Ritholtz Wealth Management decreased its holdings in Sun Life Financial Inc. (NYSE:SLF – Free Report) (TSE:SLF) by 5.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,348 shares of the financial services provider’s stock after selling 294 shares during the period. Ritholtz Wealth Management’s holdings in Sun Life Financial were worth $250,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in the business. Metis Global Partners LLC boosted its stake in Sun Life Financial by 75.5% during the fourth quarter. Metis Global Partners LLC now owns 33,006 shares of the financial services provider’s stock valued at $1,532,000 after buying an additional 14,200 shares during the last quarter. Skandinaviska Enskilda Banken AB publ boosted its stake in Sun Life Financial by 4.4% during the fourth quarter. Skandinaviska Enskilda Banken AB publ now owns 238,302 shares of the financial services provider’s stock valued at $11,062,000 after buying an additional 10,150 shares during the last quarter. Symphony Financial Ltd. Co. boosted its stake in Sun Life Financial by 120.4% during the fourth quarter. Symphony Financial Ltd. Co. now owns 56,898 shares of the financial services provider’s stock valued at $2,704,000 after buying an additional 31,078 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors bought a new position in Sun Life Financial during the fourth quarter valued at approximately $363,000. Finally, Banque Pictet & Cie SA boosted its stake in Sun Life Financial by 77.5% during the fourth quarter. Banque Pictet & Cie SA now owns 15,089 shares of the financial services provider’s stock valued at $700,000 after buying an additional 6,588 shares during the last quarter. Institutional investors own 41.72% of the company’s stock.
Sun Life Financial Stock Performance
Shares of NYSE SLF opened at $51.65 on Thursday. The business’s 50 day moving average price is $49.82 and its 200-day moving average price is $48.55. Sun Life Financial Inc. has a fifty-two week low of $37.96 and a fifty-two week high of $52.49. The company has a market cap of $30.31 billion, a price-to-earnings ratio of 13.38, a PEG ratio of 1.39 and a beta of 1.01.
Sun Life Financial Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Wednesday, May 31st were issued a $0.554 dividend. The ex-dividend date was Tuesday, May 30th. This represents a $2.22 annualized dividend and a dividend yield of 4.29%. Sun Life Financial’s payout ratio is 57.25%.
Analyst Ratings Changes
SLF has been the subject of a number of research reports. StockNews.com began coverage on Sun Life Financial in a research note on Thursday, May 18th. They set a “hold” rating for the company. Royal Bank of Canada upgraded Sun Life Financial from a “sector perform” rating to an “outperform” rating in a research report on Monday, May 15th.
Sun Life Financial Company Profile
Sun Life Financial Inc, a financial services company, provides savings, retirement, and pension products worldwide. It offers term and permanent life, as well as personal health, dental, critical illness, long-term care, and disability insurance products. The company provides financial advice, asset management, and investments related products.
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