American Century Companies Inc. Buys 18,079 Shares of Sun Life Financial Inc. (NYSE:SLF)

American Century Companies Inc. increased its position in shares of Sun Life Financial Inc. (NYSE:SLF - Free Report) TSE: SLF by 12.0% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 168,299 shares of the financial services provider's stock after buying an additional 18,079 shares during the quarter. American Century Companies Inc.'s holdings in Sun Life Financial were worth $9,993,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Human Investing LLC bought a new stake in Sun Life Financial during the fourth quarter worth about $26,000. Asset Planning Inc bought a new stake in shares of Sun Life Financial during the 4th quarter worth approximately $40,000. BankPlus Trust Department bought a new stake in shares of Sun Life Financial during the 4th quarter worth approximately $40,000. Dixon Mitchell Investment Counsel Inc. bought a new position in shares of Sun Life Financial in the fourth quarter valued at $45,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in Sun Life Financial during the third quarter worth $51,000. Institutional investors and hedge funds own 52.26% of the company's stock.

Sun Life Financial Stock Performance

Shares of SLF stock traded down $0.66 during midday trading on Monday, hitting $53.80. 610,756 shares of the company were exchanged, compared to its average volume of 687,556. 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 $30.71 billion, a P/E ratio of 14.01, a PEG ratio of 1.52 and a beta of 0.87. The firm's 50 day moving average price is $56.45 and its two-hundred day moving average price is $58.00.

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Sun Life Financial (NYSE:SLF - Get Free Report) TSE: SLF last issued its quarterly earnings data 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 return on equity of 16.86% and a net margin of 8.08%. Analysts expect that Sun Life Financial Inc. will post 5.19 EPS for the current year.

Sun Life Financial Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Wednesday, February 26th were issued a $0.5876 dividend. This represents a $2.35 dividend on an annualized basis and a yield of 4.37%. The ex-dividend date was Wednesday, February 26th. Sun Life Financial's dividend payout ratio is 60.16%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. National Bank Financial upgraded shares of Sun Life Financial from a "sector perform" rating to an "outperform" rating in a research note on Wednesday, January 15th. Cormark raised Sun Life Financial from a "hold" rating to a "moderate buy" rating in a research report on Thursday, February 13th. Finally, StockNews.com lowered Sun Life Financial from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. Two equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy".

Sun Life Financial 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.