Sun Life Financial Inc. (NYSE:SLF) Shares Sold by Blue Trust Inc.

Blue Trust Inc. decreased its position in shares of Sun Life Financial Inc. (NYSE:SLF - Free Report) TSE: SLF by 58.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,194 shares of the financial services provider's stock after selling 4,467 shares during the period. Blue Trust Inc.'s holdings in Sun Life Financial were worth $190,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Assetmark Inc. increased its position in Sun Life Financial by 2,747.4% during the third quarter. Assetmark Inc. now owns 541 shares of the financial services provider's stock valued at $31,000 after acquiring an additional 522 shares during the last quarter. Addison Advisors LLC boosted its stake in shares of Sun Life Financial by 124.9% during the third quarter. Addison Advisors LLC now owns 650 shares of the financial services provider's stock valued at $38,000 after purchasing an additional 361 shares during the period. Asset Planning Inc purchased a new stake in shares of Sun Life Financial during the fourth quarter valued at $40,000. Dixon Mitchell Investment Counsel Inc. purchased a new stake in shares of Sun Life Financial during the fourth quarter valued at $45,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Sun Life Financial during the third quarter valued at $51,000. Institutional investors own 52.26% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on SLF shares. StockNews.com lowered shares of Sun Life Financial from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th. National Bank Financial raised shares of Sun Life Financial from a "sector perform" rating to an "outperform" rating in a research note on Wednesday, January 15th. Finally, Cormark raised shares of Sun Life Financial from a "hold" rating to a "moderate buy" rating in a research note on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy".

Sun Life Financial Price Performance

Sun Life Financial stock traded down $0.57 during trading hours on Friday, reaching $54.61. The stock had a trading volume of 1,906,535 shares, compared to its average volume of 677,826. The company has a market cap of $34.29 billion, a price-to-earnings ratio of 14.22, a PEG ratio of 1.52 and a beta of 1.03. The business's 50 day moving average price is $58.22 and its 200-day moving average price is $57.36. Sun Life Financial Inc. has a 52 week low of $46.41 and a 52 week high of $62.85.

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 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%. On average, sell-side analysts forecast that Sun Life Financial Inc. will post 5.19 EPS for the current fiscal year.

Sun Life Financial Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Wednesday, February 26th will be issued a $0.5876 dividend. The ex-dividend date is Wednesday, February 26th. This represents a $2.35 dividend on an annualized basis and a yield of 4.30%. Sun Life Financial's dividend payout ratio is presently 67.19%.

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.