Forsta AP Fonden Has $16.62 Million Stock Holdings in Sun Life Financial Inc. (NYSE:SLF)

Forsta AP Fonden decreased its position in shares of Sun Life Financial Inc. (NYSE:SLF - Free Report) TSE: SLF by 2.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 280,100 shares of the financial services provider's stock after selling 7,200 shares during the period. Forsta AP Fonden's holdings in Sun Life Financial were worth $16,623,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. The Manufacturers Life Insurance Company increased its holdings in Sun Life Financial by 7.6% in the third quarter. The Manufacturers Life Insurance Company now owns 9,256,384 shares of the financial services provider's stock worth $537,288,000 after buying an additional 654,404 shares during the last quarter. CIBC Asset Management Inc lifted its stake in shares of Sun Life Financial by 1.3% in the 3rd quarter. CIBC Asset Management Inc now owns 6,488,668 shares of the financial services provider's stock valued at $377,311,000 after purchasing an additional 81,261 shares during the last quarter. National Bank of Canada FI increased its holdings in shares of Sun Life Financial by 28.2% during the 3rd quarter. National Bank of Canada FI now owns 5,837,298 shares of the financial services provider's stock valued at $338,621,000 after acquiring an additional 1,284,556 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 worth $301,047,000 after purchasing an additional 257,178 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in Sun Life Financial by 1.2% during the third quarter. JPMorgan Chase & Co. now owns 2,841,712 shares of the financial services provider's stock worth $164,876,000 after purchasing an additional 34,072 shares during the period. Hedge funds and other institutional investors own 52.26% of the company's stock.

Sun Life Financial Stock Down 0.4 %

Shares of SLF stock traded down $0.22 during trading hours on Thursday, reaching $58.39. 95,476 shares of the company's stock were exchanged, compared to its average volume of 461,591. Sun Life Financial Inc. has a fifty-two week low of $46.41 and a fifty-two week high of $62.85. The stock has a market capitalization of $33.51 billion, a P/E ratio of 13.00, a P/E/G ratio of 1.58 and a beta of 1.03. The business has a fifty day moving average price of $59.68 and a 200-day moving average price of $56.52.

Sun Life Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Wednesday, November 27th were issued a $0.621 dividend. The ex-dividend date was Wednesday, November 27th. This is an increase from Sun Life Financial's previous quarterly dividend of $0.59. This represents a $2.48 dividend on an annualized basis and a yield of 4.25%. Sun Life Financial's dividend payout ratio is 57.46%.

Analyst Ratings Changes

A number of 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 report on Wednesday, January 15th. StockNews.com upgraded shares of Sun Life Financial from a "hold" rating to a "buy" rating in a report on Monday. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy".

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.