Natixis Advisors LLC Has $2.51 Million Stock Holdings in Sun Life Financial Inc. (NYSE:SLF)

Natixis Advisors LLC boosted its position in Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) by 13.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,246 shares of the financial services provider’s stock after buying an additional 5,086 shares during the period. Natixis Advisors LLC’s holdings in Sun Life Financial were worth $2,509,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Assetmark Inc. increased its holdings in shares of Sun Life Financial by 2,747.4% during the third quarter. Assetmark Inc. now owns 541 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 522 shares in the last quarter. GAMMA Investing LLC raised its holdings in Sun Life Financial by 6,244.4% during the second quarter. GAMMA Investing LLC now owns 571 shares of the financial services provider’s stock worth $28,000 after buying an additional 562 shares during the last quarter. Addison Advisors LLC raised its holdings in Sun Life Financial by 124.9% during the third quarter. Addison Advisors LLC now owns 650 shares of the financial services provider’s stock worth $38,000 after buying an additional 361 shares during the last quarter. Clean Yield Group bought a new position in shares of Sun Life Financial in the third quarter valued at $39,000. Finally, Ridgewood Investments LLC acquired a new position in shares of Sun Life Financial during the second quarter valued at about $39,000. 52.26% of the stock is owned by institutional investors and hedge funds.

Sun Life Financial Stock Down 0.3 %

SLF stock opened at $61.18 on Monday. The stock has a 50-day simple moving average of $57.89 and a two-hundred day simple moving average of $53.19. Sun Life Financial Inc. has a twelve month low of $46.41 and a twelve month high of $61.86. The firm has a market capitalization of $35.22 billion, a PE ratio of 13.63, a PEG ratio of 1.58 and a beta of 1.01.

Sun Life Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Wednesday, November 27th will be issued a dividend of $0.621 per share. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.59. The ex-dividend date is Wednesday, November 27th. This represents a $2.48 annualized dividend and a dividend yield of 4.06%. Sun Life Financial’s payout ratio is presently 52.34%.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Barclays assumed coverage on shares of Sun Life Financial in a research report on Thursday, September 5th. They issued an “equal weight” rating on the stock. StockNews.com cut Sun Life Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, November 19th.

Sun Life Financial Profile

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.