Economy

Has $2941000 Position in Sun Life Financial Inc. (SLF)

Has $2941000 Position in Sun Life Financial Inc. (SLF)”

Candriam Luxembourg S.C.A. cut its position in Sun Life Financial Inc. As of the last earnings report the EPS was $3.22 and is projected to be $3.15 for the current year with 617,204,000 shares now outstanding. Bronfman E.L. Rothschild L.P. now owns 3,587 shares of the financial services provider's stock valued at $131,000 after buying an additional 17 shares in the last quarter. Royal Bank Of Canada raised shares of Sun Life Financial from a "sector perform" rating to an "outperform" rating and set a $51.00 price target on the stock in a research note on Wednesday, June 7th. Sun Life Financial has a payout ratio of 58.0% indicating that its dividend is sufficiently covered by earnings. Accern also gave news headlines about the financial services provider an impact score of 47.9781610913518 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company's share price in the near term.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 29th.

After a recent look, NETGEAR Inc (NTGR) has a 50-day Moving Average of 44.84, the 200-day Moving Average is 50.17, and the 7-day is noted at 46.49. The institutional investor held 292,438 shares of the life insurance company at the end of 2016Q4, valued at $11.24M, up from 264,258 at the end of the previous reported quarter. This dividend represents a yield of $3.23. This was "due in part to a large case annuity sale in our Defined Benefit Solutions business", said Sun Life.

Among 10 analysts covering Sun Life Financial Inc. The stock has a market capitalization of $23.53 billion, a P/E ratio of 11.39 and a beta of 0.88. Equities research analysts at National Bank Financial boosted their Q3 2017 earnings per share (EPS) estimates for shares of Sun Life Financial in a research report issued on Wednesday. Sun Life Financial has a consensus rating of "Hold" and a consensus price target of $45.83.

"Our second quarter reflected strong earnings in all of our four business pillars, with underlying net income of $689 million, up 24 per cent over the same quarter a year ago", said Dean Connor, Sun Life's President & CEO in an announcement issued August 9. Bronfman E.L. Rothschild L.P. increased its position in Sun Life Financial by 0.5% in the first quarter. The ex-dividend date was Fri, May 26th. During the same period in the previous year, the company earned $0.90 earnings per share. Beutel Goodman & Co Ltd. raised its stake in shares of Sun Life Financial by 50.7% in the second quarter. Wetherby Asset Management Inc. now owns 7,456 shares of the financial services provider's stock worth $273,000 after buying an additional 496 shares in the last quarter. Schroder Investment Management Group acquired a new stake in shares of Sun Life Financial during the first quarter worth $2,222,000.

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COPYRIGHT VIOLATION WARNING: This piece was first published by Sports Perspectives and is the sole property of of Sports Perspectives. Finally, Canada Pension Plan Investment Board raised its position in Sun Life Financial by 1,847.8% in the second quarter. Zacks Investment Research upgraded Sun Life Financial from a "sell" rating to a "buy" rating and set a $40.00 price target on the stock in a research note on Wednesday, July 12th. ValuEngine raised Sun Life Financial from a "hold" rating to a "buy" rating in a research report on Wednesday, June 28th.

The share price of the company (NYSE:SLF) was down -1.91%, with a high of 38.91 during the day and the volume of Sun Life Financial Inc. shares traded was 843096. The analyst recommendations from a month ago are 9 Buy, 0 Overweight, 0 Sell, 2 Hold and 0 Underweight. If you are accessing this piece on another website, it was illegally copied and republished in violation of global copyright & trademark laws. Shares repurchase programs are generally an indication that the company's management believes its stock is undervalued. The correct version of this article can be viewed at https://transcriptdaily.com/2017/08/11/sun-life-financial-inc-nyseslf-shares-sold-by-candriam-luxembourg-s-c-a.html. BidaskClub raised Sun Life Financial from a "hold" rating to a "buy" rating in a research report on Saturday, July 8th.

Sun Life Financial announced that its Board of Directors has authorized a share buyback program on Wednesday, August 9th that allows the company to repurchase 11,500,000 outstanding shares.

Sun Life Financial is the holding company of Sun Life Assurance Company of Canada. It operates through five segments.

Several hedge funds have recently made changes to their positions in the stock. The Sun Life Financial Canada segment provides retail insurance and investment advice, products and services to people across Canada.



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