Sun Life Financial Inc. (NYSE:SLF) Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its holdings in shares of Sun Life Financial Inc. (NYSE:SLF - Free Report) TSE: SLF by 6.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 559,262 shares of the financial services provider's stock after acquiring an additional 33,931 shares during the quarter. Bank of New York Mellon Corp owned about 0.09% of Sun Life Financial worth $33,187,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Private Advisor Group LLC boosted its position in Sun Life Financial by 2.1% during the fourth quarter. Private Advisor Group LLC now owns 8,643 shares of the financial services provider's stock worth $513,000 after acquiring an additional 181 shares during the last quarter. Triasima Portfolio Management inc. boosted its position in Sun Life Financial by 0.5% during the fourth quarter. Triasima Portfolio Management inc. now owns 47,900 shares of the financial services provider's stock worth $2,843,000 after acquiring an additional 250 shares during the last quarter. Five Oceans Advisors boosted its position in Sun Life Financial by 8.1% during the fourth quarter. Five Oceans Advisors now owns 3,875 shares of the financial services provider's stock worth $230,000 after acquiring an additional 292 shares during the last quarter. State Street Corp boosted its position in Sun Life Financial by 0.8% during the third quarter. State Street Corp now owns 39,478 shares of the financial services provider's stock worth $2,291,000 after acquiring an additional 330 shares during the last quarter. Finally, Addison Advisors LLC boosted its position in Sun Life Financial by 124.9% during the third quarter. Addison Advisors LLC now owns 650 shares of the financial services provider's stock worth $38,000 after acquiring an additional 361 shares during the last quarter. 52.26% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

SLF has been the topic of several recent analyst reports. Cormark upgraded shares of Sun Life Financial from a "hold" rating to a "moderate buy" rating in a report on Thursday, February 13th. StockNews.com lowered shares of Sun Life Financial from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. Finally, National Bank Financial upgraded 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 issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy".

Sun Life Financial Trading Up 0.7 %

SLF traded up $0.39 during trading hours on Friday, hitting $55.62. 331,402 shares of the company's stock were exchanged, compared to its average volume of 798,425. Sun Life Financial Inc. has a 12-month low of $46.41 and a 12-month high of $62.85. The firm has a 50 day moving average of $57.45 and a 200 day moving average of $57.75. The firm has a market cap of $31.86 billion, a P/E ratio of 14.48, a price-to-earnings-growth ratio of 1.52 and a beta of 1.03.

Sun Life Financial (NYSE:SLF - Get Free Report) TSE: SLF last posted its quarterly 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 net margin of 8.08% and a return on equity of 16.86%. As a group, research analysts expect that Sun Life Financial Inc. will post 5.19 EPS for the current fiscal year.

Sun Life Financial Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Wednesday, February 26th will be paid a dividend of $0.5876 per share. This represents a $2.35 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date of this dividend is Wednesday, February 26th. Sun Life Financial's dividend payout ratio is currently 60.16%.

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.