Crossmark Global Holdings Inc. Purchases 10,002 Shares of Sun Life Financial Inc (SLF)

Crossmark Global Holdings Inc. boosted its position in Sun Life Financial Inc (NYSE:SLF) (TSE:SLF) by 16.1% in the 3rd quarter, Holdings Channel reports. The firm owned 72,292 shares of the financial services provider’s stock after acquiring an additional 10,002 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Sun Life Financial were worth $2,874,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Alliancebernstein L.P. lifted its stake in Sun Life Financial by 14.9% during the 3rd quarter. Alliancebernstein L.P. now owns 87,163 shares of the financial services provider’s stock worth $3,466,000 after acquiring an additional 11,277 shares in the last quarter. Commonwealth Bank of Australia lifted its stake in Sun Life Financial by 5.9% during the 3rd quarter. Commonwealth Bank of Australia now owns 88,313 shares of the financial services provider’s stock worth $3,508,000 after acquiring an additional 4,904 shares in the last quarter. Nicola Wealth Management LTD. lifted its stake in Sun Life Financial by 16.1% during the 3rd quarter. Nicola Wealth Management LTD. now owns 259,600 shares of the financial services provider’s stock worth $13,330,000 after acquiring an additional 36,000 shares in the last quarter. Highstreet Asset Management Inc. lifted its stake in Sun Life Financial by 13.4% during the 3rd quarter. Highstreet Asset Management Inc. now owns 190,009 shares of the financial services provider’s stock worth $7,554,000 after acquiring an additional 22,392 shares in the last quarter. Finally, Cidel Asset Management Inc. lifted its stake in Sun Life Financial by 2.0% during the 3rd quarter. Cidel Asset Management Inc. now owns 1,022,607 shares of the financial services provider’s stock worth $40,624,000 after acquiring an additional 19,630 shares in the last quarter. 41.24% of the stock is owned by hedge funds and other institutional investors.

SLF stock opened at $36.52 on Friday. The company has a current ratio of 4.06, a quick ratio of 4.06 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $21.62 billion, a price-to-earnings ratio of 11.41 and a beta of 0.83. Sun Life Financial Inc has a 1 year low of $35.72 and a 1 year high of $44.50.

The business also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Wednesday, November 28th will be given a $0.38 dividend. The ex-dividend date of this dividend is Tuesday, November 27th. This represents a $1.52 dividend on an annualized basis and a yield of 4.16%. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.37. Sun Life Financial’s dividend payout ratio (DPR) is currently 45.63%.

Several equities analysts recently issued reports on SLF shares. Zacks Investment Research raised Sun Life Financial from a “sell” rating to a “hold” rating in a research note on Monday, September 3rd. Canaccord Genuity reissued an “average” rating and set a $53.00 target price on shares of Sun Life Financial in a research note on Friday, November 9th. Desjardins reissued a “buy” rating on shares of Sun Life Financial in a research note on Tuesday, October 16th. ValuEngine lowered Sun Life Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, August 7th. Finally, Barclays reissued a “buy” rating on shares of Sun Life Financial in a research note on Friday, November 9th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $53.60.

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Sun Life Financial Company Profile

Sun Life Financial Inc, a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients, high-net-worth individuals, and families. It operates through Sun Life Financial Canada, Sun Life Financial United States, Sun Life Financial Asset Management, Sun Life Financial Asia, and Corporate segments.

Read More: Stock Split

Want to see what other hedge funds are holding SLF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sun Life Financial Inc (NYSE:SLF) (TSE:SLF).

Institutional Ownership by Quarter for Sun Life Financial (NYSE:SLF)

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