Public Sector Pension Investment Board Has $4.40 Million Holdings in Sun Life Financial Inc. (NYSE:SLF)

Public Sector Pension Investment Board decreased its holdings in Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) by 0.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 75,771 shares of the financial services provider’s stock after selling 497 shares during the period. Public Sector Pension Investment Board’s holdings in Sun Life Financial were worth $4,400,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in SLF. GAMMA Investing LLC raised its stake in shares of Sun Life Financial by 6,244.4% during the 2nd quarter. GAMMA Investing LLC now owns 571 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 562 shares in the last quarter. Assetmark Inc. raised its position in Sun Life Financial by 2,747.4% during the third quarter. Assetmark Inc. now owns 541 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 522 shares in the last quarter. Addison Advisors LLC lifted its stake in Sun Life Financial by 124.9% in the third quarter. Addison Advisors LLC now owns 650 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 361 shares during the last quarter. Ridgewood Investments LLC acquired a new stake in Sun Life Financial in the second quarter valued at approximately $39,000. Finally, Clean Yield Group bought a new stake in Sun Life Financial in the third quarter worth approximately $39,000. 52.26% of the stock is owned by hedge funds and other institutional investors.

Sun Life Financial Trading Up 0.6 %

Shares of Sun Life Financial stock opened at $61.74 on Tuesday. Sun Life Financial Inc. has a 1-year low of $46.41 and a 1-year high of $61.86. The firm has a fifty day simple moving average of $58.36 and a 200-day simple moving average of $53.55. The stock has a market capitalization of $35.54 billion, a price-to-earnings ratio of 13.75, a PEG ratio of 1.58 and a beta of 1.01.

Sun Life Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Wednesday, November 27th will be paid a dividend of $0.621 per share. This is an increase from Sun Life Financial’s previous quarterly dividend of $0.59. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $2.48 annualized dividend and a yield of 4.02%. Sun Life Financial’s dividend payout ratio is presently 55.23%.

Analyst Ratings Changes

SLF has been the topic of a number of recent research reports. StockNews.com downgraded shares of Sun Life Financial from a “buy” rating to a “hold” rating in a report on Tuesday, November 19th. Barclays initiated coverage on Sun Life Financial in a report on Thursday, September 5th. They set an “equal weight” rating on the stock.

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.