Vanguard Personalized Indexing Management LLC Has $1.04 Million Stock Holdings in Sun Life Financial Inc. (NYSE:SLF)

Vanguard Personalized Indexing Management LLC increased its holdings in shares of Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) by 15.4% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 21,376 shares of the financial services provider’s stock after acquiring an additional 2,853 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Sun Life Financial were worth $1,036,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Voisard Asset Management Group Inc. acquired a new stake in Sun Life Financial during the fourth quarter valued at approximately $26,000. GAMMA Investing LLC grew its position in Sun Life Financial by 6,244.4% in the second quarter. GAMMA Investing LLC now owns 571 shares of the financial services provider’s stock valued at $28,000 after acquiring an additional 562 shares during the period. Ridgewood Investments LLC acquired a new position in Sun Life Financial during the second quarter worth $39,000. Fairfield Financial Advisors LTD bought a new position in shares of Sun Life Financial during the second quarter valued at $43,000. Finally, Dixon Mitchell Investment Counsel Inc. acquired a new stake in shares of Sun Life Financial in the 1st quarter valued at $76,000. Institutional investors own 52.26% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on SLF. Argus raised shares of Sun Life Financial to a “strong-buy” rating in a report on Monday, June 3rd. Barclays started coverage on shares of Sun Life Financial in a research note on Thursday, September 5th. They issued an “equal weight” rating for the company.

Sun Life Financial Stock Performance

Shares of NYSE:SLF opened at $56.87 on Tuesday. The business has a fifty day moving average of $52.31 and a 200-day moving average of $51.63. Sun Life Financial Inc. has a twelve month low of $44.57 and a twelve month high of $57.20. The firm has a market cap of $32.97 billion, a PE ratio of 14.54, a price-to-earnings-growth ratio of 1.45 and a beta of 1.00.

Sun Life Financial (NYSE:SLF) (TSE:SLF) last announced its earnings results on Monday, August 12th. The financial services provider reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.18 by $0.07. Sun Life Financial had a net margin of 8.60% and a return on equity of 17.47%. The company had revenue of $6.52 billion during the quarter, compared to the consensus estimate of $6.72 billion. On average, analysts anticipate that Sun Life Financial Inc. will post 4.86 EPS for the current fiscal year.

Sun Life Financial Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Wednesday, August 28th will be issued a dividend of $0.587 per share. This represents a $2.35 annualized dividend and a yield of 4.13%. The ex-dividend date is Wednesday, August 28th. Sun Life Financial’s dividend payout ratio is 59.85%.

Sun Life Financial Company 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.