Metis Global Partners LLC Sells 913 Shares of Sun Life Financial Inc. (NYSE:SLF)

Metis Global Partners LLC lowered its stake in shares of Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) by 2.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,756 shares of the financial services provider’s stock after selling 913 shares during the quarter. Metis Global Partners LLC’s holdings in Sun Life Financial were worth $1,958,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake in Sun Life Financial by 6,244.4% in 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 during the period. Assetmark Inc. grew its holdings in shares of Sun Life Financial by 2,747.4% in the third quarter. Assetmark Inc. now owns 541 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 522 shares during the last quarter. Addison Advisors LLC raised its stake in shares of Sun Life Financial by 124.9% during 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 purchased a new position in Sun Life Financial during the 2nd quarter valued at $39,000. Finally, Clean Yield Group purchased a new position in shares of Sun Life Financial in the 3rd quarter valued at approximately $39,000. Hedge funds and other institutional investors own 52.26% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Barclays assumed coverage on shares of Sun Life Financial in a research note on Thursday, September 5th. They issued an “equal weight” rating on the stock. StockNews.com raised Sun Life Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, November 6th.

Sun Life Financial Stock Down 1.3 %

Shares of NYSE SLF opened at $60.25 on Friday. Sun Life Financial Inc. has a 52 week low of $46.41 and a 52 week high of $61.61. The business’s 50 day moving average price is $57.24 and its 200 day moving average price is $52.82. The firm has a market cap of $37.96 billion, a P/E ratio of 13.42, a P/E/G ratio of 1.55 and a beta of 1.01.

Sun Life Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Wednesday, November 27th will be paid a $0.621 dividend. This is an increase from Sun Life Financial’s previous quarterly dividend of $0.59. This represents a $2.48 annualized dividend and a dividend yield of 4.12%. The ex-dividend date of this dividend is Wednesday, November 27th. Sun Life Financial’s dividend payout ratio (DPR) is currently 52.34%.

Sun Life Financial 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.