Blue Trust Inc. Sells 399 Shares of Sun Life Financial Inc. (NYSE:SLF)

Blue Trust Inc. decreased its stake in Sun Life Financial Inc. (NYSE:SLFFree Report) (TSE:SLF) by 15.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 2,119 shares of the financial services provider’s stock after selling 399 shares during the quarter. Blue Trust Inc.’s holdings in Sun Life Financial were worth $103,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Barometer Capital Management Inc. increased its position in shares of Sun Life Financial by 7.2% during the 3rd quarter. Barometer Capital Management Inc. now owns 151,850 shares of the financial services provider’s stock worth $7,410,000 after purchasing an additional 10,200 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Sun Life Financial by 1.4% during the third quarter. JPMorgan Chase & Co. now owns 2,897,151 shares of the financial services provider’s stock worth $141,381,000 after buying an additional 41,147 shares during the last quarter. Fiera Capital Corp raised its position in Sun Life Financial by 1.7% during the third quarter. Fiera Capital Corp now owns 678,865 shares of the financial services provider’s stock worth $33,214,000 after acquiring an additional 11,271 shares in the last quarter. Vanguard Group Inc. lifted its stake in Sun Life Financial by 1.6% in the third quarter. Vanguard Group Inc. now owns 22,472,123 shares of the financial services provider’s stock valued at $1,096,640,000 after acquiring an additional 361,798 shares during the last quarter. Finally, Wellington Management Group LLP bought a new position in shares of Sun Life Financial in the 3rd quarter valued at about $3,610,000. Institutional investors and hedge funds own 52.26% of the company’s stock.

Analyst Ratings Changes

Separately, Jefferies Financial Group began coverage on shares of Sun Life Financial in a report on Thursday, February 22nd. They issued a “buy” rating on the stock.

Get Our Latest Stock Report on SLF

Sun Life Financial Trading Up 0.0 %

SLF stock opened at $53.38 on Thursday. The business’s 50 day simple moving average is $53.57 and its 200 day simple moving average is $51.01. Sun Life Financial Inc. has a 1-year low of $44.57 and a 1-year high of $55.46. The firm has a market capitalization of $31.16 billion, a PE ratio of 13.78, a PEG ratio of 1.33 and a beta of 1.01.

Sun Life Financial (NYSE:SLFGet Free Report) (TSE:SLF) last issued its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $1.23 earnings per share for the quarter, beating the consensus estimate of $1.17 by $0.06. The company had revenue of $13.73 billion for the quarter. Sun Life Financial had a net margin of 7.79% and a return on equity of 17.30%. As a group, sell-side analysts predict that Sun Life Financial Inc. will post 5.09 EPS for the current fiscal year.

Sun Life Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Wednesday, February 28th were issued a dividend of $0.581 per share. This represents a $2.32 dividend on an annualized basis and a dividend yield of 4.35%. The ex-dividend date was Tuesday, February 27th. This is a boost from Sun Life Financial’s previous quarterly dividend of $0.56. Sun Life Financial’s payout ratio is currently 59.79%.

Sun Life Financial Profile

(Free Report)

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.

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

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