Two Sigma Advisers LP Trims Stake in Sun Life Financial Inc. (NYSE:SLF)

Two Sigma Advisers LP reduced its position in shares of Sun Life Financial Inc. (NYSE:SLF - Free Report) TSE: SLF by 4.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 440,232 shares of the financial services provider's stock after selling 20,900 shares during the quarter. Two Sigma Advisers LP owned 0.07% of Sun Life Financial worth $26,123,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of SLF. Human Investing LLC acquired a new position in Sun Life Financial in the 4th quarter worth about $26,000. Asset Planning Inc purchased a new stake in shares of Sun Life Financial in the fourth quarter valued at approximately $40,000. BankPlus Trust Department acquired a new position in shares of Sun Life Financial during the 4th quarter worth approximately $40,000. GeoWealth Management LLC lifted its position in shares of Sun Life Financial by 4,657.1% during the 4th quarter. GeoWealth Management LLC now owns 999 shares of the financial services provider's stock valued at $59,000 after buying an additional 978 shares in the last quarter. Finally, JFS Wealth Advisors LLC grew its stake in Sun Life Financial by 432.0% in the 4th quarter. JFS Wealth Advisors LLC now owns 1,032 shares of the financial services provider's stock valued at $61,000 after acquiring an additional 838 shares during the period. 52.26% of the stock is currently owned by institutional investors and hedge funds.

Sun Life Financial Price Performance

SLF traded up $0.53 on Monday, reaching $63.64. 5,005,121 shares of the company's stock were exchanged, compared to its average volume of 666,095. Sun Life Financial Inc. has a twelve month low of $46.41 and a twelve month high of $63.93. The stock has a market cap of $35.94 billion, a PE ratio of 16.57, a P/E/G ratio of 1.52 and a beta of 0.90. The stock's fifty day moving average price is $58.48 and its 200-day moving average price is $58.46.

Sun Life Financial (NYSE:SLF - Get Free Report) TSE: SLF last issued its earnings results on Thursday, May 8th. The financial services provider reported $1.27 earnings per share 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 analysts' expectations of $6.44 billion. During the same period in the previous year, the firm posted $1.40 EPS. As a group, research analysts predict that Sun Life Financial Inc. will post 5.19 earnings per share for the current fiscal year.

Sun Life Financial Increases Dividend

The business 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 is a boost from Sun Life Financial's previous quarterly dividend of $0.59. This represents a $2.53 annualized dividend and a yield of 3.98%. The ex-dividend date of this dividend is Wednesday, May 28th. Sun Life Financial's dividend payout ratio is presently 62.09%.

Wall Street Analyst Weigh In

Several research firms have issued reports on SLF. BMO Capital Markets reaffirmed an "outperform" rating on shares of Sun Life Financial in a report on Monday, May 12th. Scotiabank reaffirmed an "outperform" rating on shares of Sun Life Financial in a research note on Thursday, May 1st. Cormark upgraded Sun Life Financial from a "hold" rating to a "moderate buy" rating in a report on Thursday, February 13th. Royal Bank of Canada boosted their price objective on Sun Life Financial from $82.00 to $88.00 and gave the stock an "outperform" rating in a research note on Monday, May 12th. Finally, Wall Street Zen downgraded Sun Life Financial from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Two investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target 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.