Swiss National Bank Has $99.51 Million Stake in Sun Life Financial Inc. (NYSE:SLF)

Swiss National Bank trimmed its stake in Sun Life Financial Inc. (NYSE:SLF - Free Report) TSE: SLF by 4.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,676,800 shares of the financial services provider's stock after selling 72,300 shares during the period. Swiss National Bank owned about 0.27% of Sun Life Financial worth $99,513,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Human Investing LLC acquired a new stake in Sun Life Financial during the 4th quarter valued at $26,000. Assetmark Inc. increased its holdings in shares of Sun Life Financial by 2,747.4% in the third quarter. Assetmark Inc. now owns 541 shares of the financial services provider's stock valued at $31,000 after purchasing an additional 522 shares in the last quarter. Asset Planning Inc bought a new position in Sun Life Financial in the 4th quarter worth approximately $40,000. BankPlus Trust Department bought a new stake in shares of Sun Life Financial during the fourth quarter worth $40,000. Finally, Dixon Mitchell Investment Counsel Inc. bought a new position in Sun Life Financial in the fourth quarter valued at about $45,000. 52.26% of the stock is currently owned by institutional investors and hedge funds.

Sun Life Financial Stock Performance

NYSE:SLF traded up $0.29 on Wednesday, reaching $56.73. The company's stock had a trading volume of 321,460 shares, compared to its average volume of 589,694. The firm has a market cap of $35.46 billion, a PE ratio of 14.77, a PEG ratio of 1.52 and a beta of 1.04. The business's 50-day moving average price is $56.89 and its two-hundred day moving average price is $57.87. Sun Life Financial Inc. has a 1-year low of $46.41 and a 1-year high of $62.85.

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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 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%. As a group, sell-side analysts expect that Sun Life Financial Inc. will post 5.19 EPS for the current year.

Sun Life Financial Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Wednesday, February 26th will be paid a $0.5876 dividend. This represents a $2.35 dividend on an annualized basis and a yield of 4.14%. The ex-dividend date is Wednesday, February 26th. Sun Life Financial's dividend payout ratio is currently 60.16%.

Wall Street Analyst Weigh In

SLF has been the subject of several recent research reports. StockNews.com cut Sun Life Financial from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. Cormark upgraded shares of Sun Life Financial from a "hold" rating to a "moderate buy" rating in a report on Thursday, February 13th. 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 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 company. According to MarketBeat.com, the stock currently has an average 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.