First Affirmative Financial Network Sells 250 Shares of Sun Life Financial Inc. (NYSE:SLF)

First Affirmative Financial Network decreased its holdings in shares of Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) by 4.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,906 shares of the financial services provider’s stock after selling 250 shares during the period. First Affirmative Financial Network’s holdings in Sun Life Financial were worth $343,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in Sun Life Financial by 1.6% in the 1st quarter. Vanguard Group Inc. now owns 23,241,910 shares of the financial services provider’s stock valued at $1,268,543,000 after acquiring an additional 359,028 shares in the last quarter. TD Asset Management Inc boosted its position in shares of Sun Life Financial by 2.8% during the first quarter. TD Asset Management Inc now owns 16,107,748 shares of the financial services provider’s stock valued at $879,751,000 after buying an additional 442,197 shares during the last quarter. Mackenzie Financial Corp grew its holdings in Sun Life Financial by 2.9% during the second quarter. Mackenzie Financial Corp now owns 14,703,533 shares of the financial services provider’s stock worth $721,042,000 after buying an additional 407,913 shares in the last quarter. 1832 Asset Management L.P. raised its position in Sun Life Financial by 5.1% in the 2nd quarter. 1832 Asset Management L.P. now owns 10,216,206 shares of the financial services provider’s stock valued at $500,492,000 after buying an additional 499,009 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its holdings in Sun Life Financial by 13.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,601,980 shares of the financial services provider’s stock worth $421,167,000 after acquiring an additional 1,049,244 shares during the last quarter. 52.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, Barclays assumed coverage on shares of Sun Life Financial in a report on Thursday, September 5th. They issued an “equal weight” rating for the company.

Sun Life Financial Stock Down 0.0 %

Shares of NYSE SLF opened at $57.22 on Friday. The company has a market capitalization of $33.17 billion, a PE ratio of 14.63, a PEG ratio of 1.47 and a beta of 1.00. The stock’s 50 day moving average price is $54.55 and its 200-day moving average price is $51.94. Sun Life Financial Inc. has a twelve month low of $44.57 and a twelve month high of $58.51.

Sun Life Financial (NYSE:SLF) (TSE:SLF) last posted its quarterly earnings data on Monday, August 12th. The financial services provider reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.07. The business had revenue of $6.52 billion for the quarter, compared to analysts’ expectations of $6.72 billion. Sun Life Financial had a return on equity of 17.47% and a net margin of 8.60%. As a group, research analysts expect that Sun Life Financial Inc. will post 4.86 EPS for the current fiscal year.

Sun Life Financial Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Wednesday, August 28th were given a $0.587 dividend. This represents a $2.35 annualized dividend and a yield of 4.10%. The ex-dividend date of this dividend was Wednesday, August 28th. Sun Life Financial’s dividend payout ratio is 59.85%.

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.