APG Asset Management N.V. Invests $18.01 Million in Sun Life Financial Inc. (NYSE:SLF)

APG Asset Management N.V. purchased a new position in Sun Life Financial Inc. (NYSE:SLF - Free Report) TSE: SLF in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 314,200 shares of the financial services provider's stock, valued at approximately $18,007,000. APG Asset Management N.V. owned about 0.05% of Sun Life Financial at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Human Investing LLC acquired a new position in Sun Life Financial during the fourth quarter valued at approximately $26,000. Asset Planning Inc acquired a new stake in shares of Sun Life Financial in the fourth quarter valued at about $40,000. BankPlus Trust Department bought a new stake in Sun Life Financial during the 4th quarter valued at approximately $40,000. Dixon Mitchell Investment Counsel Inc. bought a new position in Sun Life Financial in the 4th quarter worth approximately $45,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in shares of Sun Life Financial during the third quarter worth approximately $51,000. 52.26% of the stock is owned by institutional investors.

Sun Life Financial Trading Down 0.0 %

NYSE SLF traded down $0.02 on Tuesday, reaching $56.64. The company's stock had a trading volume of 82,979 shares, compared to its average volume of 680,325. The firm has a market cap of $32.33 billion, a PE ratio of 14.75, a price-to-earnings-growth ratio of 1.52 and a beta of 0.87. Sun Life Financial Inc. has a 52 week low of $46.41 and a 52 week high of $62.85. The business has a 50-day moving average price of $56.04 and a 200 day moving average price of $57.87.

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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 EPS for the quarter, topping the consensus estimate 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 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 declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Wednesday, February 26th were given a $0.5876 dividend. The ex-dividend date was Wednesday, February 26th. This represents a $2.35 dividend on an annualized basis and a yield of 4.15%. Sun Life Financial's dividend payout ratio (DPR) is presently 60.16%.

Analyst Upgrades and Downgrades

SLF has been the subject of a number of research reports. 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. Cormark raised Sun Life Financial from a "hold" rating to a "moderate buy" rating in a report on Thursday, February 13th. Finally, StockNews.com cut Sun Life Financial from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Two analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average 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.