Goldman Sachs Expands Stake in Sun Life Financial Inc. (SLF)

Sun Life Financial Inc. (NYSE:SLF) is among the best safe stocks to buy now. During the first quarter, Goldman Sachs Group Inc. expanded its holdings in Sun Life Financial Inc. (NYSE:SLF) by 282.5%. Following the purchase of 2,050,891 shares of the company’s stock, the investment bank now owns 2,776,920 shares, valued at $159,006,000.

For investors seeking stable income, Sun Life Financial Inc. (NYSE:SLF) is the ideal stock. From an attractive dividend yield to solid underlying earnings and a conservative payout ratio, the company offers what very few do. With a diversified business mix and a strong presence in several markets, the company appears to be in the right direction.

The company’s transition to a capital-light business model isn’t something hidden. During the Barclays 23rd Annual Global Financial Services Conference, management revealed that the strategy adopted by Sun Life Financial Inc. (NYSE:SLF) to enhance its asset management capabilities has really paid off.

Sun Life Financial Inc. (NYSE:SLF) is a Canadian financial services company that offers asset management, wealth, insurance, and health solutions. Founded in 1871, the company is committed to achieving lifetime financial security.

While we acknowledge the potential of SLF as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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