Fiera Capital Corp lowered its stake in Sun Life Financial Inc. (NYSE:SLF - Free Report) TSE: SLF by 2.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 814,772 shares of the financial services provider's stock after selling 21,380 shares during the period. Fiera Capital Corp owned 0.14% of Sun Life Financial worth $48,326,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also added to or reduced their stakes in the company. Assetmark Inc. boosted its stake in Sun Life Financial by 2,747.4% during the 3rd quarter. Assetmark Inc. now owns 541 shares of the financial services provider's stock valued at $31,000 after purchasing an additional 522 shares during the last quarter. Addison Advisors LLC boosted its stake in Sun Life Financial by 124.9% during the 3rd quarter. Addison Advisors LLC now owns 650 shares of the financial services provider's stock valued at $38,000 after purchasing an additional 361 shares during the last quarter. Dixon Mitchell Investment Counsel Inc. purchased a new stake in Sun Life Financial during the 4th quarter valued at $45,000. Wilmington Savings Fund Society FSB purchased a new stake in Sun Life Financial during the 3rd quarter valued at $51,000. Finally, Louisbourg Investments Inc. boosted its stake in Sun Life Financial by 49.9% during the 4th quarter. Louisbourg Investments Inc. now owns 1,252 shares of the financial services provider's stock valued at $74,000 after purchasing an additional 417 shares during the last quarter. 52.26% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts have recently issued reports on the company. StockNews.com downgraded Sun Life Financial from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th. National Bank Financial raised Sun Life Financial from a "sector perform" rating to an "outperform" rating in a report on Wednesday, January 15th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy".
View Our Latest Report on Sun Life Financial
Sun Life Financial Stock Down 0.2 %
NYSE:SLF traded down $0.11 on Friday, reaching $55.17. 858,344 shares of the company's stock traded hands, compared to its average volume of 554,788. The firm has a market cap of $34.65 billion, a PE ratio of 12.29, a P/E/G ratio of 1.61 and a beta of 1.03. The stock has a 50-day simple moving average of $58.78 and a 200-day simple moving average of $57.18. 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 released 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 return on equity of 17.44% and a net margin of 7.32%. On average, equities analysts anticipate that Sun Life Financial Inc. will post 4.76 earnings per share for the current year.
Sun Life Financial Cuts Dividend
The firm also recently announced 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. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $2.35 annualized dividend and a dividend yield of 4.26%. Sun Life Financial's dividend payout ratio (DPR) is presently 57.46%.
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.
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