Hillsdale Investment Management Inc. Has $7.21 Million Stock Holdings in Sun Life Financial Inc. (NYSE:SLF)

Hillsdale Investment Management Inc. increased its holdings in shares of Sun Life Financial Inc. (NYSE:SLF - Free Report) TSE: SLF by 2,365.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 121,544 shares of the financial services provider's stock after purchasing an additional 116,615 shares during the period. Hillsdale Investment Management Inc.'s holdings in Sun Life Financial were worth $7,209,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in SLF. Human Investing LLC bought a new stake in Sun Life Financial in the 4th quarter valued at $26,000. Asset Planning Inc bought a new position in Sun Life Financial during the 4th quarter worth $40,000. BankPlus Trust Department acquired a new position in Sun Life Financial in the 4th quarter valued at $40,000. Dixon Mitchell Investment Counsel Inc. acquired a new stake in shares of Sun Life Financial during the 4th quarter worth $45,000. Finally, Wilmington Savings Fund Society FSB acquired a new position in Sun Life Financial in the third quarter valued at about $51,000. 52.26% of the stock is currently owned by institutional investors.

Sun Life Financial Price Performance

NYSE SLF traded down $0.47 on Wednesday, reaching $57.16. The company had a trading volume of 338,008 shares, compared to its average volume of 590,590. The firm has a market cap of $35.73 billion, a price-to-earnings ratio of 14.88, 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 has a 50 day moving average of $56.80 and a two-hundred day moving average of $57.94.

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Sun Life Financial (NYSE:SLF - Get Free Report) TSE: SLF last issued its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $1.20 earnings per share for the quarter, beating 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%. As a group, research analysts predict that Sun Life Financial Inc. will post 5.19 earnings per share for the current fiscal year.

Sun Life Financial Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Wednesday, February 26th will be issued a dividend of $0.5876 per share. The ex-dividend date is Wednesday, February 26th. This represents a $2.35 annualized dividend and a yield of 4.11%. Sun Life Financial's payout ratio is 60.16%.

Analyst Ratings Changes

Several research analysts have commented on the stock. Cormark upgraded shares of Sun Life Financial from a "hold" rating to a "moderate buy" rating in a research report on Thursday, February 13th. National Bank Financial upgraded Sun Life Financial from a "sector perform" rating to an "outperform" rating in a research report on Wednesday, January 15th. Finally, StockNews.com lowered Sun Life Financial from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th. Two investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Sun Life Financial presently 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.