Guardian Partners Inc. acquired a new stake in Sun Life Financial Inc. (NYSE:SLF - Free Report) TSE: SLF during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 162,908 shares of the financial services provider's stock, valued at approximately $9,529,000.
A number of other institutional investors have also made changes to their positions in the business. Hillsdale Investment Management Inc. increased its stake in Sun Life Financial by 2,365.9% in the 4th quarter. Hillsdale Investment Management Inc. now owns 121,544 shares of the financial services provider's stock valued at $7,209,000 after buying an additional 116,615 shares during the last quarter. Sei Investments Co. raised its holdings in Sun Life Financial by 14.9% during the fourth quarter. Sei Investments Co. now owns 18,699 shares of the financial services provider's stock worth $1,110,000 after acquiring an additional 2,429 shares in the last quarter. American Century Companies Inc. raised its holdings in Sun Life Financial by 12.0% during the fourth quarter. American Century Companies Inc. now owns 168,299 shares of the financial services provider's stock worth $9,993,000 after acquiring an additional 18,079 shares in the last quarter. Northwest & Ethical Investments L.P. grew its stake in Sun Life Financial by 16.9% in the fourth quarter. Northwest & Ethical Investments L.P. now owns 688,974 shares of the financial services provider's stock valued at $40,835,000 after purchasing an additional 99,702 shares in the last quarter. Finally, FreeGulliver LLC acquired a new position in shares of Sun Life Financial during the 4th quarter worth approximately $352,000. Institutional investors own 52.26% of the company's stock.
Wall Street Analysts Forecast Growth
Several equities research analysts have recently commented on the company. StockNews.com downgraded Sun Life Financial from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. Cormark raised shares of Sun Life Financial from a "hold" rating to a "moderate buy" rating in a research report on Thursday, February 13th. Finally, National Bank Financial raised shares of Sun Life Financial from a "sector perform" rating to an "outperform" rating in a report on Wednesday, January 15th. Two investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Sun Life Financial currently has a consensus rating of "Moderate Buy".
View Our Latest Stock Analysis on Sun Life Financial
Sun Life Financial Price Performance
Sun Life Financial stock traded down $0.06 during mid-day trading on Thursday, hitting $57.12. 338,029 shares of the company's stock traded hands, compared to its average volume of 589,958. The firm has a 50 day simple moving average of $56.73 and a two-hundred day simple moving average of $57.93. Sun Life Financial Inc. has a fifty-two week low of $46.41 and a fifty-two week high of $62.85. The stock has a market cap of $35.71 billion, a price-to-earnings ratio of 14.88, a P/E/G ratio of 1.52 and a beta of 1.04.
Sun Life Financial (NYSE:SLF - Get Free Report) TSE: SLF last posted its earnings results on Wednesday, February 12th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.90 by $0.30. Sun Life Financial had a net margin of 8.08% and a return on equity of 16.86%. On average, research analysts anticipate that Sun Life Financial Inc. will post 5.19 earnings per share for the current fiscal year.
Sun Life Financial Cuts Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Wednesday, February 26th will be given a $0.5876 dividend. This represents a $2.35 annualized dividend and a dividend yield of 4.11%. The ex-dividend date of this dividend is Wednesday, February 26th. Sun Life Financial's payout ratio is 60.16%.
Sun Life Financial Profile
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Free Report)
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.
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