Sun Life Financial Inc. (NYSE:SLF) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lessened its stake in shares of Sun Life Financial Inc. (NYSE:SLF - Free Report) TSE: SLF by 12.4% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,488,560 shares of the financial services provider's stock after selling 353,152 shares during the period. JPMorgan Chase & Co. owned about 0.40% of Sun Life Financial worth $147,671,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of SLF. Cerity Partners LLC raised its holdings in shares of Sun Life Financial by 88.9% in the third quarter. Cerity Partners LLC now owns 29,815 shares of the financial services provider's stock valued at $1,730,000 after acquiring an additional 14,034 shares in the last quarter. BNP Paribas Financial Markets bought a new stake in shares of Sun Life Financial in the 3rd quarter valued at about $594,000. Verition Fund Management LLC purchased a new stake in shares of Sun Life Financial in the 3rd quarter worth approximately $1,255,000. Erste Asset Management GmbH bought a new position in shares of Sun Life Financial during the third quarter valued at approximately $1,632,000. Finally, Benjamin Edwards Inc. purchased a new position in Sun Life Financial during the third quarter valued at approximately $219,000. Hedge funds and other institutional investors own 52.26% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on SLF shares. National Bank Financial upgraded Sun Life Financial from a "sector perform" rating to an "outperform" rating in a report on Wednesday, January 15th. StockNews.com downgraded Sun Life Financial from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Finally, Cormark upgraded Sun Life Financial from a "hold" rating to a "moderate buy" rating in a research note on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy".

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Sun Life Financial Stock Performance

SLF traded down $0.47 during trading on Thursday, hitting $58.31. The stock had a trading volume of 644,608 shares, compared to its average volume of 683,952. The stock has a 50 day simple moving average of $56.65 and a two-hundred day simple moving average of $58.01. The company has a market capitalization of $33.28 billion, a PE ratio of 15.18, a PEG ratio of 1.52 and a beta of 1.04. Sun Life Financial Inc. has a twelve month low of $46.41 and a twelve month high of $62.85.

Sun Life Financial (NYSE:SLF - Get Free Report) TSE: SLF last announced 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 return on equity of 16.86% and a net margin of 8.08%. On average, equities research analysts anticipate that Sun Life Financial Inc. will post 5.19 EPS for the current year.

Sun Life Financial Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Wednesday, February 26th were issued a dividend of $0.5876 per share. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $2.35 annualized dividend and a dividend yield of 4.03%. Sun Life Financial's dividend payout ratio (DPR) 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.