Sun Life Financial Inc. (NYSE:SLF) Shares Bought by Wellington Management Group LLP

Wellington Management Group LLP raised its holdings in shares of Sun Life Financial Inc. (NYSE:SLF - Free Report) TSE: SLF by 2,071.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,350,751 shares of the financial services provider's stock after buying an additional 1,288,545 shares during the quarter. Wellington Management Group LLP owned about 0.22% of Sun Life Financial worth $80,160,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Human Investing LLC bought a new stake in shares of Sun Life Financial in the 4th quarter valued at about $26,000. Asset Planning Inc bought a new stake in shares of Sun Life Financial in the 4th quarter worth $40,000. BankPlus Trust Department purchased a new position in shares of Sun Life Financial in the 4th quarter worth $40,000. Dixon Mitchell Investment Counsel Inc. purchased a new position in Sun Life Financial during the fourth quarter valued at $45,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Sun Life Financial in the third quarter valued at about $51,000. 52.26% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on SLF shares. StockNews.com cut Sun Life Financial from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th. National Bank Financial raised Sun Life Financial from a "sector perform" rating to an "outperform" rating in a research report on Wednesday, January 15th. Finally, Cormark upgraded Sun Life Financial from a "hold" rating to a "moderate buy" rating in a research report on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy".

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Sun Life Financial Stock Down 2.3 %

SLF traded down $1.27 on Thursday, reaching $54.42. The company had a trading volume of 95,385 shares, compared to its average volume of 687,899. 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 $31.06 billion, a PE ratio of 14.18, a P/E/G ratio of 1.52 and a beta of 0.87. The stock has a 50-day moving average price of $56.17 and a 200-day moving average price of $57.92.

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

Sun Life Financial Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Wednesday, February 26th were given a $0.5876 dividend. This represents a $2.35 annualized dividend and a dividend yield of 4.32%. The ex-dividend date was Wednesday, February 26th. Sun Life Financial's payout ratio is currently 60.16%.

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.