QV Investors Inc. Purchases 141,712 Shares of Sun Life Financial Inc. (NYSE:SLF)

QV Investors Inc. increased its holdings in Sun Life Financial Inc. (NYSE:SLF - Free Report) TSE: SLF by 11.7% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,352,446 shares of the financial services provider's stock after acquiring an additional 141,712 shares during the period. Sun Life Financial makes up about 8.3% of QV Investors Inc.'s holdings, making the stock its largest holding. QV Investors Inc. owned approximately 0.24% of Sun Life Financial worth $80,261,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of SLF. Mackenzie Financial Corp grew its stake in Sun Life Financial by 2.9% during the 2nd quarter. Mackenzie Financial Corp now owns 14,703,533 shares of the financial services provider's stock worth $721,042,000 after purchasing an additional 407,913 shares in the last quarter. 1832 Asset Management L.P. grew its position in shares of Sun Life Financial by 5.1% during the second quarter. 1832 Asset Management L.P. now owns 10,216,206 shares of the financial services provider's stock worth $500,492,000 after buying an additional 499,009 shares in the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Sun Life Financial by 7.6% during the third quarter. The Manufacturers Life Insurance Company now owns 9,256,384 shares of the financial services provider's stock worth $537,288,000 after buying an additional 654,404 shares during the period. Toronto Dominion Bank increased its stake in shares of Sun Life Financial by 5.0% during the second quarter. Toronto Dominion Bank now owns 6,975,205 shares of the financial services provider's stock worth $341,715,000 after buying an additional 332,641 shares during the period. Finally, CIBC Asset Management Inc raised its holdings in Sun Life Financial by 1.3% in the third quarter. CIBC Asset Management Inc now owns 6,488,668 shares of the financial services provider's stock valued at $377,311,000 after acquiring an additional 81,261 shares in the last quarter. Institutional investors and hedge funds own 52.26% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Sun Life Financial from a "buy" rating to a "hold" rating in a research report on Tuesday, November 19th.

Sun Life Financial Stock Performance

Shares of NYSE SLF remained flat at $57.29 during midday trading on Monday. The stock had a trading volume of 441,696 shares, compared to its average volume of 427,857. The firm has a fifty day simple moving average of $59.94 and a two-hundred day simple moving average of $55.73. The company has a market cap of $32.96 billion, a P/E ratio of 12.76, a PEG ratio of 1.55 and a beta of 1.03. Sun Life Financial Inc. has a 1-year low of $46.41 and a 1-year high of $62.85.

Sun Life Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Wednesday, November 27th were given a $0.621 dividend. This represents a $2.48 dividend on an annualized basis and a dividend yield of 4.34%. This is an increase from Sun Life Financial's previous quarterly dividend of $0.59. The ex-dividend date of this dividend was Wednesday, November 27th. Sun Life Financial's dividend payout ratio (DPR) is 57.46%.

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.