Corient Private Wealth LLC Raises Stock Position in Sun Life Financial Inc. (NYSE:SLF)

Corient Private Wealth LLC lifted its holdings in Sun Life Financial Inc. (NYSE:SLF - Free Report) TSE: SLF by 94.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,143 shares of the financial services provider's stock after purchasing an additional 9,800 shares during the quarter. Corient Private Wealth LLC's holdings in Sun Life Financial were worth $1,195,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Private Advisor Group LLC boosted its stake in shares of Sun Life Financial by 2.1% in 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. Checchi Capital Advisers LLC grew its stake in Sun Life Financial by 5.4% during the 4th quarter. Checchi Capital Advisers LLC now owns 3,719 shares of the financial services provider's stock valued at $221,000 after acquiring an additional 192 shares in the last quarter. Erste Asset Management GmbH raised its holdings in Sun Life Financial by 0.7% in the 4th quarter. Erste Asset Management GmbH now owns 28,400 shares of the financial services provider's stock valued at $1,693,000 after acquiring an additional 200 shares during the last quarter. Triasima Portfolio Management inc. lifted its stake in Sun Life Financial by 0.5% in the 4th quarter. Triasima Portfolio Management inc. now owns 47,900 shares of the financial services provider's stock worth $2,843,000 after purchasing an additional 250 shares in the last quarter. Finally, Five Oceans Advisors boosted its holdings in shares of Sun Life Financial by 8.1% during the 4th quarter. Five Oceans Advisors now owns 3,875 shares of the financial services provider's stock worth $230,000 after purchasing an additional 292 shares during the last quarter. Hedge funds and other institutional investors own 52.26% of the company's stock.

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Sun Life Financial Price Performance

SLF traded down $0.50 during trading hours on Friday, reaching $56.64. The company's stock had a trading volume of 297,288 shares, compared to its average volume of 686,322. The stock has a market cap of $32.33 billion, a PE ratio of 14.75, a P/E/G ratio of 1.52 and a beta of 1.04. Sun Life Financial Inc. has a fifty-two week low of $46.41 and a fifty-two week high of $62.85. The business's 50-day moving average is $56.69 and its 200-day moving average is $57.96.

Sun Life Financial (NYSE:SLF - Get Free Report) TSE: SLF last released 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 return on equity of 16.86% and a net margin of 8.08%. Analysts expect that Sun Life Financial Inc. will post 5.19 EPS for the current year.

Sun Life Financial Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Wednesday, February 26th will be given a dividend of $0.5876 per share. This represents a $2.35 dividend on an annualized basis and a dividend yield of 4.15%. The ex-dividend date is Wednesday, February 26th. Sun Life Financial's dividend payout ratio is presently 60.16%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. StockNews.com cut Sun Life Financial from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. Cormark raised Sun Life Financial from a "hold" rating to a "moderate buy" rating in a research note on Thursday, February 13th. Finally, 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. Two investment 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 stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy".

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.