Hennion & Walsh Asset Management Inc. Cuts Stock Position in Sun Life Financial Inc. (NYSE:SLF)
Hennion & Walsh Asset Management Inc. reduced its stake in Sun Life Financial Inc. (NYSE:SLF – received rating) (TSE:SLF) up 9.1% in the first quarter, according to the latest filing with the Securities and Exchange Commission (SEC). The fund owned 4,151 shares of the financial services provider after selling 418 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Sun Life Financial were valued at $232,000 at the time of the most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also been buying and selling shares of the company recently. Antonetti Capital Management LLC acquired a new position in Sun Life Financial valued at approximately $56,000 during the fourth quarter. Paragon Capital Management Ltd acquired a new position in Sun Life Financial for approximately $26,000 during the fourth quarter. AdvisorNet Financial Inc increased its stake in Sun Life Financial by 149.5% in the first quarter. AdvisorNet Financial Inc now owns 499 shares of the financial services provider, valued at $28,000, after purchasing an additional 299 shares last quarter. CENTRAL TRUST Co acquired a new position in Sun Life Financial valued at approximately $33,000 during the fourth quarter. Finally, Dixon Hughes Goodman Wealth Advisors LLC acquired a new position in Sun Life Financial valued at about $55,000 during the fourth quarter. Institutional investors own 47.14% of the company’s shares.
A number of equities research analysts recently rated SLF stock. National Bank Financial lowered its target price on Sun Life Financial from $72.00 to $68.00 in a research note on Wednesday, June 1st. BMO Capital Markets lowered its target price on Sun Life Financial from C$75.00 to C$72.00 in a research note on Wednesday, June 1st. Desjardins lowered its price target for Sun Life Financial from C$77.00 to C$73.00 in a research note on Monday, May 16. StockNews.com began reporting on Sun Life Financial in a research note on Thursday, March 31. You give the stock a “hold” rating. Finally, on Wednesday, June 1, TD Securities lowered its price target on Sun Life Financial to $68.00 from $72.00 in a research note. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, Sun Life Financial currently has a consensus rating of Moderate Buy and a consensus price target of $72.23.
Sun Life financial stock opened at $43.19 on Friday. Sun Life Financial Inc. has a 52-week low of $42.83 and a 52-week high of $58.49. The company has a market cap of $25.31 billion, a price-to-earnings ratio of 8.26, a price-to-earnings-to-growth ratio of 1.06 and a beta of 1.05. The stock has a 50-day moving average price of $47.20 and a 200-day moving average price of $52.03.
Sun Life Financial (NYSE:SLF – received rating) (TSE:SLF) last announced its quarterly results on Wednesday, May 11th. The financial services firm reported earnings per share (EPS) of $1.14 for the quarter, beating analyst consensus estimates of $1.11 by $0.03. Sun Life Financial had a return on equity of 13.66% and a net margin of 11.38%. The company had revenue of $300.00 million for the quarter. On average, analysts expect Sun Life Financial Inc. to post 4.77 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Shareholders of record were paid a dividend of $0.537 on Wednesday, June 1st. The ex-dividend date of this dividend was Tuesday May 31st. This is an increase from Sun Life Financial’s previous quarterly dividend of $0.52. That equates to an annual dividend of $2.15 and a yield of 4.97%. Sun Life Financial’s payout ratio currently stands at 41.68%.
Company profile of Sun Life Financial (received rating)
Sun Life Financial Inc, a financial services company, provides insurance, wealth and wealth management solutions to individual and corporate clients worldwide. It offers term and permanent life insurance, as well as personal health, dental, critical illness, long-term care and disability insurance products. The company also offers reinsurance products; investment advice and portfolio management; mutual funds and segregated funds; trust and banking services; Real estate brokerage and appraisal; and commercial banking services.
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