One Capital Management LLC Makes New $635,000 Investment in Sun Life Financial Inc. $SLF

One Capital Management LLC purchased a new position in Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 10,167 shares of the financial services provider’s stock, valued at approximately $635,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of SLF. Brighton Jones LLC acquired a new stake in Sun Life Financial in the 4th quarter worth $244,000. AQR Capital Management LLC boosted its position in shares of Sun Life Financial by 113.8% during the 1st quarter. AQR Capital Management LLC now owns 8,022 shares of the financial services provider’s stock valued at $454,000 after acquiring an additional 4,270 shares in the last quarter. Sivia Capital Partners LLC acquired a new stake in shares of Sun Life Financial during the 2nd quarter valued at about $204,000. Prudential Financial Inc. acquired a new stake in shares of Sun Life Financial during the 2nd quarter valued at about $232,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Sun Life Financial by 66.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,734 shares of the financial services provider’s stock valued at $115,000 after acquiring an additional 692 shares in the last quarter. 52.26% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on SLF shares. Wall Street Zen lowered shares of Sun Life Financial from a “hold” rating to a “sell” rating in a research report on Saturday, May 23rd. Royal Bank Of Canada reiterated a “sector perform” rating on shares of Sun Life Financial in a research report on Friday, February 13th. Scotiabank reiterated a “sector perform” rating on shares of Sun Life Financial in a research report on Wednesday, April 29th. TD Securities reiterated a “buy” rating on shares of Sun Life Financial in a research report on Thursday, May 7th. Finally, BMO Capital Markets reiterated an “outperform” rating on shares of Sun Life Financial in a research report on Friday, May 8th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $86.50.

Sun Life Financial Price Performance

SLF opened at $72.90 on Friday. The company has a market cap of $40.39 billion, a price-to-earnings ratio of 18.79 and a beta of 0.89. The firm has a 50 day simple moving average of $69.21 and a 200 day simple moving average of $64.97. Sun Life Financial Inc. has a fifty-two week low of $56.22 and a fifty-two week high of $74.16.

Sun Life Financial (NYSE:SLF) (TSE:SLF) last issued its earnings results on Wednesday, May 6th. The financial services provider reported $1.38 EPS for the quarter, beating the consensus estimate of $1.35 by $0.03. Sun Life Financial had a net margin of 7.85% and a return on equity of 17.80%. The firm had revenue of $6.41 billion during the quarter, compared to the consensus estimate of $925.99 million. During the same quarter in the prior year, the firm earned $1.82 earnings per share. As a group, analysts expect that Sun Life Financial Inc. will post 5.72 EPS for the current year.

Sun Life Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Wednesday, May 27th will be given a dividend of $0.96 per share. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.92. This represents a $3.84 annualized dividend and a dividend yield of 5.3%. The ex-dividend date of this dividend is Wednesday, May 27th. Sun Life Financial’s payout ratio is currently 72.68%.

About Sun Life Financial

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.