Toronto Dominion Bank lowered its stake in shares of Sun Life Financial Inc. (NYSE:SLF - Free Report) TSE: SLF by 0.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,920,916 shares of the financial services provider's stock after selling 54,289 shares during the quarter. Sun Life Financial comprises 0.7% of Toronto Dominion Bank's holdings, making the stock its 24th largest holding. Toronto Dominion Bank owned 1.10% of Sun Life Financial worth $401,552,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors also recently added to or reduced their stakes in the company. Assetmark Inc. boosted its position in Sun Life Financial by 2,747.4% during 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. Addison Advisors LLC boosted its position in Sun Life Financial by 124.9% during the third quarter. Addison Advisors LLC now owns 650 shares of the financial services provider's stock valued at $38,000 after purchasing an additional 361 shares in the last quarter. Clean Yield Group purchased a new stake in Sun Life Financial in the third quarter valued at about $39,000. Ridgewood Investments LLC purchased a new stake in Sun Life Financial in the second quarter valued at about $39,000. Finally, Fairfield Financial Advisors LTD purchased a new stake in Sun Life Financial in the second quarter valued at about $43,000. Institutional investors own 52.26% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts have commented on the company. StockNews.com cut Sun Life Financial from a "buy" rating to a "hold" rating in a research note on Tuesday, November 19th. Barclays assumed coverage on Sun Life Financial in a research note on Thursday, September 5th. They issued an "equal weight" rating for the company.
Get Our Latest Stock Report on SLF
Sun Life Financial Stock Down 0.2 %
Shares of NYSE:SLF traded down $0.13 during trading on Wednesday, hitting $60.94. The stock had a trading volume of 145,344 shares, compared to its average volume of 668,647. Sun Life Financial Inc. has a 12-month low of $46.41 and a 12-month high of $62.85. The stock has a market capitalization of $35.08 billion, a price-to-earnings ratio of 13.62, a price-to-earnings-growth ratio of 1.60 and a beta of 1.02. The stock has a 50-day simple moving average of $58.93 and a two-hundred day simple moving average of $54.07.
Sun Life Financial Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Wednesday, November 27th will be paid a $0.621 dividend. This represents a $2.48 annualized dividend and a dividend yield of 4.08%. This is a boost from Sun Life Financial's previous quarterly dividend of $0.59. The ex-dividend date is Wednesday, November 27th. Sun Life Financial's dividend payout ratio (DPR) is presently 55.23%.
Sun Life Financial Profile
(
Free Report)
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.
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