Evergreen Capital Management LLC Raises Stake in Sun Life Financial Inc. (NYSE:SLF)

Evergreen Capital Management LLC raised its holdings in shares of Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) by 9.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,373 shares of the financial services provider’s stock after acquiring an additional 466 shares during the period. Evergreen Capital Management LLC’s holdings in Sun Life Financial were worth $263,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Verdence Capital Advisors LLC raised its holdings in shares of Sun Life Financial by 1.8% during 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. Sequoia Financial Advisors LLC grew its position in Sun Life Financial by 2.2% during the 1st quarter. Sequoia Financial Advisors LLC now owns 10,302 shares of the financial services provider’s stock worth $562,000 after purchasing an additional 221 shares during the period. Burney Co. raised its stake in shares of Sun Life Financial by 0.3% during the 1st quarter. Burney Co. now owns 89,252 shares of the financial services provider’s stock valued at $4,871,000 after buying an additional 238 shares during the last quarter. Claret Asset Management Corp lifted its holdings in shares of Sun Life Financial by 3.4% in the 1st quarter. Claret Asset Management Corp now owns 8,334 shares of the financial services provider’s stock valued at $455,000 after buying an additional 272 shares during the period. Finally, PDS Planning Inc boosted its stake in shares of Sun Life Financial by 6.2% in the first quarter. PDS Planning Inc now owns 5,245 shares of the financial services provider’s stock worth $286,000 after buying an additional 308 shares during the last quarter. 52.26% of the stock is owned by hedge funds and other institutional investors.

Sun Life Financial Trading Down 0.5 %

NYSE SLF opened at $57.82 on Friday. The stock has a market capitalization of $33.37 billion, a price-to-earnings ratio of 14.79, a PEG ratio of 1.48 and a beta of 1.00. The stock has a 50-day moving average of $52.74 and a 200 day moving average of $51.73. Sun Life Financial Inc. has a twelve month low of $44.57 and a twelve month high of $58.49.

Sun Life Financial (NYSE:SLF) (TSE:SLF) last announced its earnings results on Monday, August 12th. The financial services provider reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.07. Sun Life Financial had a return on equity of 17.47% and a net margin of 8.60%. The business had revenue of $6.52 billion during the quarter, compared to the consensus estimate of $6.72 billion. Equities analysts predict that Sun Life Financial Inc. will post 4.86 EPS for the current fiscal year.

Sun Life Financial Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Wednesday, August 28th were given a $0.587 dividend. The ex-dividend date of this dividend was Wednesday, August 28th. This represents a $2.35 annualized dividend and a dividend yield of 4.06%. Sun Life Financial’s dividend payout ratio (DPR) is 60.10%.

Analysts Set New Price Targets

SLF has been the subject of a number of analyst reports. Barclays began coverage on Sun Life Financial in a report on Thursday, September 5th. They issued an “equal weight” rating for the company. Argus raised shares of Sun Life Financial to a “strong-buy” rating in a report on Monday, June 3rd.

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.