Grantham Mayo Van Otterloo & Co. LLC cut its holdings in Sun Life Financial Inc. (NYSE:SLF - Free Report) TSE: SLF by 27.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 281,269 shares of the financial services provider's stock after selling 106,830 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC's holdings in Sun Life Financial were worth $16,691,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of SLF. Norges Bank bought a new stake in Sun Life Financial during the fourth quarter worth about $382,176,000. Intact Investment Management Inc. boosted its position in shares of Sun Life Financial by 295.5% in the 4th quarter. Intact Investment Management Inc. now owns 1,911,027 shares of the financial services provider's stock worth $113,453,000 after purchasing an additional 1,427,815 shares in the last quarter. Wellington Management Group LLP grew its stake in shares of Sun Life Financial by 2,071.4% in the 4th quarter. Wellington Management Group LLP now owns 1,350,751 shares of the financial services provider's stock worth $80,160,000 after buying an additional 1,288,545 shares during the last quarter. National Bank of Canada FI increased its position in Sun Life Financial by 28.2% during the 3rd quarter. National Bank of Canada FI now owns 5,837,298 shares of the financial services provider's stock valued at $338,621,000 after buying an additional 1,284,556 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Sun Life Financial by 30.6% during the fourth quarter. Geode Capital Management LLC now owns 3,467,275 shares of the financial services provider's stock valued at $210,080,000 after buying an additional 812,689 shares during the last quarter. 52.26% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities research analysts have recently commented on SLF shares. StockNews.com cut 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 report on Wednesday, January 15th. Finally, Cormark upgraded shares of Sun Life Financial from a "hold" rating to a "moderate buy" rating in a research note on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy".
Read Our Latest Stock Report on Sun Life Financial
Sun Life Financial Trading Up 1.9 %
SLF traded up $1.01 during trading on Friday, hitting $55.27. 166,155 shares of the company's stock traded hands, compared to its average volume of 687,906. The stock has a market capitalization of $31.55 billion, a price-to-earnings ratio of 14.40, a PEG ratio of 1.52 and a beta of 0.87. The company'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 released its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $1.20 EPS for the quarter, beating the consensus estimate of $0.90 by $0.30. Sun Life Financial had a return on equity of 16.86% and a net margin of 8.08%. On average, equities analysts expect that Sun Life Financial Inc. will post 5.19 EPS for the current year.
Sun Life Financial Cuts Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Wednesday, February 26th were paid a $0.5876 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $2.35 dividend on an annualized basis and a dividend yield of 4.25%. Sun Life Financial's dividend payout ratio is presently 60.16%.
Sun Life Financial Company Profile
(
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.
Further Reading
Before you consider Sun Life Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sun Life Financial wasn't on the list.
While Sun Life Financial currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
