Sun Life Financial Inc. (NYSE:SLF) Shares Sold by Two Sigma Advisers LP

Two Sigma Advisers LP decreased its holdings in shares of Sun Life Financial Inc. (NYSE:SLF - Free Report) TSE: SLF by 10.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 461,132 shares of the financial services provider's stock after selling 56,300 shares during the period. Two Sigma Advisers LP owned about 0.07% of Sun Life Financial worth $26,755,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Assenagon Asset Management S.A. grew its position in shares of Sun Life Financial by 0.3% during the third quarter. Assenagon Asset Management S.A. now owns 62,589 shares of the financial services provider's stock worth $3,635,000 after acquiring an additional 200 shares during the last quarter. Verdence Capital Advisors LLC grew its position in shares of Sun Life Financial by 1.8% during the second quarter. Verdence Capital Advisors LLC now owns 12,160 shares of the financial services provider's stock worth $596,000 after acquiring an additional 219 shares during the last quarter. State Street Corp grew its position in shares of Sun Life Financial by 0.8% during the third quarter. State Street Corp now owns 39,478 shares of the financial services provider's stock worth $2,291,000 after acquiring an additional 330 shares during the last quarter. Addison Advisors LLC grew its position in shares of Sun Life Financial by 124.9% during the third quarter. Addison Advisors LLC now owns 650 shares of the financial services provider's stock worth $38,000 after acquiring an additional 361 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. grew its position in shares of Sun Life Financial by 1.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 33,507 shares of the financial services provider's stock worth $1,642,000 after acquiring an additional 426 shares during the last quarter. Institutional investors own 52.26% of the company's stock.

Sun Life Financial Stock Performance

NYSE SLF traded down $0.55 on Friday, reaching $62.14. The company's stock had a trading volume of 813,355 shares, compared to its average volume of 726,273. Sun Life Financial Inc. has a twelve month low of $46.41 and a twelve month high of $62.85. The stock has a market cap of $35.77 billion, a PE ratio of 13.84, a PEG ratio of 1.59 and a beta of 1.03. The firm's 50 day moving average is $58.80 and its two-hundred day moving average is $53.90.

Sun Life Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Wednesday, November 27th will be issued a $0.621 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 4.00%. This is an increase 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 is presently 55.23%.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Barclays started coverage on shares of Sun Life Financial in a research report on Thursday, September 5th. They set an "equal weight" rating for the company. StockNews.com lowered shares of Sun Life Financial from a "buy" rating to a "hold" rating in a research report on Tuesday, November 19th.

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.