Sun Life Financial Inc. (NYSE:SLF) Shares Sold by Fmr LLC

FMR LLC lessened its holdings in shares of Sun Life Financial Inc. (NYSE:SLF - Free Report) TSE: SLF by 0.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,168,977 shares of the financial services provider's stock after selling 20,962 shares during the period. FMR LLC owned approximately 0.82% of Sun Life Financial worth $306,913,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Unigestion Holding SA raised its stake in shares of Sun Life Financial by 21.7% during the 4th quarter. Unigestion Holding SA now owns 242,161 shares of the financial services provider's stock valued at $14,360,000 after buying an additional 43,119 shares during the last quarter. Envestnet Asset Management Inc. raised its position in Sun Life Financial by 3.2% during the fourth quarter. Envestnet Asset Management Inc. now owns 21,807 shares of the financial services provider's stock valued at $1,294,000 after acquiring an additional 674 shares in the last quarter. World Investment Advisors acquired a new position in Sun Life Financial in the fourth quarter valued at approximately $246,000. Geode Capital Management LLC boosted its position in Sun Life Financial by 30.6% in the 4th quarter. Geode Capital Management LLC now owns 3,467,275 shares of the financial services provider's stock worth $210,080,000 after purchasing an additional 812,689 shares in the last quarter. Finally, Franklin Resources Inc. grew its stake in shares of Sun Life Financial by 16.9% during the 4th quarter. Franklin Resources Inc. now owns 283,417 shares of the financial services provider's stock worth $16,807,000 after purchasing an additional 40,997 shares during the period. 52.26% of the stock is currently owned by institutional investors and hedge funds.

Sun Life Financial Stock Up 0.9 %

Shares of SLF stock traded up $0.49 during trading hours on Wednesday, hitting $57.03. 76,519 shares of the company's stock were exchanged, compared to its average volume of 679,690. The firm has a 50 day moving average of $55.99 and a two-hundred day moving average of $57.86. Sun Life Financial Inc. has a fifty-two week low of $46.41 and a fifty-two week high of $62.85. The firm has a market cap of $32.55 billion, a P/E ratio of 14.85, a P/E/G ratio of 1.52 and a beta of 0.87.

Sun Life Financial (NYSE:SLF - Get Free Report) TSE: SLF last posted its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $1.20 earnings per share for the quarter, topping analysts' consensus estimates of $0.90 by $0.30. Sun Life Financial had a net margin of 8.08% and a return on equity of 16.86%. On average, equities analysts forecast that Sun Life Financial Inc. will post 5.19 earnings per share for the current fiscal year.

Sun Life Financial Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Wednesday, February 26th were issued a $0.5876 dividend. This represents a $2.35 annualized dividend and a yield of 4.12%. The ex-dividend date of this dividend was Wednesday, February 26th. Sun Life Financial's payout ratio is 60.16%.

Analysts Set New Price Targets

SLF has been the topic of a number of recent analyst reports. StockNews.com downgraded shares of Sun Life Financial from a "buy" rating to a "hold" rating in a report 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, National Bank Financial upgraded Sun Life Financial from a "sector perform" rating to an "outperform" rating in a research report on Wednesday, January 15th. Two research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy".

Sun Life Financial 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.