Dimensional Fund Advisors LP Has $102.04 Million Stake in Sun Life Financial Inc. (NYSE:SLF)

Dimensional Fund Advisors LP cut its holdings in shares of Sun Life Financial Inc. (NYSE:SLF - Free Report) TSE: SLF by 4.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,719,655 shares of the financial services provider's stock after selling 89,286 shares during the period. Dimensional Fund Advisors LP owned about 0.27% of Sun Life Financial worth $102,044,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in Sun Life Financial in the fourth quarter worth $382,176,000. Intact Investment Management Inc. increased its position in Sun Life Financial by 295.5% in the 4th quarter. Intact Investment Management Inc. now owns 1,911,027 shares of the financial services provider's stock valued at $113,453,000 after acquiring an additional 1,427,815 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Sun Life Financial by 2,071.4% in the fourth quarter. Wellington Management Group LLP now owns 1,350,751 shares of the financial services provider's stock worth $80,160,000 after acquiring an additional 1,288,545 shares during the last quarter. Canada Pension Plan Investment Board lifted its position in shares of Sun Life Financial by 71.9% during the fourth quarter. Canada Pension Plan Investment Board now owns 2,867,939 shares of the financial services provider's stock worth $170,068,000 after purchasing an additional 1,200,000 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Sun Life Financial by 30.6% during the fourth quarter. Geode Capital Management LLC now owns 3,467,275 shares of the financial services provider's stock worth $210,080,000 after purchasing an additional 812,689 shares in the last quarter. 52.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on SLF. National Bank Financial raised shares of Sun Life Financial from a "sector perform" rating to an "outperform" rating in a report on Wednesday, January 15th. StockNews.com downgraded shares of Sun Life Financial from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Finally, Cormark upgraded shares of 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 assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Sun Life Financial currently has a consensus rating of "Moderate Buy".

Sun Life Financial Stock Down 0.0 %

Shares of Sun Life Financial stock opened at $58.34 on Monday. The business has a fifty day simple moving average of $56.00 and a 200 day simple moving average of $57.84. The stock has a market cap of $33.11 billion, a PE ratio of 15.19, a price-to-earnings-growth ratio of 1.52 and a beta of 0.87. Sun Life Financial Inc. has a 12 month low of $46.41 and a 12 month high of $62.85.

Sun Life Financial (NYSE:SLF - Get Free Report) TSE: SLF last posted its earnings results on Wednesday, February 12th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate 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 fiscal year.

Sun Life Financial Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Wednesday, February 26th were given a $0.5876 dividend. This represents a $2.35 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date was 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.

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