Sun Life Financial Inc. (NYSE:SLF) Shares Acquired by Cumberland Partners Ltd

Cumberland Partners Ltd lifted its stake in Sun Life Financial Inc. (NYSE:SLF - Free Report) TSE: SLF by 94.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,546 shares of the financial services provider's stock after purchasing an additional 5,600 shares during the period. Cumberland Partners Ltd's holdings in Sun Life Financial were worth $684,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the stock. Private Advisor Group LLC lifted its holdings in shares of Sun Life Financial by 2.1% in the 4th quarter. Private Advisor Group LLC now owns 8,643 shares of the financial services provider's stock worth $513,000 after buying an additional 181 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of Sun Life Financial by 0.3% in the third quarter. Assenagon Asset Management S.A. now owns 62,589 shares of the financial services provider's stock valued at $3,635,000 after acquiring an additional 200 shares in the last quarter. Triasima Portfolio Management inc. lifted its stake in Sun Life Financial by 0.5% in the fourth 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 during the period. Five Oceans Advisors grew its holdings in 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 worth $230,000 after acquiring an additional 292 shares in the last quarter. Finally, State Street Corp increased its position in Sun Life Financial by 0.8% during the 3rd quarter. State Street Corp now owns 39,478 shares of the financial services provider's stock valued at $2,291,000 after purchasing an additional 330 shares during the period. 52.26% of the stock is currently owned by institutional investors.

Sun Life Financial Trading Down 1.0 %

Shares of NYSE:SLF traded down $0.57 during trading on Friday, reaching $54.61. The stock had a trading volume of 1,906,535 shares, compared to its average volume of 658,028. The firm's 50-day simple moving average is $58.34 and its 200 day simple moving average is $57.30. Sun Life Financial Inc. has a one year low of $46.41 and a one year high of $62.85. The company has a market capitalization of $34.29 billion, a P/E ratio of 14.22, a PEG ratio of 1.54 and a beta of 1.03.

Sun Life Financial (NYSE:SLF - Get Free Report) TSE: SLF last announced its earnings results on Wednesday, February 12th. The financial services provider reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.30. Sun Life Financial had a net margin of 8.08% and a return on equity of 16.86%. Equities research 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 firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Wednesday, February 26th will be paid a dividend of $0.5876 per share. The ex-dividend date is Wednesday, February 26th. This represents a $2.35 annualized dividend and a yield of 4.30%. Sun Life Financial's dividend payout ratio (DPR) is 67.19%.

Wall Street Analysts Forecast Growth

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