Todd Asset Management LLC Has $37.72 Million Holdings in Sun Life Financial Inc. (NYSE:SLF)

Todd Asset Management LLC lifted its stake in shares of Sun Life Financial Inc. (NYSE:SLF - Free Report) TSE: SLF by 6.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 635,702 shares of the financial services provider's stock after purchasing an additional 37,194 shares during the period. Todd Asset Management LLC owned approximately 0.10% of Sun Life Financial worth $37,723,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. The Manufacturers Life Insurance Company increased its stake in Sun Life Financial by 7.6% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 9,256,384 shares of the financial services provider's stock worth $537,288,000 after purchasing an additional 654,404 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Sun Life Financial by 1.2% in the third quarter. JPMorgan Chase & Co. now owns 2,841,712 shares of the financial services provider's stock worth $164,876,000 after buying an additional 34,072 shares during the period. CIBC Asset Management Inc increased its position in shares of Sun Life Financial by 10.8% in the fourth quarter. CIBC Asset Management Inc now owns 7,192,059 shares of the financial services provider's stock worth $427,712,000 after acquiring an additional 703,391 shares in the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Sun Life Financial during the third quarter valued at approximately $878,000. Finally, FMR LLC lifted its position in shares of Sun Life Financial by 5.2% in the 3rd quarter. FMR LLC now owns 5,189,939 shares of the financial services provider's stock valued at $301,047,000 after acquiring an additional 257,178 shares in the last quarter. 52.26% of the stock is owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

Several equities analysts have weighed in on SLF shares. Cormark upgraded shares of Sun Life Financial from a "hold" rating to a "moderate buy" rating in a research report on Thursday, February 13th. StockNews.com downgraded Sun Life Financial from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. Finally, National Bank Financial raised 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. Based on data from MarketBeat, Sun Life Financial currently has an average rating of "Moderate Buy".

Sun Life Financial Price Performance

SLF traded up $0.92 on Friday, reaching $55.63. 1,038,999 shares of the company traded hands, compared to its average volume of 819,200. The company has a market cap of $31.87 billion, a price-to-earnings ratio of 14.49, a PEG ratio of 1.52 and a beta of 1.03. The stock's 50 day moving average price is $57.89 and its 200-day moving average price is $57.56. 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 posted its quarterly earnings results 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 net margin of 8.08% and a return on equity of 16.86%. As a group, equities research 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 company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Wednesday, February 26th will be paid a dividend of $0.5876 per share. This represents a $2.35 dividend on an annualized basis and a dividend yield of 4.23%. The ex-dividend date of this dividend is Wednesday, February 26th. Sun Life Financial's dividend payout ratio (DPR) is presently 60.16%.

Sun Life Financial 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.