Childress Capital Advisors LLC Makes New Investment in Sun Life Financial Inc. (NYSE:SLF)

Childress Capital Advisors LLC acquired a new position in shares of Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,921 shares of the financial services provider’s stock, valued at approximately $85,000.

A number of other large investors have also recently made changes to their positions in SLF. NewSquare Capital LLC bought a new stake in shares of Sun Life Financial in the 4th quarter valued at about $27,000. Freedman Financial Associates Inc. bought a new stake in shares of Sun Life Financial in the 4th quarter valued at about $37,000. Cowa LLC acquired a new position in shares of Sun Life Financial in the 4th quarter valued at approximately $50,000. Johnson Midwest Financial LLC acquired a new position in shares of Sun Life Financial in the 4th quarter valued at approximately $65,000. Finally, International Assets Investment Management LLC acquired a new position in shares of Sun Life Financial in the 4th quarter valued at approximately $75,000. 43.56% of the stock is owned by hedge funds and other institutional investors.

SLF has been the topic of a number of analyst reports. Credit Suisse Group upped their price objective on Sun Life Financial from $65.00 to $67.00 and gave the stock an “outperform” rating in a research note on Friday, February 12th. Zacks Investment Research cut Sun Life Financial from a “buy” rating to a “hold” rating and set a $46.00 price objective on the stock. in a research note on Tuesday, January 5th. National Bank Financial upgraded Sun Life Financial from a “sector perform” rating to an “outperform” rating in a research note on Monday, January 18th. Scotiabank upgraded Sun Life Financial from a “sector perform” rating to an “outperform” rating in a research note on Friday, January 29th. Finally, Canaccord Genuity upped their price objective on Sun Life Financial from $68.50 to $69.00 and gave the stock a “buy” rating in a research note on Friday, February 12th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $62.45.

SLF stock opened at $51.16 on Thursday. The stock has a market capitalization of $34.65 billion, a price-to-earnings ratio of 16.94, a PEG ratio of 1.30 and a beta of 1.07. The business’s fifty day moving average price is $50.45 and its two-hundred day moving average price is $45.88. Sun Life Financial Inc. has a fifty-two week low of $30.29 and a fifty-two week high of $52.15.

Sun Life Financial (NYSE:SLF) (TSE:SLF) last posted its quarterly earnings data on Wednesday, February 10th. The financial services provider reported $1.47 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.51. The firm had revenue of $8.94 billion for the quarter. Sun Life Financial had a return on equity of 14.09% and a net margin of 6.19%. During the same quarter in the previous year, the business earned $1.34 EPS. Equities research analysts expect that Sun Life Financial Inc. will post 4.06 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 31st. Shareholders of record on Monday, March 1st were given a dividend of $0.433 per share. This is a boost from Sun Life Financial’s previous quarterly dividend of $0.41. The ex-dividend date was Friday, February 26th. This represents a $1.73 annualized dividend and a yield of 3.39%. Sun Life Financial’s dividend payout ratio (DPR) is presently 42.42%.

Sun Life Financial Profile

Sun Life Financial Inc, a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients worldwide. It offers term and permanent life, as well as health, dental, critical illness, long-term care, and disability insurance products. The company also provides reinsurance products; investment counselling and portfolio management services; mutual funds and segregated funds; trust and banking services; real estate property brokerage and appraisal services; and merchant banking services.

Further Reading: How does a security become overbought?

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

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