Natixis Advisors L.P. Grows Stock Position in Sun Life Financial Inc. (NYSE:SLF)

Natixis Advisors L.P. increased its position in shares of Sun Life Financial Inc. (NYSE:SLFFree Report) (TSE:SLF) by 8.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 33,997 shares of the financial services provider’s stock after purchasing an additional 2,593 shares during the quarter. Natixis Advisors L.P.’s holdings in Sun Life Financial were worth $1,763,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in SLF. Addenda Capital Inc. grew its holdings in shares of Sun Life Financial by 21.1% during the fourth quarter. Addenda Capital Inc. now owns 148,679 shares of the financial services provider’s stock worth $7,710,000 after buying an additional 25,886 shares in the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH acquired a new position in Sun Life Financial during the fourth quarter worth about $2,299,000. International Assets Investment Management LLC acquired a new position in Sun Life Financial during the fourth quarter worth about $2,138,000. Wellington Management Group LLP acquired a new position in Sun Life Financial during the third quarter worth about $3,610,000. Finally, Barometer Capital Management Inc. boosted its position in Sun Life Financial by 7.2% during the third quarter. Barometer Capital Management Inc. now owns 151,850 shares of the financial services provider’s stock worth $7,410,000 after acquiring an additional 10,200 shares during the last quarter. 52.26% of the stock is owned by institutional investors and hedge funds.

Sun Life Financial Price Performance

Shares of SLF stock opened at $50.80 on Wednesday. The firm’s 50-day moving average is $53.00 and its two-hundred day moving average is $51.75. Sun Life Financial Inc. has a 12 month low of $44.57 and a 12 month high of $55.46. The company has a market capitalization of $29.52 billion, a PE ratio of 12.99, a price-to-earnings-growth ratio of 1.28 and a beta of 1.00.

Sun Life Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Wednesday, May 29th will be paid a dividend of $0.588 per share. The ex-dividend date is Wednesday, May 29th. This is an increase from Sun Life Financial’s previous quarterly dividend of $0.58. This represents a $2.35 dividend on an annualized basis and a yield of 4.63%. Sun Life Financial’s payout ratio is 59.34%.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group started coverage on shares of Sun Life Financial in a research report on Thursday, February 22nd. They set a “buy” rating on the stock.

Check Out Our Latest Stock Report on Sun Life Financial

About Sun Life Financial

(Free Report)

Sun Life Financial Inc, a financial services company, provides savings, retirement, and pension products worldwide. The company operates in five segments: Asset Management, Canada, U.S., Asia, and Corporate. It offers various insurance products, such as term and permanent life; personal health, which includes prescription drugs, dental, and vision care; critical illness; long-term care; and disability, as well as reinsurance.

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

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