TD Waterhouse Canada Inc. Buys 4,765 Shares of Sun Life Financial Inc. (NYSE:SLF)

TD Waterhouse Canada Inc. grew its position in Sun Life Financial Inc. (NYSE:SLF - Free Report) TSE: SLF by 0.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,964,504 shares of the financial services provider's stock after purchasing an additional 4,765 shares during the quarter. Sun Life Financial makes up about 0.9% of TD Waterhouse Canada Inc.'s investment portfolio, making the stock its 26th largest holding. TD Waterhouse Canada Inc. owned approximately 0.31% of Sun Life Financial worth $116,288,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank bought a new position in Sun Life Financial in the 4th quarter worth $382,176,000. Intact Investment Management Inc. boosted its stake in shares of Sun Life Financial by 295.5% in the fourth quarter. Intact Investment Management Inc. now owns 1,911,027 shares of the financial services provider's stock worth $113,453,000 after acquiring an additional 1,427,815 shares during the period. Wellington Management Group LLP grew its position in shares of Sun Life Financial by 2,071.4% during the fourth quarter. Wellington Management Group LLP now owns 1,350,751 shares of the financial services provider's stock worth $80,160,000 after purchasing an additional 1,288,545 shares in the last quarter. Canada Pension Plan Investment Board raised its stake in Sun Life Financial by 71.9% during the 4th quarter. Canada Pension Plan Investment Board now owns 2,867,939 shares of the financial services provider's stock valued at $170,068,000 after purchasing an additional 1,200,000 shares during the period. Finally, Geode Capital Management LLC lifted its holdings 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. 52.26% of the stock is currently owned by institutional investors.

Sun Life Financial Stock Performance

NYSE:SLF traded down $0.01 during trading hours on Friday, reaching $58.34. The stock had a trading volume of 235,594 shares, compared to its average volume of 682,925. The stock has a market capitalization of $33.11 billion, a PE ratio of 15.19, a PEG ratio of 1.52 and a beta of 0.87. Sun Life Financial Inc. has a 52 week low of $46.41 and a 52 week high of $62.85. The company has a 50 day moving average price of $56.00 and a two-hundred day moving average price of $57.83.

Sun Life Financial (NYSE:SLF - Get Free Report) TSE: SLF last released its quarterly earnings results 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%. Equities 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 declared 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 dividend on an annualized basis and a dividend yield of 4.03%. The ex-dividend date of this dividend was Wednesday, February 26th. Sun Life Financial's payout ratio is 60.16%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on SLF. National Bank Financial upgraded shares of Sun Life Financial from a "sector perform" rating to an "outperform" rating in a research report on Wednesday, January 15th. Cormark upgraded shares of Sun Life Financial from a "hold" rating to a "moderate buy" rating in a report on Thursday, February 13th. Finally, StockNews.com downgraded shares of Sun Life Financial from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. Two 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 stock has an average rating of "Moderate Buy".

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.