Unigestion Holding SA Takes Position in Sun Life Financial Inc. (NYSE:SLF)

Unigestion Holding SA bought a new stake in Sun Life Financial Inc. (NYSE:SLF - Free Report) TSE: SLF in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 199,042 shares of the financial services provider's stock, valued at approximately $11,544,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in SLF. Cetera Advisors LLC purchased a new position in Sun Life Financial in the 1st quarter valued at $384,000. CWM LLC raised its stake in shares of Sun Life Financial by 36.3% during the 2nd quarter. CWM LLC now owns 6,313 shares of the financial services provider's stock worth $309,000 after buying an additional 1,681 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of Sun Life Financial by 10.0% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 11,332 shares of the financial services provider's stock valued at $555,000 after buying an additional 1,030 shares during the period. M&G Plc purchased a new stake in shares of Sun Life Financial in the second quarter valued at approximately $1,520,000. Finally, Assenagon Asset Management S.A. lifted its holdings in Sun Life Financial by 3.8% in the second quarter. Assenagon Asset Management S.A. now owns 62,389 shares of the financial services provider's stock valued at $3,058,000 after acquiring an additional 2,261 shares during the period. Hedge funds and other institutional investors own 52.26% of the company's stock.

Wall Street Analyst Weigh In

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

Sun Life Financial Stock Performance

Shares of NYSE:SLF traded down $0.33 during midday trading on Wednesday, hitting $60.74. 541,041 shares of the company's stock traded hands, compared to its average volume of 670,343. Sun Life Financial Inc. has a twelve month low of $46.41 and a twelve month high of $62.85. The company has a market cap of $34.97 billion, a PE ratio of 13.62, a P/E/G ratio of 1.60 and a beta of 1.02. The firm's fifty day moving average price is $58.93 and its two-hundred day moving average price is $54.07.

Sun Life Financial Increases Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Wednesday, November 27th. This is an increase from Sun Life Financial's previous quarterly dividend of $0.59. This represents a $2.48 annualized dividend and a dividend yield of 4.09%. Sun Life Financial's dividend payout ratio is 55.23%.

About Sun Life Financial

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.