Susquehanna Fundamental Investments LLC Buys New Shares in Sun Life Financial Inc. (NYSE:SLF)

Susquehanna Fundamental Investments LLC acquired a new position in Sun Life Financial Inc. (NYSE:SLF - Free Report) TSE: SLF in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 359,600 shares of the financial services provider's stock, valued at approximately $21,339,000. Susquehanna Fundamental Investments LLC owned 0.06% of Sun Life Financial at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in shares of Sun Life Financial by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 24,233,496 shares of the financial services provider's stock valued at $1,438,888,000 after purchasing an additional 197,887 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Sun Life Financial by 10.8% during 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 last quarter. Norges Bank purchased a new position in shares of Sun Life Financial during the fourth quarter valued at approximately $382,176,000. Geode Capital Management LLC lifted its holdings in shares of Sun Life Financial by 30.6% during the fourth quarter. Geode Capital Management LLC now owns 3,467,275 shares of the financial services provider's stock valued at $210,080,000 after purchasing an additional 812,689 shares during the last quarter. Finally, Scotia Capital Inc. lifted its holdings in shares of Sun Life Financial by 3.3% during the fourth quarter. Scotia Capital Inc. now owns 2,974,065 shares of the financial services provider's stock valued at $176,273,000 after purchasing an additional 93,992 shares during the last quarter. 52.26% of the stock is currently owned by hedge funds and other institutional investors.

Sun Life Financial Trading Down 0.2 %

NYSE:SLF traded down $0.13 during trading hours on Thursday, reaching $59.42. The company had a trading volume of 132,319 shares, compared to its average volume of 653,670. Sun Life Financial Inc. has a 52 week low of $46.41 and a 52 week high of $62.85. The firm has a market cap of $33.72 billion, a price-to-earnings ratio of 15.47, a PEG ratio of 1.52 and a beta of 0.87. The firm's 50 day moving average price is $56.24 and its 200-day moving average price is $57.87.

Sun Life Financial (NYSE:SLF - Get Free Report) TSE: SLF last issued its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, beating 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, 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 firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Wednesday, February 26th were given a dividend of $0.5876 per share. This represents a $2.35 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date of this dividend was Wednesday, February 26th. Sun Life Financial's payout ratio is 60.16%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on SLF shares. Cormark upgraded shares of Sun Life Financial from a "hold" rating to a "moderate buy" rating in a report on Thursday, February 13th. StockNews.com downgraded shares of Sun Life Financial from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Finally, National Bank Financial raised shares of 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 given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy".

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.