Two Sigma Advisers LP Lowers Position in Sun Life Financial Inc. (NYSE:SLF)

Two Sigma Advisers LP decreased its stake in Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) by 10.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 461,132 shares of the financial services provider’s stock after selling 56,300 shares during the quarter. Two Sigma Advisers LP’s holdings in Sun Life Financial were worth $26,755,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in SLF. Assetmark Inc. increased 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 worth $31,000 after acquiring an additional 522 shares in the last quarter. GAMMA Investing LLC increased its stake in shares of 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 worth $28,000 after purchasing an additional 562 shares in the last quarter. Addison Advisors LLC raised its position in shares of Sun Life Financial by 124.9% during the 3rd quarter. Addison Advisors LLC now owns 650 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 361 shares during the period. Clean Yield Group purchased a new position in shares of Sun Life Financial during the 3rd quarter valued at $39,000. Finally, Ridgewood Investments LLC bought a new position in Sun Life Financial in the 2nd quarter worth $39,000. Institutional investors own 52.26% of the company’s stock.

Sun Life Financial Stock Performance

SLF opened at $62.14 on Friday. The stock has a market capitalization of $35.77 billion, a price-to-earnings ratio of 13.84, a PEG ratio of 1.59 and a beta of 1.03. The company has a fifty day moving average of $58.80 and a 200 day moving average of $53.90. Sun Life Financial Inc. has a fifty-two week low of $46.41 and a fifty-two week high of $62.85.

Sun Life Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Wednesday, November 27th will be 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 of this dividend is Wednesday, November 27th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 4.00%. Sun Life Financial’s dividend payout ratio (DPR) is presently 55.23%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on SLF. Barclays assumed coverage on Sun Life Financial in a research report on Thursday, September 5th. They issued an “equal weight” rating on the stock. StockNews.com downgraded Sun Life Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, November 19th.

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.