Ossiam Sells 79,721 Shares of Sun Life Financial Inc. (NYSE:SLF)

Ossiam trimmed its stake in Sun Life Financial Inc. (NYSE:SLF - Free Report) TSE: SLF by 86.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,539 shares of the financial services provider's stock after selling 79,721 shares during the quarter. Ossiam's holdings in Sun Life Financial were worth $744,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Human Investing LLC bought a new position in Sun Life Financial in the 4th quarter valued at about $26,000. Asset Planning Inc purchased a new stake in shares of Sun Life Financial in the fourth quarter worth approximately $40,000. BankPlus Trust Department purchased a new stake in shares of Sun Life Financial in the fourth quarter worth approximately $40,000. Dixon Mitchell Investment Counsel Inc. purchased a new stake in shares of Sun Life Financial in the fourth quarter worth approximately $45,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Sun Life Financial in the third quarter worth approximately $51,000. 52.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SLF. StockNews.com downgraded Sun Life Financial from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th. Cormark raised Sun Life Financial from a "hold" rating to a "moderate buy" rating in a research note on Thursday, February 13th. Finally, National Bank Financial raised Sun Life Financial from a "sector perform" rating to an "outperform" rating in a research note on Wednesday, January 15th. Two equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy".

Sun Life Financial Trading Down 0.0 %

Shares of SLF stock traded down $0.01 during trading on Friday, hitting $58.34. The company's stock had a trading volume of 235,594 shares, compared to its average volume of 683,983. The company has a market cap of $33.11 billion, a PE ratio of 15.19, a P/E/G ratio of 1.52 and a beta of 0.87. The business has a fifty day moving average of $56.00 and a 200-day moving average of $57.84. Sun Life Financial Inc. has a 52 week low of $46.41 and a 52 week high of $62.85.

Sun Life Financial (NYSE:SLF - Get Free Report) TSE: SLF last released its earnings results on Wednesday, February 12th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.30. Sun Life Financial had a return on equity of 16.86% and a net margin of 8.08%. As a group, research analysts predict that Sun Life Financial Inc. will post 5.19 EPS for the current year.

Sun Life Financial Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Wednesday, February 26th were issued a $0.5876 dividend. This represents a $2.35 annualized dividend and a dividend yield of 4.03%. The ex-dividend date was Wednesday, February 26th. Sun Life Financial's dividend payout ratio is presently 60.16%.

About Sun Life Financial

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.