Russell Investments Group Ltd. Sells 25,387 Shares of Sun Life Financial Inc. (NYSE:SLF)

Russell Investments Group Ltd. cut its stake in shares of Sun Life Financial Inc. (NYSE:SLF - Free Report) TSE: SLF by 4.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 588,875 shares of the financial services provider's stock after selling 25,387 shares during the period. Russell Investments Group Ltd. owned 0.09% of Sun Life Financial worth $34,939,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Human Investing LLC purchased a new stake in Sun Life Financial in the 4th quarter worth approximately $26,000. Asset Planning Inc bought a new position in shares of Sun Life Financial in the fourth quarter worth $40,000. BankPlus Trust Department purchased a new stake in shares of Sun Life Financial in the fourth quarter worth $40,000. Dixon Mitchell Investment Counsel Inc. purchased a new stake in shares of Sun Life Financial in the fourth quarter worth $45,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in Sun Life Financial during the third quarter valued at $51,000. 52.26% of the stock is owned by hedge funds and other institutional investors.

Sun Life Financial Stock Up 2.1 %

Shares of Sun Life Financial stock traded up $1.13 during trading on Friday, hitting $55.39. 585,255 shares of the stock traded hands, compared to its average volume of 683,787. The stock has a market cap of $31.62 billion, a price-to-earnings ratio of 14.43, a PEG ratio of 1.52 and a beta of 0.87. Sun Life Financial Inc. has a 52 week low of $46.41 and a 52 week high of $62.85. The firm's fifty day moving average is $56.07 and its 200-day moving average is $57.88.

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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 EPS for the quarter, beating analysts' consensus estimates 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, analysts forecast that Sun Life Financial Inc. will post 5.19 earnings per share for the current fiscal 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 paid a dividend of $0.5876 per share. The ex-dividend date was Wednesday, February 26th. This represents a $2.35 dividend on an annualized basis and a dividend yield of 4.24%. Sun Life Financial's dividend payout ratio (DPR) is currently 60.16%.

Wall Street Analyst Weigh In

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

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.