Sun Life Financial Inc. (NYSE:SLF) Shares Acquired by Quantinno Capital Management LP

Quantinno Capital Management LP boosted its holdings in shares of Sun Life Financial Inc. (NYSE:SLF - Free Report) TSE: SLF by 5.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 82,443 shares of the financial services provider's stock after purchasing an additional 4,341 shares during the quarter. Quantinno Capital Management LP's holdings in Sun Life Financial were worth $4,892,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Principal Financial Group Inc. raised its stake in shares of Sun Life Financial by 34.0% during the 4th quarter. Principal Financial Group Inc. now owns 23,633 shares of the financial services provider's stock worth $1,403,000 after buying an additional 6,000 shares during the period. CIBC Asset Management Inc grew its position in shares of Sun Life Financial by 10.8% in the fourth quarter. CIBC Asset Management Inc now owns 7,192,059 shares of the financial services provider's stock valued at $427,712,000 after purchasing an additional 703,391 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Sun Life Financial by 1.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,596,439 shares of the financial services provider's stock worth $94,743,000 after purchasing an additional 15,908 shares in the last quarter. Intact Investment Management Inc. raised its position in shares of Sun Life Financial by 295.5% during the 4th quarter. Intact Investment Management Inc. now owns 1,911,027 shares of the financial services provider's stock worth $113,453,000 after purchasing an additional 1,427,815 shares during the last quarter. Finally, Bleakley Financial Group LLC purchased a new position in Sun Life Financial in the 4th quarter valued at about $526,000. Hedge funds and other institutional investors own 52.26% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have commented on SLF shares. BMO Capital Markets reissued an "outperform" rating on shares of Sun Life Financial in a report on Monday, May 12th. Royal Bank of Canada raised their price objective on Sun Life Financial from $82.00 to $88.00 and gave the company an "outperform" rating in a report on Monday, May 12th. StockNews.com cut shares of Sun Life Financial from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th. Cormark upgraded shares of Sun Life Financial from a "hold" rating to a "moderate buy" rating in a research report on Thursday, February 13th. Finally, Scotiabank reissued an "outperform" rating on shares of Sun Life Financial in a research note on Thursday, May 1st. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $88.00.

Sun Life Financial Trading Down 0.6%

NYSE SLF traded down $0.37 on Wednesday, reaching $63.10. 366,608 shares of the company were exchanged, compared to its average volume of 667,539. The business's fifty day moving average price is $58.05 and its 200 day moving average price is $58.35. The stock has a market capitalization of $35.63 billion, a P/E ratio of 16.43, a price-to-earnings-growth ratio of 1.52 and a beta of 0.90. Sun Life Financial Inc. has a fifty-two week low of $46.41 and a fifty-two week high of $65.39.

Sun Life Financial (NYSE:SLF - Get Free Report) TSE: SLF last announced its quarterly earnings results on Thursday, May 8th. The financial services provider reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.05. Sun Life Financial had a net margin of 8.08% and a return on equity of 16.86%. The firm had revenue of $7.91 billion for the quarter, compared to analysts' expectations of $6.44 billion. During the same quarter in the previous year, the company posted $1.40 EPS. Equities research 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. Shareholders of record on Wednesday, May 28th will be issued a $0.6332 dividend. This represents a $2.53 annualized dividend and a yield of 4.01%. This is a positive change from Sun Life Financial's previous quarterly dividend of $0.59. The ex-dividend date is Wednesday, May 28th. Sun Life Financial's payout ratio is presently 62.09%.

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.