A number of other research analysts have also commented on SLF. Barclays lowered shares of Sun Life Financial from an “equal weight” rating to an “underweight” rating in a research report on Monday, July 7th. BMO Capital Markets restated an “outperform” rating on shares of Sun Life Financial in a research report on Monday, May 12th. Royal Bank Of Canada boosted their price target on shares of Sun Life Financial from $82.00 to $88.00 and gave the company an “outperform” rating in a research report on Monday, May 12th. Finally, Scotiabank restated an “outperform” rating on shares of Sun Life Financial in a research report on Thursday, May 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $88.00.

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SLF opened at $62.77 on Monday. The company has a fifty day moving average price of $63.79 and a 200-day moving average price of $59.44. The firm has a market capitalization of $35.38 billion, a P/E ratio of 15.97, a price-to-earnings-growth ratio of 1.67 and a beta of 0.91. Sun Life Financial has a one year low of $46.41 and a one year high of $66.81.

Sun Life Financial (NYSE:SLF – Get Free Report) (TSE:SLF) last issued its earnings results on Thursday, May 8th. The financial services provider reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.05. Sun Life Financial had a net margin of 7.47% and a return on equity of 17.33%. The business had revenue of $7.91 billion for the quarter, compared to analysts’ expectations of $6.44 billion. During the same quarter in the previous year, the firm posted $1.40 EPS.

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Wednesday, May 28th were given a $0.6332 dividend. The ex-dividend date of this dividend was Wednesday, May 28th. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.59. This represents a $2.53 annualized dividend and a yield of 4.04%. Sun Life Financial’s payout ratio is 64.89%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Investment Management Corp VA ADV boosted its position in Sun Life Financial by 164.5% during the first quarter. Investment Management Corp VA ADV now owns 619 shares of the financial services provider’s stock valued at $35,000 after buying an additional 385 shares during the period. Hexagon Capital Partners LLC boosted its position in Sun Life Financial by 53.2% during the first quarter. Hexagon Capital Partners LLC now owns 665 shares of the financial services provider’s stock valued at $38,000 after buying an additional 231 shares during the period. Financial Gravity Asset Management Inc. purchased a new stake in Sun Life Financial during the first quarter valued at about $55,000. GeoWealth Management LLC boosted its position in Sun Life Financial by 4,657.1% during the fourth quarter. GeoWealth Management LLC now owns 999 shares of the financial services provider’s stock valued at $59,000 after buying an additional 978 shares during the period. Finally, Farther Finance Advisors LLC boosted its position in Sun Life Financial by 295.7% during the second quarter. Farther Finance Advisors LLC now owns 1,116 shares of the financial services provider’s stock valued at $74,000 after buying an additional 834 shares during the period. 52.26% of the stock is currently owned by hedge funds and other institutional investors.

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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.

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