Barclays PLC Acquires 2,244 Shares of Sun Life Financial Inc. (NYSE:SLF)

Barclays PLC raised its holdings in shares of Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) by 61.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 5,907 shares of the financial services provider’s stock after acquiring an additional 2,244 shares during the period. Barclays PLC’s holdings in Sun Life Financial were worth $343,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the company. Assenagon Asset Management S.A. increased its position in shares of Sun Life Financial by 0.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 62,589 shares of the financial services provider’s stock valued at $3,635,000 after buying an additional 200 shares in the last quarter. State Street Corp increased its position in shares of Sun Life Financial by 0.8% in the 3rd quarter. State Street Corp now owns 39,478 shares of the financial services provider’s stock valued at $2,291,000 after buying an additional 330 shares in the last quarter. Addison Advisors LLC increased its position in shares of Sun Life Financial by 124.9% in the 3rd quarter. Addison Advisors LLC now owns 650 shares of the financial services provider’s stock valued at $38,000 after buying an additional 361 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in shares of Sun Life Financial by 1.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 33,507 shares of the financial services provider’s stock valued at $1,642,000 after buying an additional 426 shares in the last quarter. Finally, Evergreen Capital Management LLC increased its position in shares of Sun Life Financial by 9.5% in the 2nd quarter. Evergreen Capital Management LLC now owns 5,373 shares of the financial services provider’s stock valued at $263,000 after buying an additional 466 shares in the last quarter. Institutional investors own 52.26% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Sun Life Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, November 19th.

Sun Life Financial Trading Up 0.4 %

SLF stock opened at $59.18 on Friday. The stock has a 50-day moving average price of $59.73 and a two-hundred day moving average price of $55.29. The stock has a market cap of $34.05 billion, a PE ratio of 13.18, a price-to-earnings-growth ratio of 1.55 and a beta of 1.03. Sun Life Financial Inc. has a 1 year low of $46.41 and a 1 year high of $62.85.

Sun Life Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Wednesday, November 27th were issued a dividend of $0.621 per share. This represents a $2.48 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date of this dividend was Wednesday, November 27th. This is a boost from Sun Life Financial’s previous quarterly dividend of $0.59. Sun Life Financial’s dividend payout ratio is 55.23%.

About Sun Life Financial

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.