Unigestion Holding SA raised its holdings in Sun Life Financial Inc. (NYSE:SLF - Free Report) TSE: SLF by 21.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 242,161 shares of the financial services provider's stock after buying an additional 43,119 shares during the quarter. Unigestion Holding SA's holdings in Sun Life Financial were worth $14,360,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in the business. JPMorgan Chase & Co. boosted its holdings in Sun Life Financial by 1.2% in the third quarter. JPMorgan Chase & Co. now owns 2,841,712 shares of the financial services provider's stock valued at $164,876,000 after acquiring an additional 34,072 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Sun Life Financial by 34.0% in the 4th quarter. Principal Financial Group Inc. now owns 23,633 shares of the financial services provider's stock worth $1,403,000 after purchasing an additional 6,000 shares during the period. CIBC Asset Management Inc boosted its stake in shares of Sun Life Financial by 10.8% during the 4th quarter. CIBC Asset Management Inc now owns 7,192,059 shares of the financial services provider's stock valued at $427,712,000 after purchasing an additional 703,391 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Sun Life Financial during the third quarter valued at about $878,000. Finally, Charles Schwab Investment Management Inc. raised its stake in Sun Life Financial by 1.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,596,439 shares of the financial services provider's stock worth $94,743,000 after buying an additional 15,908 shares in the last quarter. 52.26% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research firms have weighed in on SLF. Cormark raised Sun Life Financial from a "hold" rating to a "moderate buy" rating in a research report on Thursday, February 13th. National Bank Financial raised Sun Life Financial from a "sector perform" rating to an "outperform" rating in a research note on Wednesday, January 15th. Finally, StockNews.com lowered Sun Life Financial from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Two investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy".
Check Out Our Latest Report on SLF
Sun Life Financial Stock Up 2.1 %
Shares of NYSE SLF traded up $1.14 on Friday, reaching $55.40. 218,301 shares of the company's stock traded hands, compared to its average volume of 688,142. The company has a market cap of $31.62 billion, a price-to-earnings ratio of 14.45, a price-to-earnings-growth ratio of 1.52 and a beta of 0.87. The business's 50 day simple moving average is $56.11 and its two-hundred day simple moving average is $57.90. Sun Life Financial Inc. has a 12 month low of $46.41 and a 12 month high of $62.85.
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 earnings per share (EPS) for the quarter, topping 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%. 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 company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Wednesday, February 26th were issued a dividend of $0.5876 per share. This represents a $2.35 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date of this dividend was Wednesday, February 26th. Sun Life Financial's payout ratio is 60.16%.
About Sun Life Financial
(
Free Report)
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.
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