Sun Life Financial Inc (SLF) Shares Sold by Vertex One Asset Management Inc.

Vertex One Asset Management Inc. reduced its stake in shares of Sun Life Financial Inc (NYSE:SLF) (TSE:SLF) by 31.1% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,024 shares of the financial services provider’s stock after selling 6,784 shares during the period. Vertex One Asset Management Inc.’s holdings in Sun Life Financial were worth $620,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Candriam Luxembourg S.C.A. grew its stake in Sun Life Financial by 12.5% during the third quarter. Candriam Luxembourg S.C.A. now owns 64,031 shares of the financial services provider’s stock worth $2,544,000 after buying an additional 7,090 shares during the last quarter. Jarislowsky Fraser Ltd lifted its stake in shares of Sun Life Financial by 7.4% during the 3rd quarter. Jarislowsky Fraser Ltd now owns 317,801 shares of the financial services provider’s stock worth $12,626,000 after buying an additional 21,877 shares during the last quarter. CIBC Asset Management Inc lifted its stake in shares of Sun Life Financial by 2.5% during the 3rd quarter. CIBC Asset Management Inc now owns 7,964,804 shares of the financial services provider’s stock worth $316,349,000 after buying an additional 197,208 shares during the last quarter. First National Trust Co. acquired a new stake in shares of Sun Life Financial during the 3rd quarter worth about $308,000. Finally, Bank of New York Mellon Corp lifted its stake in shares of Sun Life Financial by 1.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 896,931 shares of the financial services provider’s stock worth $35,715,000 after buying an additional 11,765 shares during the last quarter. Institutional investors and hedge funds own 42.36% of the company’s stock.

Shares of Sun Life Financial Inc (NYSE SLF) traded up $0.16 during trading on Tuesday, reaching $42.62. 26,424 shares of the company’s stock traded hands, compared to its average volume of 563,081. Sun Life Financial Inc has a twelve month low of $32.22 and a twelve month high of $44.50. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.23. The firm has a market cap of $25,994.18, a PE ratio of 13.35, a price-to-earnings-growth ratio of 1.67 and a beta of 0.90.

Sun Life Financial (NYSE:SLF) (TSE:SLF) last issued its quarterly earnings data on Wednesday, February 14th. The financial services provider reported $0.83 earnings per share for the quarter, hitting the consensus estimate of $0.83. Sun Life Financial had a net margin of 7.59% and a return on equity of 12.61%. The business had revenue of $6.81 billion during the quarter. equities analysts forecast that Sun Life Financial Inc will post 3.66 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 1st will be paid a $0.3617 dividend. This is a boost from Sun Life Financial’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Wednesday, February 28th. This represents a $1.45 annualized dividend and a yield of 3.39%. Sun Life Financial’s payout ratio is 54.28%.

A number of research firms have recently issued reports on SLF. BMO Capital Markets upgraded shares of Sun Life Financial from a “market perform” rating to an “outperform” rating in a research note on Friday, February 16th. Zacks Investment Research upgraded shares of Sun Life Financial from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a research note on Friday, February 9th. Scotiabank upgraded shares of Sun Life Financial from a “sector perform” rating to a “buy” rating and set a $63.00 target price for the company in a research note on Wednesday, January 31st. Finally, TD Securities upgraded shares of Sun Life Financial from a “hold” rating to a “buy” rating in a research note on Monday, January 15th. Three investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $52.67.

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Sun Life Financial Company Profile

Sun Life Financial Inc is the holding company of Sun Life Assurance Company of Canada. The Company is a financial services company providing a range of insurance, wealth and asset management solutions to individuals and corporate Clients. It operates through five segments. The Sun Life Financial Canada segment provides retail insurance and investment advice, products and services to people across Canada.

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Institutional Ownership by Quarter for Sun Life Financial (NYSE:SLF)

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