Fieldpoint Private Securities LLC Trims Stock Holdings in Sun Life Financial Inc. (NYSE:SLF)

Fieldpoint Private Securities LLC trimmed its position in Sun Life Financial Inc. (NYSE:SLFGet Rating) (TSE:SLF) by 43.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 549 shares of the financial services provider’s stock after selling 423 shares during the period. Fieldpoint Private Securities LLC’s holdings in Sun Life Financial were worth $31,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of SLF. Brinker Capital Investments LLC grew its stake in shares of Sun Life Financial by 1.4% in the fourth quarter. Brinker Capital Investments LLC now owns 12,828 shares of the financial services provider’s stock worth $714,000 after acquiring an additional 173 shares during the last quarter. Quadrant Capital Group LLC grew its stake in shares of Sun Life Financial by 8.9% in the fourth quarter. Quadrant Capital Group LLC now owns 2,735 shares of the financial services provider’s stock worth $152,000 after acquiring an additional 224 shares during the last quarter. Eaton Vance Management grew its stake in shares of Sun Life Financial by 3.9% in the third quarter. Eaton Vance Management now owns 6,688 shares of the financial services provider’s stock worth $271,000 after acquiring an additional 253 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Sun Life Financial by 1.3% in the fourth quarter. Envestnet Asset Management Inc. now owns 20,691 shares of the financial services provider’s stock worth $1,152,000 after acquiring an additional 264 shares during the last quarter. Finally, Cetera Investment Advisers boosted its position in shares of Sun Life Financial by 1.2% during the fourth quarter. Cetera Investment Advisers now owns 22,447 shares of the financial services provider’s stock valued at $1,250,000 after buying an additional 269 shares during the last quarter. 47.14% of the stock is currently owned by institutional investors.

Several research firms recently commented on SLF. Canaccord Genuity Group dropped their price objective on Sun Life Financial from C$75.50 to C$67.00 in a research report on Sunday, May 15th. TD Securities dropped their price objective on Sun Life Financial from C$72.00 to C$68.00 in a research report on Wednesday, June 1st. National Bank Financial dropped their price objective on Sun Life Financial from C$72.00 to C$68.00 in a research report on Wednesday, June 1st. BMO Capital Markets lowered their target price on Sun Life Financial from C$75.00 to C$72.00 in a report on Wednesday, June 1st. Finally, StockNews.com began coverage on Sun Life Financial in a report on Thursday, March 31st. They issued a “hold” rating on the stock. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $72.23.

NYSE SLF opened at $45.06 on Thursday. The stock’s 50-day moving average price is $49.32 and its 200-day moving average price is $53.02. Sun Life Financial Inc. has a 52 week low of $43.80 and a 52 week high of $58.49. The company has a market capitalization of $26.41 billion, a P/E ratio of 8.62, a price-to-earnings-growth ratio of 1.04 and a beta of 1.06.

Sun Life Financial (NYSE:SLFGet Rating) (TSE:SLF) last posted its quarterly earnings data on Wednesday, May 11th. The financial services provider reported $1.14 EPS for the quarter, topping the consensus estimate of $1.11 by $0.03. Sun Life Financial had a return on equity of 13.66% and a net margin of 11.38%. The firm had revenue of $300.00 million for the quarter. On average, analysts forecast that Sun Life Financial Inc. will post 4.77 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Investors of record on Wednesday, June 1st will be paid a dividend of $0.537 per share. This represents a $2.15 annualized dividend and a yield of 4.77%. The ex-dividend date is Tuesday, May 31st. This is an increase from Sun Life Financial’s previous quarterly dividend of $0.52. Sun Life Financial’s dividend payout ratio (DPR) is 41.68%.

Sun Life Financial Company Profile (Get Rating)

Sun Life Financial Inc, a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients worldwide. It offers term and permanent life, as well as personal health, dental, critical illness, long-term care, and disability insurance products. The company also provides reinsurance products; investment counselling and portfolio management services; mutual funds and segregated funds; trust and banking services; real estate property brokerage and appraisal services; and merchant banking services.

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Institutional Ownership by Quarter for Sun Life Financial (NYSE:SLF)

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