Sun Life Financial Inc. (NYSE:SLF) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lowered its holdings in shares of Sun Life Financial Inc. (NYSE:SLF - Free Report) TSE: SLF by 7.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,125,104 shares of the financial services provider's stock after selling 92,388 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.18% of Sun Life Financial worth $65,279,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of SLF. Assenagon Asset Management S.A. lifted its position in shares of Sun Life Financial by 0.3% in the third quarter. Assenagon Asset Management S.A. now owns 62,589 shares of the financial services provider's stock valued at $3,635,000 after acquiring an additional 200 shares in the last quarter. Verdence Capital Advisors LLC grew its holdings 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 buying an additional 219 shares in the last quarter. Addison Advisors LLC raised its position in shares of Sun Life Financial by 124.9% in the third quarter. Addison Advisors LLC now owns 650 shares of the financial services provider's stock valued at $38,000 after buying an additional 361 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake 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 valued at $1,642,000 after buying an additional 426 shares during the period. Finally, Evergreen Capital Management LLC grew its stake in Sun Life Financial by 9.5% in the 2nd quarter. Evergreen Capital Management LLC now owns 5,373 shares of the financial services provider's stock worth $263,000 after acquiring an additional 466 shares during the period. Institutional investors and hedge funds own 52.26% of the company's stock.

Sun Life Financial Trading Down 0.7 %

Shares of Sun Life Financial stock traded down $0.41 during trading hours on Tuesday, reaching $61.29. The stock had a trading volume of 296,721 shares, compared to its average volume of 666,858. The firm has a market capitalization of $35.28 billion, a price-to-earnings ratio of 13.65, a P/E/G ratio of 1.59 and a beta of 1.03. Sun Life Financial Inc. has a 1 year low of $46.41 and a 1 year high of $62.05. The firm has a 50 day simple moving average of $58.36 and a two-hundred day simple moving average of $53.55.

Sun Life Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Wednesday, November 27th will be paid a dividend of $0.621 per share. This is an increase from Sun Life Financial's previous quarterly dividend of $0.59. This represents a $2.48 annualized dividend and a yield of 4.05%. The ex-dividend date of this dividend is Wednesday, November 27th. Sun Life Financial's payout ratio is currently 55.23%.

Analyst Ratings Changes

SLF has been the topic of a number of recent analyst reports. StockNews.com lowered Sun Life Financial from a "buy" rating to a "hold" rating in a research note on Tuesday, November 19th. Barclays started coverage on Sun Life Financial in a report on Thursday, September 5th. They issued an "equal weight" rating for the company.

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.