Sun Life Financial Inc. (NYSE:SLF) Shares Sold by Alberta Investment Management Corp

Alberta Investment Management Corp decreased its position in Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) by 20.2% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 1,257,900 shares of the financial services provider’s stock after selling 317,875 shares during the period. Alberta Investment Management Corp owned about 0.20% of Sun Life Financial worth $74,650,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. grew its holdings in 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 purchasing an additional 200 shares during the last quarter. Triasima Portfolio Management inc. boosted its stake in shares of Sun Life Financial by 0.5% during the fourth quarter. Triasima Portfolio Management inc. now owns 47,900 shares of the financial services provider’s stock valued at $2,843,000 after acquiring an additional 250 shares during the last quarter. Five Oceans Advisors boosted its stake in shares of Sun Life Financial by 8.1% during the fourth quarter. Five Oceans Advisors now owns 3,875 shares of the financial services provider’s stock valued at $230,000 after acquiring an additional 292 shares during the last quarter. State Street Corp boosted its stake in shares of Sun Life Financial by 0.8% during the third quarter. State Street Corp now owns 39,478 shares of the financial services provider’s stock valued at $2,291,000 after acquiring an additional 330 shares during the last quarter. Finally, Addison Advisors LLC boosted its stake in shares of Sun Life Financial by 124.9% during the third quarter. Addison Advisors LLC now owns 650 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 361 shares during the last quarter. Institutional investors and hedge funds own 52.26% of the company’s stock.

Analyst Upgrades and Downgrades

SLF has been the topic of a number of analyst reports. National Bank Financial raised Sun Life Financial from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, January 15th. StockNews.com lowered Sun Life Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Finally, Cormark raised Sun Life Financial from a “hold” rating to a “moderate buy” rating in a research note on Thursday, February 13th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy”.

Sun Life Financial Trading Up 0.8 %

NYSE SLF opened at $55.58 on Wednesday. The business’s 50-day moving average price is $58.54 and its 200 day moving average price is $57.33. 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 capitalization of $34.91 billion, a PE ratio of 14.47, a price-to-earnings-growth ratio of 1.52 and a beta of 1.03.

Sun Life Financial (NYSE:SLF) (TSE:SLF) last released 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 return on equity of 16.86% and a net margin of 8.08%. Equities analysts predict that Sun Life Financial Inc. will post 5.17 EPS for the current year.

Sun Life Financial Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Wednesday, February 26th will be given a dividend of $0.5876 per share. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $2.35 annualized dividend and a yield of 4.23%. Sun Life Financial’s dividend payout ratio (DPR) is presently 67.19%.

Sun Life Financial Company 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.