UniSuper Management Pty Ltd Has $659,000 Position in Sun Life Financial Inc. (NYSE:SLF)

UniSuper Management Pty Ltd reduced its stake in Sun Life Financial Inc. (NYSE:SLF - Free Report) TSE: SLF by 36.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,100 shares of the financial services provider's stock after selling 6,346 shares during the period. UniSuper Management Pty Ltd's holdings in Sun Life Financial were worth $659,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in SLF. Intact Investment Management Inc. lifted its position in Sun Life Financial by 295.5% in the fourth quarter. Intact Investment Management Inc. now owns 1,911,027 shares of the financial services provider's stock worth $113,453,000 after purchasing an additional 1,427,815 shares during the period. National Bank of Canada FI lifted its holdings in shares of Sun Life Financial by 28.2% in the third quarter. National Bank of Canada FI now owns 5,837,298 shares of the financial services provider's stock valued at $338,621,000 after buying an additional 1,284,556 shares during the period. CIBC Asset Management Inc lifted its holdings 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 valued at $427,712,000 after buying an additional 703,391 shares during the period. Mufg Securities Canada LTD. boosted its stake in Sun Life Financial by 71.5% during the fourth quarter. Mufg Securities Canada LTD. now owns 879,349 shares of the financial services provider's stock valued at $52,178,000 after buying an additional 366,546 shares in the last quarter. Finally, Cardinal Capital Management Inc. grew its holdings in Sun Life Financial by 29.1% during the fourth quarter. Cardinal Capital Management Inc. now owns 1,123,354 shares of the financial services provider's stock worth $66,550,000 after acquiring an additional 253,488 shares during the period. 52.26% of the stock is currently owned by institutional investors.

Sun Life Financial Stock Down 6.4 %

Shares of NYSE SLF traded down $3.72 during mid-day trading on Friday, hitting $54.53. 946,003 shares of the company traded hands, compared to its average volume of 687,863. Sun Life Financial Inc. has a 1 year low of $46.41 and a 1 year high of $62.85. The stock has a market capitalization of $31.13 billion, a price-to-earnings ratio of 14.20, a PEG ratio of 1.52 and a beta of 1.04. The business has a 50 day moving average of $56.56 and a two-hundred day moving average of $58.01.

Sun Life Financial (NYSE:SLF - Get Free Report) TSE: SLF last posted its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.90 by $0.30. Sun Life Financial had a return on equity of 16.86% and a net margin of 8.08%. As a group, research analysts anticipate that Sun Life Financial Inc. will post 5.19 EPS for the current year.

Sun Life Financial Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Wednesday, February 26th were paid a $0.5876 dividend. This represents a $2.35 dividend on an annualized basis and a yield of 4.31%. The ex-dividend date of this dividend was Wednesday, February 26th. Sun Life Financial's dividend payout ratio is 60.16%.

Analyst Upgrades and Downgrades

SLF has been the subject of a number of research analyst reports. Cormark raised shares of Sun Life Financial from a "hold" rating to a "moderate buy" rating in a report on Thursday, February 13th. National Bank Financial upgraded shares of Sun Life Financial from a "sector perform" rating to an "outperform" rating in a report on Wednesday, January 15th. Finally, StockNews.com cut shares of Sun Life Financial from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. Two investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy".

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.