Quantinno Capital Management LP Buys 3,451 Shares of Sun Life Financial Inc. (NYSE:SLF)

Quantinno Capital Management LP boosted its stake in shares of Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) by 4.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 78,102 shares of the financial services provider’s stock after acquiring an additional 3,451 shares during the quarter. Quantinno Capital Management LP’s holdings in Sun Life Financial were worth $4,532,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Assetmark Inc. boosted its stake in shares of 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 purchasing an additional 522 shares during the period. GAMMA Investing LLC boosted its position in 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 valued at $28,000 after buying an additional 562 shares during the period. Addison Advisors LLC grew its holdings in Sun Life Financial by 124.9% in the 3rd quarter. Addison Advisors LLC now owns 650 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 361 shares during the last quarter. Clean Yield Group purchased a new position in shares of Sun Life Financial in the third quarter valued at about $39,000. Finally, Ridgewood Investments LLC bought a new position in shares of Sun Life Financial during the second quarter valued at about $39,000. 52.26% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. StockNews.com downgraded 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 for the company.

Sun Life Financial Stock Performance

SLF stock opened at $62.14 on Friday. The firm has a 50 day moving average price of $58.80 and a 200-day moving average price of $53.90. Sun Life Financial Inc. has a 52-week low of $46.41 and a 52-week high of $62.85. The firm has a market capitalization of $35.77 billion, a price-to-earnings ratio of 13.84, a PEG ratio of 1.59 and a beta of 1.03.

Sun Life Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Wednesday, November 27th will be paid a dividend of $0.621 per share. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.59. This represents a $2.48 dividend on an annualized basis and a yield of 4.00%. The ex-dividend date is Wednesday, November 27th. Sun Life Financial’s dividend payout ratio (DPR) is currently 55.23%.

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.