3 Stocks That Will Suffer if the Canada-China Spat Worsens

Bridgewater Associates founder Ray Dalio said in 2017 that political shifts would shake markets in the coming years. That prediction has proven …

In August 2018, I’d discussed how the spat between Canada and Saudi Arabia proved that politics would play a larger role for investors. Bridgewater Associates founder Ray Dalio said in 2017 that political shifts would shake markets in the coming years. That prediction has proven accurate as we sit in early 2019.

Recent tensions between Canada and China threaten to throw a close economic relationship into turmoil. The arrest of Huawei executive Meng Wanzhou by Canadian authorities in December cooled relations between the two countries. China has responded by detaining Canadian ex-diplomat Michael Kovrig. Chinese courts also held a one-day retrial for Canadian Robert Schellenberg on drug charges in which they changed his sentence from 15 years to death.

China has demonstrated that it is more than willing to throw its weight around in this geopolitical struggle. It has also threatened boycotts of Canadian goods, which could throw the growth strategies of top Canadian companies into flux.

Canada Goose(TSX:GOOS)(NYSE:GOOS) stock has dropped 9.2% over a three-month span as of early afternoon trading on January 17. The company’s growth strategy heading into the next decade is largely dependent on its expansion in China. Canada Goose sees 10% of its international business stem from activity in China.

In late December, Canada Goose opened its new outdoor wear store in downtown Beijing. Reuters reported large crowds at the retail outlet, despite sub-freezing temperatures and poor relations between the two nations. Canada Goose has been mum on Chinese social media while moving forward on the opening.

Chinese consumers account for more than 35% of luxury spending worldwide, and this number is expected to grow in the next decade. Canada Goose is well positioned to take advantage of this influential consumer base, but its lucrative brand will be at risk in mainland China if relations do not improve going forward.

Manulife Financial(TSX:MFC)(NYSE:MFC) and Sun Life Financial(TSX:SLF)(NYSE:SLF) have been the beneficiaries of a burgeoning middle class in China. Both stocks have started off well in 2019. Manulife and Sun Life are not at risk of brand contamination like Canada Goose, but a rocky relationship between Canada and China has the potential to threaten financial ties.

More alarming is the impact rising trade tensions will have on global growth. In this instance, the ongoing dispute between the United States and China is the more pressing concern. Manulife and Sun Life have reaped the rewards of a growing middle class in China. In January, 12 of China’s 31 province-level divisions had downgraded their growth targets for 2019. The most populous province, Henan, has downgraded its target from 7.5% to 6.5% this year. The Beijing region has also downgraded its growth target to 6% from 6.5%.

Manulife was able to rely on strong growth in its Asia business in Q3 2018, but Sun Life saw a 24% year-over-year dip in reported net income. This was due to unfavourable market conditions, which will likely spill into Q4 and 2019.

Investor should not expect Canada-China relations to warm any time soon. Canada is locked in with its ally the United States in what could be a prolonged trade war with China that will extend into the next decade.

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Sun Life Finl INC (SLF) Shares Declined While Her Majesty The Queen In Right Of The Province Of …

The holdings In Sun Life Finl Inc (SLF) was decreased owned by Her … shares it increased its holding in Canopy Growth Corp by 335,600 shares in …

Sun Life Financial Inc. (NYSE:SLF) Corporate Logo

The holdings In Sun Life Finl Inc (SLF) was decreased owned by Her Majesty The Queen In Right Of The Province Of Alberta Alberta Investment Management Corp. According to 2018Q3 SEC form the decrease is 6.91%. The company’s stock sank 12.11% while Her Majesty The Queen In Right Of The Province Of Alberta Alberta Investment Management Corp sold 239,400 shares. At the end of 2018Q3, the 3.23 million shares of the life insurance company held by the institutional investor were priced at $165.66M, down from 3.47M at the end of the previous reported quarter. $21.37 billion is the MC of Sun Life Finl Inc. The stock increased 0.20% or $0.07 during the last trading session, reaching $35.45.Sun Life Financial Inc. has volume of 357,297 shares. Since January 13, 2018 SLF has declined 16.57% and is downtrending. SLF underperformed the S&P500 by 16.57%.

According to a filing Her Majesty The Queen In Right Of The Province Of Alberta Alberta Investment Management Corp upped its stake in Quest Diagnostics Inc (NYSE:DGX) by 28,800 shares to 36,800 shares, valued at $3.97M in 2018Q3. The fund operates about $11.74B US Long portfolio. For a total of 344,200 shares it increased its holding in Canopy Growth Corp by 335,600 shares in the quarter, and has risen its stake in T Mobile Us Inc (NYSE:TMUS).

Earnings report for Sun Life Financial Inc. (NYSE:SLF) is awaited on February, 13., as reported by RTT. Analysts forecast $0.90 EPS. That’s $0.07 up or 8.43 % from 2018’s earnings of $0.83. SLF’s profit could hit $542.54 million if the current EPS of $0.90 is accurate. Wall Street now sees -2.17 % negative EPS growth despite Sun Life Financial Inc. previous quarter’s EPS of $0.92.

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Sun Life Financial Inc (NYSE:SLF) Position Boosted by AQR Capital Management LLC

Bridgewater Associates LP increased its holdings in Sun Life Financial by 226.0% in the 2nd quarter. Bridgewater Associates LP now owns 262,520 …

Sun Life Financial logoAQR Capital Management LLC grew its holdings in Sun Life Financial Inc (NYSE:SLF) (TSE:SLF) by 79.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 824,110 shares of the financial services provider’s stock after purchasing an additional 366,130 shares during the quarter. AQR Capital Management LLC owned about 0.14% of Sun Life Financial worth $32,739,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Ontario Teachers Pension Plan Board raised its position in shares of Sun Life Financial by 538.9% during the 2nd quarter. Ontario Teachers Pension Plan Board now owns 122,706 shares of the financial services provider’s stock valued at $4,931,000 after buying an additional 103,499 shares during the period. Man Group plc increased its holdings in Sun Life Financial by 262.6% in the 3rd quarter. Man Group plc now owns 397,843 shares of the financial services provider’s stock valued at $15,816,000 after purchasing an additional 288,134 shares during the last quarter. Bridgewater Associates LP increased its holdings in Sun Life Financial by 226.0% in the 2nd quarter. Bridgewater Associates LP now owns 262,520 shares of the financial services provider’s stock valued at $10,543,000 after purchasing an additional 182,000 shares during the last quarter. Bank of Nova Scotia increased its holdings in Sun Life Financial by 6.4% in the 2nd quarter. Bank of Nova Scotia now owns 3,148,394 shares of the financial services provider’s stock valued at $126,759,000 after purchasing an additional 189,407 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Sun Life Financial by 0.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,588,515 shares of the financial services provider’s stock valued at $63,159,000 after purchasing an additional 8,066 shares during the last quarter. 40.98% of the stock is currently owned by institutional investors and hedge funds.

SLF traded up $0.07 on Friday, reaching $35.45. The company had a trading volume of 357,200 shares, compared to its average volume of 549,963. Sun Life Financial Inc has a 1 year low of $31.49 and a 1 year high of $44.50. The stock has a market cap of $21.15 billion, a PE ratio of 11.07 and a beta of 0.86.

Sun Life Financial (NYSE:SLF) (TSE:SLF) last announced its earnings results on Wednesday, November 7th. The financial services provider reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.89 by $0.03. Sun Life Financial had a net margin of 8.15% and a return on equity of 13.74%. The business had revenue of $4.59 billion during the quarter. On average, analysts anticipate that Sun Life Financial Inc will post 3.69 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, December 31st. Stockholders of record on Wednesday, November 28th were issued a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.29%. This is a boost from Sun Life Financial’s previous quarterly dividend of $0.37. The ex-dividend date was Tuesday, November 27th. Sun Life Financial’s dividend payout ratio is presently 47.50%.

SLF has been the subject of several research reports. Zacks Investment Research restated a “hold” rating on shares of Sun Life Financial in a research note on Thursday, November 15th. Desjardins restated a “buy” rating on shares of Sun Life Financial in a research note on Tuesday, October 16th. CIBC restated an “average” rating and issued a $53.00 price target on shares of Sun Life Financial in a research note on Thursday, December 20th. Canaccord Genuity reiterated an “average” rating and set a $53.00 target price on shares of Sun Life Financial in a research note on Friday, November 9th. Finally, Barclays reiterated a “buy” rating on shares of Sun Life Financial in a research note on Friday, November 9th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $53.80.

TRADEMARK VIOLATION NOTICE: “Sun Life Financial Inc (NYSE:SLF) Position Boosted by AQR Capital Management LLC” was originally reported by PressOracle and is owned by of PressOracle. If you are viewing this news story on another site, it was copied illegally and republished in violation of international trademark & copyright laws. The legal version of this news story can be read at https://pressoracle.com/news/2019/01/12/aqr-capital-management-llc-raises-position-in-sun-life-financial-inc-slf.html.

Sun Life Financial Company Profile

Sun Life Financial Inc, a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients, high-net-worth individuals, and families. It operates through Sun Life Financial Canada, Sun Life Financial United States, Sun Life Financial Asset Management, Sun Life Financial Asia, and Corporate segments.

Featured Article: Intrinsic Value and Stock Selection

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

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Greystone Managed Investments Lowered Its Sun Life Finl (SLF) Position by $13.72 Million …

Some Historical TJX News: 15/05/2018 – Two Sigma Investments Adds TJX, Exits Walgreens Boots: 13F; 04/04/2018 – TJX COMPANIES SAYS IS …

The TJX Companies, Inc. (NYSE:TJX) Logo

Tillar-Wenstrup Advisors Llc decreased its stake in Tjx Cos. Inc. (TJX) by 24.04% based on its latest 2018Q3 regulatory filing with the SEC. Tillar-Wenstrup Advisors Llc sold 6,259 shares as the company’s stock declined 16.60% with the market. The institutional investor held 19,772 shares of the consumer services company at the end of 2018Q3, valued at $2.22 million, down from 26,031 at the end of the previous reported quarter. Tillar-Wenstrup Advisors Llc who had been investing in Tjx Cos. Inc. for a number of months, seems to be less bullish one the $55.99B market cap company. The stock increased 2.74% or $1.21 during the last trading session, reaching $45.4. About 6.32M shares traded. The TJX Companies, Inc. (NYSE:TJX) has risen 25.16% since January 6, 2018 and is uptrending. It has outperformed by 25.16% the S&P500. Some Historical TJX News: 15/05/2018 – Two Sigma Investments Adds TJX, Exits Walgreens Boots: 13F; 04/04/2018 – TJX COMPANIES SAYS IS EXPECTING SUBSTANTIAL CASH BENEFIT FROM RECENT CHANGES IN U.S. FEDERAL TAX LAW; 22/05/2018 – TJX COMPANIES INC – FULL YEAR GUIDANCE INCLUDES EXPECTED BENEFIT OF ABOUT $0.72 TO $0.73/SHARE DUE TO ITEMS RELATED TO THE 2017 TAX CUTS AND JOBS ACT; 22/05/2018 – TJX COMPANIES INC QTRLY CONSOLIDATED COMP STORE SALES INCREASED 3%; 22/05/2018 – TJX COMPANIES INC – SEES CONSOLIDATED COMPARABLE STORE SALES GROWTH OF 1% TO 2% IN 2019; 22/05/2018 – TJX COMPANIES INC QTRLY ADJUSTED DILUTED EPS OF $0.96; 12/03/2018 TJX COMPANIES INC TJX.N : CREDIT SUISSE STARTS WITH NEUTRAL RATING; $85 TARGET PRICE; 04/04/2018 – TJX COS. PLANS FY19 SHARE BUYBACK PROGRAM ABOUT $2.5B TO $3.0B; 30/05/2018 – ♫ Reuters Insider – Retailers that are expanding offer ‘experiences’; 22/05/2018 – TJX SEES 2Q EPS $1.02 TO $1.04, EST. $1.10

Greystone Managed Investments Inc decreased its stake in Sun Life Finl Inc (SLF) by 27.98% based on its latest 2018Q3 regulatory filing with the SEC. Greystone Managed Investments Inc sold 351,917 shares as the company’s stock declined 12.11% with the market. The institutional investor held 905,886 shares of the life insurance company at the end of 2018Q3, valued at $35.99 million, down from 1.26M at the end of the previous reported quarter. Greystone Managed Investments Inc who had been investing in Sun Life Finl Inc for a number of months, seems to be less bullish one the $20.57 billion market cap company. The stock increased 2.06% or $0.68 during the last trading session, reaching $33.7. About 545,695 shares traded. Sun Life Financial Inc. (NYSE:SLF) has declined 16.57% since January 6, 2018 and is downtrending. It has underperformed by 16.57% the S&P500. Some Historical SLF News: 08/05/2018 – Sun Life Raises Dividend to C$0.475; 02/05/2018 – PBOC OFFERED 46.7B YUAN OF SLF IN APRIL; 23/03/2018 – Sun Life Financial Closes Below 50-Day Average: Technicals; 03/04/2018 – SUN LIFE FINANCIAL INC – ALIGNING INTERNATIONAL HIGH NET WORTH LIFE INSURANCE BUSINESS WITH ITS SLF ASIA BUSINESS GROUP; 08/05/2018 – Sun Life Fincl 1Q Rev C$6B; 08/05/2018 – SUN LIFE FINANCIAL INC – QTRLY TOTAL REVENUE $5,993 MLN VS $7,009 MLN; 09/05/2018 – TABLE-Sun-Life 4656.T -2017/18 group results; 08/05/2018 – Sun Life 1Q EPS C$1.09; 02/04/2018 – Fidelity Canada Adds Sun Life Financial; 02/04/2018 – CHINA C.BANK: LENT 21.72 BLN YUAN FOR 7-DAY PERIOD VIA SLF IN MARCH

More notable recent Sun Life Financial Inc. (NYSE:SLF) news were published by: Fool.ca which released: “RRSP Investors: Should You Buy Sun Life Financial Inc. (TSX:SLF) or Suncor Energy Inc. (TSX:SU) Stock Today? – The Motley Fool Canada” on October 24, 2018, also Fool.ca with their article: “Buy Toronto-Dominion Bank (TSX:TD) and Other Financials As Interest Rise at a Faster Pace – The Motley Fool Canada” published on October 04, 2018, Fool.ca published: “Which Canadian Life Insurance Company Should You Add to Your Dividend Portfolio Today? – The Motley Fool Canada” on July 27, 2018. More interesting news about Sun Life Financial Inc. (NYSE:SLF) were released by: Seekingalpha.com and their article: “Sun Life Financial, Inc. 2018 Q3 – Results – Earnings Call Slides – Seeking Alpha” published on November 08, 2018 as well as Fool.ca‘s news article titled: “Rising Interest Rates Will Likely Take Manulife Financial Corp. (TSX:MFC) Higher – The Motley Fool Canada” with publication date: November 01, 2018.

Analysts await Sun Life Financial Inc. (NYSE:SLF) to report earnings on February, 13. They expect $0.90 earnings per share, up 8.43% or $0.07 from last year’s $0.83 per share. SLF’s profit will be $549.27 million for 9.36 P/E if the $0.90 EPS becomes a reality. After $0.92 actual earnings per share reported by Sun Life Financial Inc. for the previous quarter, Wall Street now forecasts -2.17% negative EPS growth.

Among 12 analysts covering Sun Life Financial Inc. (NYSE:SLF), 6 have Buy rating, 0 Sell and 6 Hold. Therefore 50% are positive. Sun Life Financial Inc. had 26 analyst reports since August 6, 2015 according to SRatingsIntel. Credit Suisse downgraded the shares of SLF in report on Wednesday, May 10 to “Neutral” rating. As per Monday, September 21, the company rating was upgraded by Bank of America. The stock of Sun Life Financial Inc. (NYSE:SLF) earned “Overweight” rating by Barclays Capital on Monday, March 7. The firm has “Outperform” rating given on Wednesday, June 7 by RBC Capital Markets. The company was downgraded on Friday, February 17 by RBC Capital Markets. The firm has “Equal-Weight” rating given on Thursday, October 5 by Morgan Stanley. The firm has “Buy” rating by BMO Capital Markets given on Friday, February 16. Credit Suisse upgraded the stock to “Outperform” rating in Thursday, August 6 report. Macquarie Research upgraded Sun Life Financial Inc. (NYSE:SLF) on Thursday, September 10 to “Outperform” rating. The firm has “Hold” rating given on Friday, December 23 by Argus Research.

Investors sentiment decreased to 0.98 in Q3 2018. Its down 0.03, from 1.01 in 2018Q2. It worsened, as 33 investors sold TJX shares while 403 reduced holdings. 134 funds opened positions while 293 raised stakes. 517.51 million shares or 1.90% less from 527.52 million shares in 2018Q2 were reported. Jnba Financial Advsrs stated it has 0.09% of its portfolio in The TJX Companies, Inc. (NYSE:TJX). Investec Asset Mngmt stated it has 273,557 shares. Glenmede Trust Na has 0.35% invested in The TJX Companies, Inc. (NYSE:TJX). 1.82M were reported by Dimensional Fund Advisors Ltd Partnership. Flossbach Von Storch Ag has 940,267 shares for 0.96% of their portfolio. Folger Nolan Fleming Douglas Management Inc holds 2,000 shares. Citadel Advsrs Limited Liability has 2.54M shares. Employees Retirement Systems Of Texas reported 134,000 shares. Architects reported 0.07% stake. Thrivent For Lutherans invested in 0.01% or 29,153 shares. Dynamic Advisor Solutions Lc, Arizona-based fund reported 4,864 shares. Reilly Ltd Limited Liability Company holds 127,989 shares. Lowe Brockenbrough & stated it has 63,494 shares or 0.99% of all its holdings. Pub Employees Retirement Of Ohio holds 0.33% or 601,953 shares in its portfolio. Public Sector Pension Invest Board holds 0.23% of its portfolio in The TJX Companies, Inc. (NYSE:TJX) for 288,133 shares.

More recent The TJX Companies, Inc. (NYSE:TJX) news were published by: Seekingalpha.com which released: “TJX Companies Is Finally A Buy Again – Seeking Alpha” on December 29, 2018. Also Seekingalpha.com published the news titled: “TJX Companies: Good Entry Point – Seeking Alpha” on December 11, 2018. Seekingalpha.com‘s news article titled: “Discounters start the new year full of momentum – Seeking Alpha” with publication date: January 02, 2019 was also an interesting one.

Tillar-Wenstrup Advisors Llc, which manages about $178.25M and $183.83M US Long portfolio, upped its stake in Tencent Holdings (TCEHY) by 12,719 shares to 48,214 shares, valued at $1.97 million in 2018Q3, according to the filing. It also increased its holding in Ishares Msci Usa Quality (QUAL) by 17,219 shares in the quarter, for a total of 55,264 shares, and has risen its stake in Ishares Msci Usa Momentum (MTUM).

Among 35 analysts covering The TJX Companies (NYSE:TJX), 26 have Buy rating, 1 Sell and 8 Hold. Therefore 74% are positive. The TJX Companies had 108 analyst reports since August 10, 2015 according to SRatingsIntel. The firm earned “Overweight” rating on Friday, March 2 by Morgan Stanley. As per Tuesday, September 26, the company rating was maintained by BMO Capital Markets. The rating was maintained by Morgan Stanley with “Overweight” on Wednesday, November 15. Stifel Nicolaus maintained the stock with “Buy” rating in Wednesday, November 16 report. Atlantic Securities downgraded the stock to “Neutral” rating in Tuesday, June 26 report. BMO Capital Markets maintained The TJX Companies, Inc. (NYSE:TJX) on Thursday, March 1 with “Outperform” rating. Credit Suisse maintained the shares of TJX in report on Wednesday, August 16 with “Neutral” rating. The firm has “Buy” rating given on Tuesday, August 15 by BMO Capital Markets. On Wednesday, August 19 the stock rating was maintained by Telsey Advisory Group with “Market Perform”. The stock of The TJX Companies, Inc. (NYSE:TJX) earned “Buy” rating by Nomura on Wednesday, January 17.

Analysts await The TJX Companies, Inc. (NYSE:TJX) to report earnings on February, 27. They expect $0.68 EPS, down 1.45% or $0.01 from last year’s $0.69 per share. TJX’s profit will be $838.54 million for 16.69 P/E if the $0.68 EPS becomes a reality. After $0.63 actual EPS reported by The TJX Companies, Inc. for the previous quarter, Wall Street now forecasts 7.94% EPS growth.

The TJX Companies, Inc. (NYSE:TJX) Institutional Positions Chart

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AQR Capital Management LLC Buys 366130 Shares of Sun Life Financial Inc (NYSE:SLF)

Bridgewater Associates LP raised its holdings in Sun Life Financial by 226.0% during the second quarter. Bridgewater Associates LP now owns …

Sun Life Financial logoAQR Capital Management LLC grew its position in Sun Life Financial Inc (NYSE:SLF) (TSE:SLF) by 79.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 824,110 shares of the financial services provider’s stock after acquiring an additional 366,130 shares during the period. AQR Capital Management LLC owned about 0.14% of Sun Life Financial worth $32,739,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Ontario Teachers Pension Plan Board lifted its position in shares of Sun Life Financial by 538.9% during the 2nd quarter. Ontario Teachers Pension Plan Board now owns 122,706 shares of the financial services provider’s stock valued at $4,931,000 after acquiring an additional 103,499 shares during the period. Man Group plc raised its holdings in Sun Life Financial by 262.6% during the third quarter. Man Group plc now owns 397,843 shares of the financial services provider’s stock worth $15,816,000 after buying an additional 288,134 shares during the last quarter. Bridgewater Associates LP raised its holdings in Sun Life Financial by 226.0% during the second quarter. Bridgewater Associates LP now owns 262,520 shares of the financial services provider’s stock worth $10,543,000 after buying an additional 182,000 shares during the last quarter. Bank of Nova Scotia raised its holdings in Sun Life Financial by 6.4% during the second quarter. Bank of Nova Scotia now owns 3,148,394 shares of the financial services provider’s stock worth $126,759,000 after buying an additional 189,407 shares during the last quarter. Finally, Bank of Montreal Can raised its holdings in Sun Life Financial by 19.0% during the third quarter. Bank of Montreal Can now owns 12,771,456 shares of the financial services provider’s stock worth $507,793,000 after buying an additional 2,039,994 shares during the last quarter. 40.99% of the stock is owned by institutional investors.

Several analysts have recently issued reports on the stock. Canaccord Genuity reiterated an “average” rating and issued a $53.00 target price on shares of Sun Life Financial in a research note on Friday, November 9th. Zacks Investment Research lowered shares of Sun Life Financial from a “hold” rating to a “sell” rating in a research report on Thursday. Desjardins reissued a “buy” rating on shares of Sun Life Financial in a report on Tuesday, October 16th. CIBC reissued an “average” rating and issued a $53.00 price target on shares of Sun Life Financial in a report on Thursday, December 20th. Finally, Argus raised shares of Sun Life Financial from a “hold” rating to a “buy” rating in a report on Monday. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $53.80.

SLF opened at $33.02 on Friday. Sun Life Financial Inc has a 1 year low of $31.49 and a 1 year high of $44.50. The stock has a market capitalization of $20.02 billion, a PE ratio of 10.32 and a beta of 0.86.

Sun Life Financial (NYSE:SLF) (TSE:SLF) last released its quarterly earnings results on Wednesday, November 7th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.89 by $0.03. Sun Life Financial had a return on equity of 13.74% and a net margin of 8.15%. The business had revenue of $4.59 billion during the quarter. As a group, research analysts expect that Sun Life Financial Inc will post 3.69 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 31st. Stockholders of record on Wednesday, November 28th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 4.60%. This is a boost from Sun Life Financial’s previous quarterly dividend of $0.37. The ex-dividend date was Tuesday, November 27th. Sun Life Financial’s dividend payout ratio is 47.50%.

ILLEGAL ACTIVITY NOTICE: This article was originally posted by PressOracle and is owned by of PressOracle. If you are viewing this article on another site, it was illegally copied and republished in violation of U.S. & international copyright and trademark legislation. The correct version of this article can be viewed at https://pressoracle.com/news/2019/01/04/aqr-capital-management-llc-raises-position-in-sun-life-financial-inc-slf.html.

Sun Life Financial Profile

Sun Life Financial Inc, a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients, high-net-worth individuals, and families. It operates through Sun Life Financial Canada, Sun Life Financial United States, Sun Life Financial Asset Management, Sun Life Financial Asia, and Corporate segments.

Further Reading: How to interpret a stock’s beta number

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

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