5,924 Shares in Sun Life Financial Inc. (NYSE:SLF) Acquired by FreeGulliver LLC

FreeGulliver LLC bought a new stake in Sun Life Financial Inc. (NYSE:SLF - Free Report) TSE: SLF in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,924 shares of the financial services provider's stock, valued at approximately $352,000.

A number of other large investors also recently made changes to their positions in SLF. Generali Asset Management SPA SGR bought a new position in shares of Sun Life Financial during the 4th quarter worth approximately $6,026,000. Signaturefd LLC increased its position in shares of Sun Life Financial by 5.6% during the fourth quarter. Signaturefd LLC now owns 26,727 shares of the financial services provider's stock valued at $1,586,000 after acquiring an additional 1,408 shares during the last quarter. Gold Investment Management Ltd. lifted its holdings in Sun Life Financial by 1.0% during the fourth quarter. Gold Investment Management Ltd. now owns 39,159 shares of the financial services provider's stock worth $2,325,000 after acquiring an additional 404 shares during the period. Corient Private Wealth LLC boosted its position in Sun Life Financial by 94.8% in the fourth quarter. Corient Private Wealth LLC now owns 20,143 shares of the financial services provider's stock worth $1,195,000 after purchasing an additional 9,800 shares during the last quarter. Finally, Ninepoint Partners LP grew its stake in Sun Life Financial by 8.3% in the 4th quarter. Ninepoint Partners LP now owns 60,385 shares of the financial services provider's stock valued at $3,583,000 after purchasing an additional 4,638 shares during the period. 52.26% of the stock is owned by institutional investors.

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Sun Life Financial Trading Down 0.8 %

Shares of SLF stock traded down $0.46 on Friday, hitting $56.23. 319,588 shares of the stock were exchanged, compared to its average volume of 592,466. Sun Life Financial Inc. has a one year low of $46.41 and a one year high of $62.85. The firm's 50 day moving average is $56.80 and its two-hundred day moving average is $57.89. The firm has a market capitalization of $35.15 billion, a PE ratio of 14.64, a P/E/G ratio of 1.52 and a beta of 1.04.

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

Sun Life Financial Cuts Dividend

The business 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 is Wednesday, February 26th. This represents a $2.35 annualized dividend and a dividend yield of 4.18%. Sun Life Financial's dividend payout ratio is currently 60.16%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on SLF shares. 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 cut shares of Sun Life Financial from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th. Finally, Cormark upgraded shares of Sun Life Financial from a "hold" rating to a "moderate buy" rating in a research note on Thursday, February 13th. Two analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Sun Life Financial currently has an average rating of "Moderate Buy".

About Sun Life Financial

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.