CANADA LIFE ASSURANCE Co Has $40.47 Million Holdings in Sun Life Financial Inc. (NYSE:SLF)

CANADA LIFE ASSURANCE Co raised its holdings in shares of Sun Life Financial Inc. (NYSE:SLF - Free Report) TSE: SLF by 17.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 683,482 shares of the financial services provider's stock after acquiring an additional 102,062 shares during the quarter. CANADA LIFE ASSURANCE Co owned approximately 0.11% of Sun Life Financial worth $40,468,000 at the end of the most recent reporting period.

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

Sun Life Financial Price Performance

Sun Life Financial stock traded up $0.17 during mid-day trading on Monday, hitting $56.60. 546,525 shares of the company's stock traded hands, compared to its average volume of 683,211. Sun Life Financial Inc. has a fifty-two week low of $46.41 and a fifty-two week high of $62.85. The stock has a market cap of $32.31 billion, a price-to-earnings ratio of 14.74, a P/E/G ratio of 1.52 and a beta of 0.87. The firm has a 50 day simple moving average of $55.80 and a two-hundred day simple moving average of $57.82.

Sun Life Financial (NYSE:SLF - Get Free Report) TSE: SLF last announced 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, research analysts anticipate that Sun Life Financial Inc. will post 5.19 earnings per share for the current fiscal year.

Sun Life Financial Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Wednesday, February 26th were issued a $0.5876 dividend. This represents a $2.35 dividend on an annualized basis and a yield of 4.15%. The ex-dividend date of this dividend was Wednesday, February 26th. Sun Life Financial's dividend payout ratio is 60.16%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on SLF shares. StockNews.com downgraded Sun Life Financial from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. Cormark raised shares of Sun Life Financial from a "hold" rating to a "moderate buy" rating in a research report on Thursday, February 13th. Finally, National Bank Financial raised shares of Sun Life Financial from a "sector perform" rating to an "outperform" rating in a report on Wednesday, January 15th. Two analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average 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.