Deutsche Bank AG Acquires 60,062 Shares of Sun Life Financial Inc. (NYSE:SLF)

Deutsche Bank AG lifted its stake in shares of Sun Life Financial Inc. (NYSE:SLF - Free Report) TSE: SLF by 6.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 949,120 shares of the financial services provider's stock after acquiring an additional 60,062 shares during the quarter. Deutsche Bank AG owned 0.15% of Sun Life Financial worth $56,321,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Private Advisor Group LLC boosted its position in Sun Life Financial by 2.1% during the fourth quarter. Private Advisor Group LLC now owns 8,643 shares of the financial services provider's stock valued at $513,000 after purchasing an additional 181 shares during the last quarter. Checchi Capital Advisers LLC lifted its holdings in shares of Sun Life Financial by 5.4% during the 4th quarter. Checchi Capital Advisers LLC now owns 3,719 shares of the financial services provider's stock valued at $221,000 after buying an additional 192 shares during the last quarter. Erste Asset Management GmbH grew its stake in shares of Sun Life Financial by 0.7% in the 4th quarter. Erste Asset Management GmbH now owns 28,400 shares of the financial services provider's stock valued at $1,693,000 after buying an additional 200 shares in the last quarter. Triasima Portfolio Management inc. increased its holdings in Sun Life Financial by 0.5% in the fourth quarter. Triasima Portfolio Management inc. now owns 47,900 shares of the financial services provider's stock worth $2,843,000 after buying an additional 250 shares during the last quarter. Finally, Baird Financial Group Inc. increased its holdings in Sun Life Financial by 4.4% in the fourth quarter. Baird Financial Group Inc. now owns 5,912 shares of the financial services provider's stock worth $351,000 after buying an additional 250 shares during the last quarter. Institutional investors and hedge funds own 52.26% of the company's stock.

Sun Life Financial Stock Down 0.4%

SLF traded down $0.25 during trading on Friday, hitting $62.87. The company had a trading volume of 3,796,173 shares, compared to its average volume of 668,754. The company has a market capitalization of $35.68 billion, a PE ratio of 16.37, a PEG ratio of 1.52 and a beta of 0.90. The firm's 50-day moving average price is $57.53 and its 200 day moving average price is $58.18. Sun Life Financial Inc. has a one year low of $46.41 and a one year high of $63.38.

Sun Life Financial (NYSE:SLF - Get Free Report) TSE: SLF last released its earnings results on Thursday, May 8th. The financial services provider reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.22 by $0.05. Sun Life Financial had a return on equity of 16.86% and a net margin of 8.08%. The business had revenue of $7.91 billion for the quarter, compared to analyst estimates of $6.44 billion. During the same quarter in the prior year, the company posted $1.40 earnings per share. Sell-side analysts forecast that Sun Life Financial Inc. will post 5.19 earnings per share for the current year.

Sun Life Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Wednesday, May 28th will be issued a $0.6332 dividend. This represents a $2.53 dividend on an annualized basis and a dividend yield of 4.03%. This is a boost from Sun Life Financial's previous quarterly dividend of $0.59. The ex-dividend date is Wednesday, May 28th. Sun Life Financial's dividend payout ratio is presently 62.09%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on SLF shares. Cormark raised shares of Sun Life Financial from a "hold" rating to a "moderate buy" rating in a research note on Thursday, February 13th. StockNews.com downgraded Sun Life Financial from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Scotiabank reiterated an "outperform" rating on shares of Sun Life Financial in a research note on Thursday, May 1st. Royal Bank of Canada increased their price objective on shares of Sun Life Financial from $82.00 to $88.00 and gave the stock an "outperform" rating in a report on Monday. Finally, BMO Capital Markets restated an "outperform" rating on shares of Sun Life Financial in a report on Monday. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Sun Life Financial currently has an average rating of "Moderate Buy" and an average target price of $88.00.

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.