF) last posted its quarterly earnings results on Wednesday, July 31st. The financial services provider reported $1.24 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.30. The company had revenue of $7.59 billion for the quarter, compared to the consensus estimate of $6.93 billion. Sun Life Financial had a return on equity of 13.37% and a net margin of 6.83%. During the same quarter in the prior year, the business posted $1.20 EPS. Research analysts predict that Sun Life Financial Inc will post 3.81 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Wednesday, August 28th will be paid a $0.401 dividend. The ex-dividend date is Tuesday, August 27th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.64%. This is an increase from Sun Life Financial’s previous quarterly dividend of $0.38. Sun Life Financial’s dividend payout ratio is 42.40%.

Several hedge funds have recently bought and sold shares of the company. Asset Planning Services Ltd. acquired a new position in Sun Life Financial in the second quarter valued at $27,000. HM Payson & Co. purchased a new stake in shares of Sun Life Financial during the 2nd quarter valued at $31,000. Bremer Bank National Association purchased a new stake in shares of Sun Life Financial during the 1st quarter valued at $34,000. Parallel Advisors LLC raised its position in shares of Sun Life Financial by 113.1% during the 2nd quarter. Parallel Advisors LLC now owns 827 shares of the financial services provider’s stock valued at $34,000 after buying an additional 439 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its position in shares of Sun Life Financial by 514.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 921 shares of the financial services provider’s stock valued at $38,000 after buying an additional 771 shares in the last quarter. 44.88% of the stock is currently owned by institutional investors.

About Sun Life Financial (NYSE:SLF)

Sun Life Financial Inc, a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients worldwide. The company operates through five segments: Sun Life Financial Canada, Sun Life Financial United States, Sun Life Financial Asset Management, Sun Life Financial Asia, and Corporate.

Featured Article: How Do Investors Open a Backdoor Roth IRA?

Receive News & Ratings for Sun Life Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sun Life Financial and related companies with MarketBeat.com's FREE daily email newsletter.