359,600 Shares in Sun Life Financial Inc. (NYSE:SLF) Acquired by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC purchased a new stake in Sun Life Financial Inc. (NYSE:SLF - Free Report) TSE: SLF during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 359,600 shares of the financial services provider's stock, valued at approximately $21,339,000. Susquehanna Fundamental Investments LLC owned approximately 0.06% of Sun Life Financial as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its position in shares of Sun Life Financial by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 24,233,496 shares of the financial services provider's stock worth $1,438,888,000 after buying an additional 197,887 shares in the last quarter. CIBC Asset Management Inc raised its holdings in 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 acquiring an additional 703,391 shares during the period. Norges Bank bought a new stake in Sun Life Financial during the 4th quarter valued at $382,176,000. Geode Capital Management LLC raised its holdings in Sun Life Financial by 30.6% during the 4th quarter. Geode Capital Management LLC now owns 3,467,275 shares of the financial services provider's stock valued at $210,080,000 after acquiring an additional 812,689 shares during the period. Finally, Scotia Capital Inc. raised its holdings in Sun Life Financial by 3.3% during the 4th quarter. Scotia Capital Inc. now owns 2,974,065 shares of the financial services provider's stock valued at $176,273,000 after acquiring an additional 93,992 shares during the period. Institutional investors own 52.26% of the company's stock.

Analyst Upgrades and Downgrades

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

Sun Life Financial Stock Performance

Sun Life Financial stock traded up $0.47 during midday trading on Tuesday, hitting $59.21. 302,447 shares of the company's stock were exchanged, compared to its average volume of 681,769. The company has a market cap of $33.60 billion, a P/E ratio of 15.42, a PEG ratio of 1.52 and a beta of 0.87. The stock has a 50-day moving average price of $56.06 and a two-hundred day moving average price of $57.85. 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 released its quarterly 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 return on equity of 16.86% and a net margin of 8.08%. As a group, sell-side analysts expect that Sun Life Financial Inc. will post 5.19 earnings per share for the current 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. The ex-dividend date was Wednesday, February 26th. This represents a $2.35 annualized dividend and a dividend yield of 3.97%. Sun Life Financial's payout ratio is currently 60.16%.

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.