Wellington Management Group LLP Purchases 43,972 Shares of Sun Life Financial Inc. (NYSE:SLF)

Wellington Management Group LLP boosted its holdings in shares of Sun Life Financial Inc. (NYSE:SLF - Free Report) TSE: SLF by 59.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 117,615 shares of the financial services provider's stock after purchasing an additional 43,972 shares during the quarter. Wellington Management Group LLP's holdings in Sun Life Financial were worth $6,130,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in SLF. Canoe Financial LP raised its stake in Sun Life Financial by 7,959.7% during the 4th quarter. Canoe Financial LP now owns 45,648,390 shares of the financial services provider's stock valued at $2,367,326,000 after purchasing an additional 45,082,012 shares during the period. Norges Bank bought a new stake in Sun Life Financial in the 4th quarter worth approximately $335,757,000. TD Asset Management Inc increased its stake in Sun Life Financial by 34.7% in the 4th quarter. TD Asset Management Inc now owns 15,665,551 shares of the financial services provider's stock worth $816,424,000 after acquiring an additional 4,035,394 shares during the last quarter. Allianz Asset Management GmbH increased its stake in Sun Life Financial by 171.3% in the 4th quarter. Allianz Asset Management GmbH now owns 1,172,025 shares of the financial services provider's stock worth $61,081,000 after acquiring an additional 740,014 shares during the last quarter. Finally, AGF Management Ltd. increased its stake in Sun Life Financial by 91.7% in the 4th quarter. AGF Management Ltd. now owns 1,535,288 shares of the financial services provider's stock worth $79,620,000 after acquiring an additional 734,549 shares during the last quarter. Institutional investors own 52.26% of the company's stock.

Sun Life Financial Trading Up 0.1 %

Shares of NYSE SLF traded up $0.06 during trading hours on Friday, hitting $48.99. 416,898 shares of the company traded hands, compared to its average volume of 822,579. The stock has a market capitalization of $28.40 billion, a price-to-earnings ratio of 12.53, a price-to-earnings-growth ratio of 1.25 and a beta of 1.00. The company's 50 day moving average price is $50.29 and its 200 day moving average price is $51.76. Sun Life Financial Inc. has a 12 month low of $44.57 and a 12 month high of $55.46.

Sun Life Financial (NYSE:SLF - Get Free Report) TSE: SLF last released its earnings results on Thursday, May 9th. The financial services provider reported $1.11 earnings per share for the quarter, missing the consensus estimate of $1.20 by ($0.09). The company had revenue of $5.10 billion for the quarter, compared to the consensus estimate of $7.25 billion. Sun Life Financial had a net margin of 8.94% and a return on equity of 16.97%. Equities analysts anticipate that Sun Life Financial Inc. will post 4.88 EPS for the current year.

Sun Life Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Wednesday, May 29th were given a dividend of $0.588 per share. The ex-dividend date was Wednesday, May 29th. This represents a $2.35 annualized dividend and a dividend yield of 4.80%. This is an increase from Sun Life Financial's previous quarterly dividend of $0.58. Sun Life Financial's payout ratio is currently 60.10%.

Wall Street Analyst Weigh In

Separately, Argus raised Sun Life Financial to a "strong-buy" rating in a research note on Monday, June 3rd.

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.