Charles Schwab Investment Management Inc. Boosts Position in Sun Life Financial Inc. (NYSE:SLF)

Charles Schwab Investment Management Inc. boosted its stake in Sun Life Financial Inc. (NYSE:SLF - Free Report) TSE: SLF by 1.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,596,439 shares of the financial services provider's stock after buying an additional 15,908 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.25% of Sun Life Financial worth $94,743,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. National Bank of Canada FI raised its holdings in shares of Sun Life Financial by 28.2% in the third quarter. National Bank of Canada FI now owns 5,837,298 shares of the financial services provider's stock worth $338,621,000 after acquiring an additional 1,284,556 shares during the last quarter. CIBC Asset Management Inc increased its position in Sun Life Financial by 10.8% during the 4th quarter. CIBC Asset Management Inc now owns 7,192,059 shares of the financial services provider's stock worth $427,712,000 after purchasing an additional 703,391 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Sun Life Financial by 7.6% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 9,256,384 shares of the financial services provider's stock valued at $537,288,000 after purchasing an additional 654,404 shares during the last quarter. FMR LLC lifted its holdings in 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 valued at $301,047,000 after purchasing an additional 257,178 shares in the last quarter. Finally, Cardinal Capital Management Inc. boosted its stake in shares of Sun Life Financial by 29.1% during the 4th quarter. Cardinal Capital Management Inc. now owns 1,123,354 shares of the financial services provider's stock worth $66,550,000 after purchasing an additional 253,488 shares during the last quarter. Institutional investors and hedge funds own 52.26% of the company's stock.

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Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. National Bank Financial raised shares of Sun Life Financial from a "sector perform" rating to an "outperform" rating in a research report on Wednesday, January 15th. Cormark upgraded 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 report on Wednesday, February 5th. Two equities 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 company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy".

Sun Life Financial Stock Down 0.2 %

Shares of SLF stock traded down $0.12 during trading hours on Wednesday, hitting $53.94. 31,794 shares of the company were exchanged, compared to its average volume of 766,272. The firm has a fifty day moving average of $57.24 and a 200 day moving average of $57.83. Sun Life Financial Inc. has a 1 year low of $46.41 and a 1 year high of $62.85. The firm has a market cap of $30.90 billion, a PE ratio of 14.04, a PEG ratio of 1.52 and a beta of 1.04.

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 earnings per share for the quarter, topping analysts' consensus estimates of $0.90 by $0.30. Sun Life Financial had a net margin of 8.08% and a return on equity of 16.86%. Analysts expect that Sun Life Financial Inc. will post 5.19 earnings per share for the current year.

Sun Life Financial Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Wednesday, February 26th will be issued a $0.5876 dividend. This represents a $2.35 dividend on an annualized basis and a yield of 4.36%. The ex-dividend date is Wednesday, February 26th. Sun Life Financial's payout ratio is currently 60.16%.

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.