State Street Corp Purchases 330 Shares of Sun Life Financial Inc. (NYSE:SLF)

State Street Corp grew its position in Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) by 0.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 39,478 shares of the financial services provider’s stock after purchasing an additional 330 shares during the quarter. State Street Corp’s holdings in Sun Life Financial were worth $2,291,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Assetmark Inc. grew its holdings in Sun Life Financial by 2,747.4% in the 3rd quarter. Assetmark Inc. now owns 541 shares of the financial services provider’s stock valued at $31,000 after buying an additional 522 shares in the last quarter. Addison Advisors LLC boosted its position in shares of Sun Life Financial by 124.9% in the third quarter. Addison Advisors LLC now owns 650 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 361 shares during the period. Clean Yield Group acquired a new position in shares of Sun Life Financial in the third quarter valued at about $39,000. Fairfield Financial Advisors LTD bought a new position in Sun Life Financial during the second quarter worth about $43,000. Finally, Plato Investment Management Ltd acquired a new stake in Sun Life Financial in the 3rd quarter worth about $101,000. Institutional investors own 52.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on SLF. StockNews.com lowered shares of Sun Life Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, November 19th. Barclays began coverage on Sun Life Financial in a research report on Thursday, September 5th. They set an “equal weight” rating on the stock.

Sun Life Financial Stock Up 0.1 %

SLF opened at $59.34 on Wednesday. The stock has a market capitalization of $34.14 billion, a price-to-earnings ratio of 13.22, a P/E/G ratio of 1.55 and a beta of 1.02. Sun Life Financial Inc. has a twelve month low of $46.41 and a twelve month high of $62.85. The company has a 50-day simple moving average of $59.58 and a 200 day simple moving average of $55.15.

Sun Life Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Wednesday, November 27th were given 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 was Wednesday, November 27th. This represents a $2.48 annualized dividend and a dividend yield of 4.19%. Sun Life Financial’s dividend payout ratio (DPR) is currently 55.23%.

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.