Prime Capital Investment Advisors LLC Sells 516 Shares of Sun Life Financial Inc. (NYSE:SLF)

Prime Capital Investment Advisors LLC lessened its position in Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) by 5.8% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,324 shares of the financial services provider’s stock after selling 516 shares during the period. Prime Capital Investment Advisors LLC’s holdings in Sun Life Financial were worth $483,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Assenagon Asset Management S.A. raised its holdings in 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 worth $3,635,000 after acquiring an additional 200 shares during the last quarter. Verdence Capital Advisors LLC raised its stake in shares of Sun Life Financial by 1.8% in the second quarter. Verdence Capital Advisors LLC now owns 12,160 shares of the financial services provider’s stock worth $596,000 after purchasing an additional 219 shares during the last quarter. Burney Co. lifted its holdings in shares of Sun Life Financial by 0.3% during the first quarter. Burney Co. now owns 89,252 shares of the financial services provider’s stock valued at $4,871,000 after purchasing an additional 238 shares in the last quarter. Addison Advisors LLC boosted its position in shares of Sun Life Financial by 124.9% during the third 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 during the last quarter. Finally, Blair William & Co. IL lifted its stake in Sun Life Financial by 3.0% during the 1st quarter. Blair William & Co. IL now owns 12,568 shares of the financial services provider’s stock valued at $686,000 after acquiring an additional 366 shares during the period. Hedge funds and other institutional investors own 52.26% of the company’s stock.

Sun Life Financial Stock Performance

SLF stock opened at $60.25 on Friday. The company has a market cap of $37.96 billion, a price-to-earnings ratio of 13.56, a P/E/G ratio of 1.55 and a beta of 1.01. The business’s 50-day moving average is $57.24 and its two-hundred day moving average is $52.82. Sun Life Financial Inc. has a fifty-two week low of $46.41 and a fifty-two week high of $61.61.

Sun Life Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Wednesday, November 27th will be paid a $0.621 dividend. This represents a $2.48 annualized dividend and a dividend yield of 4.12%. The ex-dividend date is 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 52.34%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on SLF. Barclays began coverage on shares of Sun Life Financial in a research note on Thursday, September 5th. They issued an “equal weight” rating for the company. StockNews.com raised shares of Sun Life Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, November 6th.

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.