Cumberland Partners Ltd Has $401,000 Holdings in Sun Life Financial Inc. $SLF

Cumberland Partners Ltd decreased its holdings in Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) by 80.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,678 shares of the financial services provider’s stock after selling 28,008 shares during the quarter. Cumberland Partners Ltd’s holdings in Sun Life Financial were worth $401,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Private Trust Co. NA increased its holdings in shares of Sun Life Financial by 130.6% during the second quarter. Private Trust Co. NA now owns 429 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 243 shares during the period. Smartleaf Asset Management LLC grew its position in Sun Life Financial by 184.1% during the third quarter. Smartleaf Asset Management LLC now owns 588 shares of the financial services provider’s stock worth $35,000 after buying an additional 381 shares in the last quarter. Westside Investment Management Inc. increased its stake in Sun Life Financial by 62.8% during the 2nd quarter. Westside Investment Management Inc. now owns 578 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 223 shares during the period. Tobam acquired a new position in Sun Life Financial in the 2nd quarter valued at $44,000. Finally, Addison Advisors LLC lifted its position in shares of Sun Life Financial by 48.8% during the 2nd quarter. Addison Advisors LLC now owns 704 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 231 shares during the period. Institutional investors own 52.26% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Weiss Ratings restated a “buy (b)” rating on shares of Sun Life Financial in a research report on Wednesday, January 21st. Barclays reissued an “underweight” rating on shares of Sun Life Financial in a report on Thursday, January 8th. Evercore reaffirmed an “outperform” rating on shares of Sun Life Financial in a report on Thursday. National Bank Financial reiterated a “sector perform” rating on shares of Sun Life Financial in a research report on Thursday, November 6th. Finally, Scotiabank restated a “sector perform” rating on shares of Sun Life Financial in a research report on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $86.50.

Sun Life Financial Stock Down 1.5%

NYSE SLF opened at $65.34 on Friday. The company has a market cap of $36.19 billion, a price-to-earnings ratio of 14.85 and a beta of 0.88. Sun Life Financial Inc. has a twelve month low of $52.44 and a twelve month high of $69.67. The business’s fifty day moving average is $63.46 and its 200 day moving average is $60.88.

Sun Life Financial (NYSE:SLF) (TSE:SLF) last posted its earnings results on Wednesday, February 11th. The financial services provider reported $1.41 EPS for the quarter, beating the consensus estimate of $1.35 by $0.06. Sun Life Financial had a return on equity of 17.76% and a net margin of 8.48%.The firm had revenue of $973.53 million during the quarter, compared to the consensus estimate of $973.53 million. During the same period last year, the company earned $1.68 earnings per share. On average, research analysts anticipate that Sun Life Financial Inc. will post 5.19 earnings per share for the current fiscal year.

Sun Life Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Wednesday, February 25th will be issued a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date is Wednesday, February 25th. Sun Life Financial’s dividend payout ratio (DPR) is 59.55%.

Sun Life Financial Company Profile

Sun Life Financial Inc, founded in 1865 and headquartered in Toronto, Ontario, is an international financial services organization that provides a range of insurance, wealth management and asset management solutions. The company serves individual and institutional clients, offering products designed to protect against life and health risks, help clients save for retirement, and manage investments on behalf of customers and third parties.

Core business activities include life and health insurance, group benefits for employers, retirement and pension products, and wealth management services such as mutual funds and segregated fund solutions.