Pictet Asset Management Holding SA Has $19.33 Million Stock Holdings in Sun Life Financial Inc. (NYSE:SLF)

Pictet Asset Management Holding SA increased its stake in Sun Life Financial Inc. (NYSE:SLF - Free Report) TSE: SLF by 9.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 325,688 shares of the financial services provider's stock after purchasing an additional 27,760 shares during the quarter. Pictet Asset Management Holding SA owned approximately 0.05% of Sun Life Financial worth $19,328,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Private Advisor Group LLC raised its holdings in shares of Sun Life Financial by 2.1% during the 4th quarter. Private Advisor Group LLC now owns 8,643 shares of the financial services provider's stock valued at $513,000 after purchasing an additional 181 shares in the last quarter. Checchi Capital Advisers LLC raised its holdings in Sun Life Financial by 5.4% during the fourth quarter. Checchi Capital Advisers LLC now owns 3,719 shares of the financial services provider's stock valued at $221,000 after buying an additional 192 shares in the last quarter. Erste Asset Management GmbH lifted its position in shares of Sun Life Financial by 0.7% in the fourth quarter. Erste Asset Management GmbH now owns 28,400 shares of the financial services provider's stock worth $1,693,000 after buying an additional 200 shares during the last quarter. Triasima Portfolio Management inc. boosted its stake in shares of Sun Life Financial by 0.5% during the 4th quarter. Triasima Portfolio Management inc. now owns 47,900 shares of the financial services provider's stock worth $2,843,000 after acquiring an additional 250 shares in the last quarter. Finally, Five Oceans Advisors increased its holdings in shares of Sun Life Financial by 8.1% during the 4th quarter. Five Oceans Advisors now owns 3,875 shares of the financial services provider's stock valued at $230,000 after acquiring an additional 292 shares during the last quarter. Institutional investors and hedge funds own 52.26% of the company's stock.

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Wall Street Analysts Forecast Growth

Several equities analysts recently commented on SLF shares. StockNews.com cut shares of Sun Life Financial from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th. Cormark raised shares of Sun Life Financial from a "hold" rating to a "moderate buy" rating in a report on Thursday, February 13th. Finally, National Bank Financial raised Sun Life Financial from a "sector perform" rating to an "outperform" rating in a research note on Wednesday, January 15th. Two equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy".

Sun Life Financial Trading Down 0.8 %

Shares of SLF traded down $0.47 during mid-day trading on Thursday, hitting $58.31. 644,608 shares of the company traded hands, compared to its average volume of 683,952. The business has a 50-day moving average of $56.65 and a 200 day moving average of $58.01. Sun Life Financial Inc. has a one year low of $46.41 and a one year high of $62.85. The stock has a market capitalization of $33.28 billion, a price-to-earnings ratio of 15.18, a PEG ratio of 1.52 and a beta of 1.04.

Sun Life Financial (NYSE:SLF - Get Free Report) TSE: SLF last posted its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $1.20 earnings per share (EPS) 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, analysts anticipate that Sun Life Financial Inc. will post 5.19 earnings per share for the current year.

Sun Life Financial Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Wednesday, February 26th were given a $0.5876 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $2.35 dividend on an annualized basis and a dividend yield of 4.03%. Sun Life Financial's dividend payout ratio is 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.