Campbell & CO Investment Adviser LLC Takes Position in Sun Life Financial Inc. $SLF

Campbell & CO Investment Adviser LLC bought a new stake in shares of Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) during the 3rd quarter, according to its most recent filing with the SEC. The fund bought 12,880 shares of the financial services provider’s stock, valued at approximately $773,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Private Trust Co. NA lifted its stake in Sun Life Financial by 130.6% during the second quarter. Private Trust Co. NA now owns 429 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 243 shares during the period. Westside Investment Management Inc. lifted its position in shares of Sun Life Financial by 62.8% during the 2nd quarter. Westside Investment Management Inc. now owns 578 shares of the financial services provider’s stock worth $38,000 after buying an additional 223 shares during the period. Tobam bought a new position in shares of Sun Life Financial during the 2nd quarter worth approximately $44,000. Addison Advisors LLC boosted its stake in Sun Life Financial by 48.8% in the 2nd quarter. Addison Advisors LLC now owns 704 shares of the financial services provider’s stock valued at $47,000 after buying an additional 231 shares in the last quarter. Finally, MAI Capital Management raised its stake in Sun Life Financial by 121.8% during the second quarter. MAI Capital Management now owns 896 shares of the financial services provider’s stock worth $60,000 after acquiring an additional 492 shares in the last quarter. Institutional investors and hedge funds own 52.26% of the company’s stock.

Analyst Ratings Changes

SLF has been the topic of several recent analyst reports. Morgan Stanley set a $89.00 target price on shares of Sun Life Financial in a research note on Tuesday, October 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Sun Life Financial in a research note on Wednesday, October 8th. Evercore ISI reiterated an “outperform” rating on shares of Sun Life Financial in a research note on Thursday, October 9th. Cibc Captl Mkts lowered Sun Life Financial from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 29th. Finally, TD Securities raised Sun Life Financial from a “hold” rating to a “buy” rating in a report on Tuesday, October 7th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $86.50.

Sun Life Financial Stock Performance

NYSE SLF opened at $62.44 on Wednesday. The stock has a market capitalization of $34.58 billion, a P/E ratio of 16.61 and a beta of 0.87. Sun Life Financial Inc. has a 52 week low of $52.44 and a 52 week high of $66.81. The stock has a fifty day moving average of $60.75 and a 200-day moving average of $60.40.

Sun Life Financial (NYSE:SLF) (TSE:SLF) last issued its quarterly earnings results on Wednesday, November 5th. The financial services provider reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.05. The business had revenue of $944.53 million for the quarter, compared to analyst estimates of $944.53 million. Sun Life Financial had a return on equity of 16.93% and a net margin of 7.53%.During the same quarter in the prior year, the firm posted $2.33 earnings per share. Equities research analysts forecast that Sun Life Financial Inc. will post 5.19 earnings per share for the current fiscal year.

Sun Life Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, November 26th were paid a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 5.9%. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.64. The ex-dividend date of this dividend was Wednesday, November 26th. Sun Life Financial’s payout ratio is presently 69.68%.

Sun Life Financial Company Profile

Sun Life Financial Inc, founded in 1865 and headquartered in Toronto, Ontario, is an international financial services organization that provides a range of insurance, wealth management and asset management solutions. The company serves individual and institutional clients, offering products designed to protect against life and health risks, help clients save for retirement, and manage investments on behalf of customers and third parties.

Core business activities include life and health insurance, group benefits for employers, retirement and pension products, and wealth management services such as mutual funds and segregated fund solutions.