EP Wealth Advisors LLC Acquires Shares of 4,576 Sun Life Financial Inc. (NYSE:SLF)

EP Wealth Advisors LLC bought a new position in shares of Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 4,576 shares of the financial services provider’s stock, valued at approximately $266,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Assetmark Inc. boosted its stake in Sun Life Financial by 2,747.4% during the 3rd quarter. Assetmark Inc. now owns 541 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 522 shares during the last quarter. Addison Advisors LLC lifted its holdings 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 purchasing an additional 361 shares in the last quarter. Ridgewood Investments LLC purchased a new position in shares of Sun Life Financial during the second quarter valued at approximately $39,000. Clean Yield Group bought a new stake in Sun Life Financial during the third quarter worth $39,000. Finally, Fairfield Financial Advisors LTD purchased a new stake in Sun Life Financial in the 2nd quarter valued at $43,000. 52.26% of the stock is owned by institutional investors.

Sun Life Financial Stock Down 0.5 %

SLF stock opened at $60.13 on Friday. The business has a 50 day moving average of $59.08 and a 200-day moving average of $54.22. The firm has a market cap of $34.62 billion, a PE ratio of 13.39, a P/E/G ratio of 1.56 and a beta of 1.03. Sun Life Financial Inc. has a 12-month low of $46.41 and a 12-month high of $62.85.

Sun Life Financial Increases Dividend

The firm also recently announced 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. The ex-dividend date is Wednesday, November 27th. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.59. This represents a $2.48 annualized dividend and a dividend yield of 4.13%. Sun Life Financial’s dividend payout ratio (DPR) is currently 55.23%.

Analysts Set New Price Targets

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

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.