Sun Life Financial Inc. (NYSE:SLF) Shares Sold by Invesco Ltd.

Invesco Ltd. lowered its position in Sun Life Financial Inc. (NYSE:SLF - Free Report) TSE: SLF by 2.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,276,702 shares of the financial services provider's stock after selling 30,612 shares during the period. Invesco Ltd. owned about 0.20% of Sun Life Financial worth $75,759,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in SLF. Stifel Financial Corp boosted its holdings in Sun Life Financial by 1.6% during the third quarter. Stifel Financial Corp now owns 44,977 shares of the financial services provider's stock worth $2,610,000 after buying an additional 722 shares in the last quarter. State Street Corp increased its stake in Sun Life Financial by 0.8% in 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 in the last quarter. MML Investors Services LLC acquired a new position in Sun Life Financial during the third quarter worth $237,000. Barclays PLC raised its holdings in Sun Life Financial by 61.3% during the third quarter. Barclays PLC now owns 5,907 shares of the financial services provider's stock worth $343,000 after purchasing an additional 2,244 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in Sun Life Financial by 8.5% during the third quarter. Geode Capital Management LLC now owns 2,654,586 shares of the financial services provider's stock worth $156,127,000 after purchasing an additional 207,832 shares in the last quarter. Hedge funds and other institutional investors own 52.26% of the company's stock.

Wall Street Analysts Forecast Growth

SLF has been the subject of several research reports. Cormark raised Sun Life Financial from a "hold" rating to a "moderate buy" rating in a research note on Thursday, February 13th. StockNews.com cut shares of Sun Life Financial from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Finally, National Bank Financial upgraded shares of Sun Life Financial from a "sector perform" rating to an "outperform" rating in a research report on Wednesday, January 15th. 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. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy".

Sun Life Financial Stock Performance

SLF stock traded down $0.11 during trading on Friday, hitting $56.40. The stock had a trading volume of 505,515 shares, compared to its average volume of 683,720. The stock has a market cap of $32.19 billion, a price-to-earnings ratio of 14.69, a price-to-earnings-growth ratio of 1.52 and a beta of 0.87. The company's 50 day moving average price is $55.85 and its two-hundred day moving average price is $57.83. Sun Life Financial Inc. has a 1-year low of $46.41 and a 1-year 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 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%. As a group, sell-side 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 declared 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 annualized dividend and a yield of 4.17%. The ex-dividend date was Wednesday, February 26th. Sun Life Financial's dividend payout ratio (DPR) is 60.16%.

About Sun Life Financial

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.