TD Waterhouse Canada Inc. Has $116.29 Million Stake in Sun Life Financial Inc. (NYSE:SLF)

TD Waterhouse Canada Inc. boosted its holdings in Sun Life Financial Inc. (NYSE:SLF - Free Report) TSE: SLF by 0.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,964,504 shares of the financial services provider's stock after acquiring an additional 4,765 shares during the period. Sun Life Financial accounts for 0.9% of TD Waterhouse Canada Inc.'s holdings, making the stock its 26th biggest position. TD Waterhouse Canada Inc. owned about 0.31% of Sun Life Financial worth $116,288,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SLF. State Street Corp lifted its holdings in Sun Life Financial by 0.8% during the 3rd quarter. State Street Corp now owns 39,478 shares of the financial services provider's stock worth $2,291,000 after purchasing an additional 330 shares during the last quarter. MML Investors Services LLC acquired a new stake in shares of Sun Life Financial during the third quarter worth $237,000. Barclays PLC grew its stake in shares of Sun Life Financial by 61.3% in the third quarter. Barclays PLC now owns 5,907 shares of the financial services provider's stock valued at $343,000 after acquiring an additional 2,244 shares in the last quarter. Sanctuary Advisors LLC bought a new position in Sun Life Financial during the third quarter worth about $878,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in Sun Life Financial in the 3rd quarter worth about $51,000. 52.26% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on SLF shares. 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 upgraded shares of Sun Life Financial from a "hold" rating to a "moderate buy" rating in a research report on Thursday, February 13th. Finally, StockNews.com cut Sun Life Financial from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th. Two research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy".

Sun Life Financial Price Performance

Shares of Sun Life Financial stock traded down $0.01 during trading on Friday, hitting $58.34. The company's stock had a trading volume of 235,594 shares, compared to its average volume of 684,685. The stock has a market cap of $33.11 billion, a price-to-earnings ratio of 15.19, a price-to-earnings-growth ratio of 1.52 and a beta of 0.87. Sun Life Financial Inc. has a 52 week low of $46.41 and a 52 week high of $62.85. The stock has a 50-day moving average price of $55.95 and a two-hundred day moving average price of $57.82.

Sun Life Financial (NYSE:SLF - Get Free Report) TSE: SLF last issued its quarterly earnings data 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 return on equity of 16.86% and a net margin of 8.08%. On average, equities analysts predict 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 was paid on Monday, March 31st. Investors 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 yield of 4.03%. Sun Life Financial's payout ratio is 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.