AustralianSuper Pty Ltd lowered its stake in shares of Sun Life Financial Inc. (NYSE:SLF - Free Report) TSE: SLF by 16.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 137,427 shares of the financial services provider's stock after selling 26,801 shares during the quarter. AustralianSuper Pty Ltd's holdings in Sun Life Financial were worth $8,149,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of the stock. The Manufacturers Life Insurance Company increased its position in Sun Life Financial by 7.6% during the third quarter. The Manufacturers Life Insurance Company now owns 9,256,384 shares of the financial services provider's stock worth $537,288,000 after purchasing an additional 654,404 shares during the last quarter. CIBC Asset Management Inc raised its position in shares of Sun Life Financial by 1.3% in the 3rd quarter. CIBC Asset Management Inc now owns 6,488,668 shares of the financial services provider's stock worth $377,311,000 after buying an additional 81,261 shares during the period. National Bank of Canada FI grew its position in Sun Life Financial by 28.2% during the third quarter. National Bank of Canada FI now owns 5,837,298 shares of the financial services provider's stock valued at $338,621,000 after acquiring an additional 1,284,556 shares during the period. FMR LLC raised its holdings in shares of Sun Life Financial by 5.2% in the 3rd quarter. FMR LLC now owns 5,189,939 shares of the financial services provider's stock worth $301,047,000 after purchasing an additional 257,178 shares during the period. Finally, JPMorgan Chase & Co. grew its holdings in shares of Sun Life Financial by 1.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,841,712 shares of the financial services provider's stock worth $164,876,000 after purchasing an additional 34,072 shares during the period. 52.26% of the stock is currently owned by hedge funds and other institutional investors.
Sun Life Financial Trading Up 0.9 %
NYSE:SLF traded up $0.50 on Wednesday, reaching $56.02. The stock had a trading volume of 652,463 shares, compared to its average volume of 609,011. Sun Life Financial Inc. has a 12-month low of $46.41 and a 12-month high of $62.85. The stock has a market cap of $35.18 billion, a P/E ratio of 14.59, a price-to-earnings-growth ratio of 1.52 and a beta of 1.03. The company has a 50-day moving average of $58.54 and a 200 day moving average of $57.33.
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 for the quarter, beating 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%. On average, equities analysts predict that Sun Life Financial Inc. will post 5.17 EPS for the current year.
Sun Life Financial Cuts Dividend
The business 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 4.20%. The ex-dividend date is Wednesday, February 26th. Sun Life Financial's payout ratio is currently 67.19%.
Wall Street Analyst Weigh In
SLF has been the topic of a number of recent research reports. StockNews.com cut shares of Sun Life Financial from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Cormark upgraded Sun Life Financial from a "hold" rating to a "moderate buy" rating in a research note on Thursday, February 13th. Finally, National Bank Financial upgraded Sun Life Financial from a "sector perform" rating to an "outperform" rating in a report on Wednesday, January 15th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy".
Check Out Our Latest Report on Sun Life Financial
Sun Life Financial Company Profile
(
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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