Amundi Sells 82,645 Shares of Sun Life Financial Inc. (NYSE:SLF)

Amundi lowered its position in Sun Life Financial Inc. (NYSE:SLF - Free Report) TSE: SLF by 4.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,682,864 shares of the financial services provider's stock after selling 82,645 shares during the quarter. Amundi owned about 0.27% of Sun Life Financial worth $98,481,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Private Advisor Group LLC raised its stake in shares of Sun Life Financial by 2.1% in the fourth quarter. Private Advisor Group LLC now owns 8,643 shares of the financial services provider's stock valued at $513,000 after acquiring an additional 181 shares during the period. Checchi Capital Advisers LLC raised its stake in shares of Sun Life Financial by 5.4% in the fourth quarter. Checchi Capital Advisers LLC now owns 3,719 shares of the financial services provider's stock valued at $221,000 after acquiring an additional 192 shares during the period. Triasima Portfolio Management inc. raised its stake in shares of Sun Life Financial by 0.5% in the fourth quarter. Triasima Portfolio Management inc. now owns 47,900 shares of the financial services provider's stock valued at $2,843,000 after acquiring an additional 250 shares during the period. Five Oceans Advisors raised its stake in shares of Sun Life Financial by 8.1% in the fourth quarter. Five Oceans Advisors now owns 3,875 shares of the financial services provider's stock valued at $230,000 after acquiring an additional 292 shares during the period. Finally, State Street Corp raised its stake in shares of Sun Life Financial by 0.8% in the third quarter. State Street Corp now owns 39,478 shares of the financial services provider's stock valued at $2,291,000 after acquiring an additional 330 shares during the period. Hedge funds and other institutional investors own 52.26% of the company's stock.

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Sun Life Financial Stock Down 0.5 %

SLF stock traded down $0.29 during trading on Tuesday, hitting $54.08. The company had a trading volume of 358,852 shares, compared to its average volume of 782,573. The firm has a market capitalization of $30.98 billion, a P/E ratio of 14.08, a PEG ratio of 1.52 and a beta of 1.04. Sun Life Financial Inc. has a 52-week low of $46.41 and a 52-week high of $62.85. The company has a 50 day simple moving average of $57.35 and a 200-day simple moving average of $57.83.

Sun Life Financial (NYSE:SLF - Get Free Report) TSE: SLF last issued its earnings results on Wednesday, February 12th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.30. Sun Life Financial had a net margin of 8.08% and a return on equity of 16.86%. Sell-side analysts forecast that Sun Life Financial Inc. will post 5.19 earnings per share for the current year.

Sun Life Financial Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Wednesday, February 26th will be issued a dividend of $0.5876 per share. This represents a $2.35 annualized dividend and a yield of 4.35%. The ex-dividend date of this dividend is Wednesday, February 26th. Sun Life Financial's payout ratio is 60.16%.

Wall Street Analysts Forecast Growth

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

Sun Life Financial Company 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.