Cwm LLC Sells 1,329 Shares of Sun Life Financial Inc. (NYSE:SLF)

Cwm LLC decreased its holdings in shares of Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) by 22.6% during the fourth quarter, HoldingsChannel reports. The fund owned 4,555 shares of the financial services provider’s stock after selling 1,329 shares during the quarter. Cwm LLC’s holdings in Sun Life Financial were worth $236,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in SLF. Toronto Dominion Bank grew its position in shares of Sun Life Financial by 9.1% in the third quarter. Toronto Dominion Bank now owns 4,436,203 shares of the financial services provider’s stock valued at $216,487,000 after purchasing an additional 371,693 shares in the last quarter. Vanguard Group Inc. grew its holdings in Sun Life Financial by 1.6% during the 3rd quarter. Vanguard Group Inc. now owns 22,472,123 shares of the financial services provider’s stock valued at $1,096,640,000 after buying an additional 361,798 shares in the last quarter. Korea Investment CORP increased its position in shares of Sun Life Financial by 78.1% during the third quarter. Korea Investment CORP now owns 703,435 shares of the financial services provider’s stock valued at $34,480,000 after buying an additional 308,479 shares during the period. Grantham Mayo Van Otterloo & Co. LLC lifted its holdings in shares of Sun Life Financial by 79.9% in the third quarter. Grantham Mayo Van Otterloo & Co. LLC now owns 622,278 shares of the financial services provider’s stock worth $30,398,000 after buying an additional 276,432 shares in the last quarter. Finally, Alberta Investment Management Corp lifted its holdings in shares of Sun Life Financial by 12.6% in the third quarter. Alberta Investment Management Corp now owns 2,316,743 shares of the financial services provider’s stock worth $113,558,000 after buying an additional 258,800 shares in the last quarter. Hedge funds and other institutional investors own 52.26% of the company’s stock.

Analysts Set New Price Targets

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

Sun Life Financial Stock Up 0.8 %

Shares of NYSE SLF opened at $52.47 on Friday. The stock’s 50-day simple moving average is $53.23 and its two-hundred day simple moving average is $51.42. Sun Life Financial Inc. has a twelve month low of $44.57 and a twelve month high of $55.46. The firm has a market capitalization of $30.56 billion, a P/E ratio of 13.52, a P/E/G ratio of 1.28 and a beta of 1.00.

Sun Life Financial (NYSE:SLF) (TSE:SLF) last posted its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.06. Sun Life Financial had a net margin of 7.79% and a return on equity of 17.30%. The company had revenue of $13.73 billion for the quarter. As a group, research analysts anticipate that Sun Life Financial Inc. will post 5.03 EPS for the current fiscal year.

Sun Life Financial Increases Dividend

The business 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 is an increase from Sun Life Financial’s previous quarterly dividend of $0.56. This represents a $2.32 dividend on an annualized basis and a dividend yield of 4.43%. The ex-dividend date of this dividend was Tuesday, February 27th. Sun Life Financial’s payout ratio is currently 59.79%.

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.