Sun Life Financial (NYSE:SLF) Announces Share Buyback Plan

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The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of stock price movements. Barclays Capital maintained the shares of SLF in report on Monday, March 7 with "Overweight" rating.

After a recent look, Vanguard Mid Cap Value Index Fund (VOE) has a 50-day Moving Average of 103.77, the 200-day Moving Average is 100.61, and the 7-day is noted at 104.07. Can raised its stake in shares of Sun Life Financial by 3.9% in the first quarter. UBS Asset Management Americas Inc. now owns 1,720,171 shares of the financial services provider's stock valued at $62,634,000 after buying an additional 201,540 shares during the last quarter.

Several research analysts have recently commented on SLF shares.

Sun Life Financial Inc's Williams Percent Range or 14 day Williams %R now sits at -37.26. TD Securities cut their target price on shares of Sun Life Financial from C$53.00 to C$49.00 and set a "hold" rating for the company in a report on Wednesday, May 10th. For the next financial year, analysts forecast that the firm will report earnings of $3.25 per share, with EPS estimates ranging from $3.11 to $3.43. Zacks Investment Research now has $40.00 target price on the financial services provider's stock. Stifel Financial has an ownership of 5,811 stocks of the financial services provider's shares valued $209,000 after scooping up an extra 102 shares through out the previous quarter, Pegasus Partners raised its position in Sun Life Financial by 0.6% in the Q1. Bank of America Corporation raised shares of Sun Life Financial from an "underperform" rating to a "hold" rating in a report on Monday, July 10th.

A number of other hedge funds also recently bought and sold shares of SLF. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The institutional investor held 292,438 shares of the life insurance company at the end of 2016Q4, valued at $11.24M, up from 264,258 at the end of the previous reported quarter. Bronfman E.L. Rothschild L.P. now owns 3,587 shares of the financial services provider's stock worth $131,000 after buying an additional 17 shares during the last quarter.

Sun Life Financial (NYSE SLF) traded up 1.79% during midday trading on Wednesday, hitting $38.13. Finally, AGF Investments Inc. increased its stake in Sun Life Financial by 835.2% in the first quarter. Sun Life Financial's dividend payout ratio (DPR) is 40.06%. The key for investors will be to try and locate the winners in the space and find the companies that are either creating new technology or adapting to it rapidly. Jones Collombin Investment Counsel Inc now owns 2,826 shares of the financial services provider's stock worth $101,000 after buying an additional 475 shares in the last quarter.

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"Our second quarter reflected strong earnings in all of our four business pillars, with underlying net income of $689 million, up 24 per cent over the same quarter a year ago", said Dean Connor, Sun Life's President & CEO in an announcement issued August 9. Bank of Nova Scotia raised its stake in shares of Sun Life Financial by 1.2% in the first quarter. Sun Life Financial Inc. Eight Brokerage firms have recommended the share with a hold recommendation and around seven has issued a buy recommendation to the share.

05/24/2016 - Sun Life Financial Inc. had its "outperform" rating reiterated by analysts at National Bank Financial. Sun Life Financial had a net margin of 11.31% and a return on equity of 13.02%.

Additionally the company declared a dividend for shareholders paid on Friday the 30th of June 2017. Investors of record on Wednesday, August 30th will be given a $0.3439 dividend. Shares repurchase programs are usually an indication that the company's leadership believes its shares are undervalued. The ex-dividend date was Friday, May 26th. This represents a $1.38 annualized dividend and a yield of 3.61%.

TRADEMARK VIOLATION WARNING: "Sun Life Financial (NYSE:SLF) Announces Share Buyback Plan" was posted by Rincon Hill News and is the property of of Rincon Hill News. Stifel Financial Corp now owns 5,811 shares of the financial services provider's stock worth $209,000 after buying an additional 102 shares during the last quarter. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of US and worldwide copyright & trademark laws. The Firm is a financial services firm providing a range of insurance, wealth and asset management solutions to individuals and corporate Clients. It operates through five divisions.

Among 10 analysts covering Sun Life Financial Inc.

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