Bridgewater Associates LP raised its holdings in Sun Life Financial Inc. (NYSE:SLF - Free Report) TSE: SLF by 720.8% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 158,802 shares of the financial services provider's stock after buying an additional 139,455 shares during the period. Bridgewater Associates LP's holdings in Sun Life Financial were worth $9,424,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in SLF. Ontario Teachers Pension Plan Board lifted its holdings in Sun Life Financial by 242.1% during the 4th quarter. Ontario Teachers Pension Plan Board now owns 38,611 shares of the financial services provider's stock valued at $2,290,000 after purchasing an additional 27,325 shares during the last quarter. Mariner LLC raised its position in shares of Sun Life Financial by 4.4% in the fourth quarter. Mariner LLC now owns 40,132 shares of the financial services provider's stock valued at $2,381,000 after purchasing an additional 1,682 shares during the period. Barclays PLC lifted its stake in shares of Sun Life Financial by 40.3% during the 4th quarter. Barclays PLC now owns 8,286 shares of the financial services provider's stock worth $492,000 after buying an additional 2,379 shares during the last quarter. Scotia Capital Inc. boosted its holdings in shares of Sun Life Financial by 3.3% during the 4th quarter. Scotia Capital Inc. now owns 2,974,065 shares of the financial services provider's stock worth $176,273,000 after buying an additional 93,992 shares during the period. Finally, Bessemer Group Inc. grew its stake in Sun Life Financial by 1.9% in the 4th quarter. Bessemer Group Inc. now owns 20,860 shares of the financial services provider's stock valued at $1,237,000 after buying an additional 382 shares during the last quarter. 52.26% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
SLF has been the subject of a number of research analyst reports. StockNews.com cut Sun Life Financial from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. National Bank Financial upgraded Sun Life Financial from a "sector perform" rating to an "outperform" rating in a research note on Wednesday, January 15th. Finally, Cormark upgraded Sun Life Financial from a "hold" rating to a "moderate buy" rating in a research report on Thursday, February 13th. Two analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Sun Life Financial has a consensus rating of "Moderate Buy".
Get Our Latest Report on SLF
Sun Life Financial Stock Down 0.0 %
Shares of NYSE:SLF opened at $56.53 on Thursday. Sun Life Financial Inc. has a 12-month low of $46.41 and a 12-month high of $62.85. The company's 50 day moving average price is $55.94 and its two-hundred day moving average price is $57.85. The firm has a market cap of $32.27 billion, a PE ratio of 14.72, a PEG ratio of 1.52 and a beta of 0.87.
Sun Life Financial (NYSE:SLF - Get Free Report) TSE: SLF last posted its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $1.20 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%. On average, research 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 paid a dividend of $0.5876 per share. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $2.35 dividend on an annualized basis and a yield of 4.16%. Sun Life Financial's payout ratio is 60.16%.
About Sun Life Financial
(
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.
Further Reading
Want to see what other hedge funds are holding SLF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sun Life Financial Inc. (NYSE:SLF - Free Report) TSE: SLF.
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