Fiera Capital Corp Has $41.73 Million Stock Holdings in Sun Life Financial Inc. (NYSE:SLF)

Fiera Capital Corp lifted its position in shares of Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) by 3.0% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 850,638 shares of the financial services provider’s stock after buying an additional 24,911 shares during the quarter. Fiera Capital Corp’s holdings in Sun Life Financial were worth $41,726,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Voisard Asset Management Group Inc. bought a new stake in Sun Life Financial in the 4th quarter valued at about $26,000. Northwest Financial Advisors acquired a new stake in shares of Sun Life Financial during the 4th quarter worth $29,000. GAMMA Investing LLC raised its stake in Sun Life Financial by 6,244.4% in the second quarter. GAMMA Investing LLC now owns 571 shares of the financial services provider’s stock valued at $28,000 after purchasing an additional 562 shares in the last quarter. Private Wealth Management Group LLC acquired a new stake in Sun Life Financial during the fourth quarter worth about $41,000. Finally, Ridgewood Investments LLC bought a new position in Sun Life Financial in the 2nd quarter valued at about $39,000. Institutional investors own 52.26% of the company’s stock.

Sun Life Financial Stock Performance

Shares of SLF opened at $54.81 on Wednesday. Sun Life Financial Inc. has a 52-week low of $44.57 and a 52-week high of $55.46. The firm has a market cap of $31.66 billion, a price-to-earnings ratio of 14.02, a PEG ratio of 1.40 and a beta of 1.00. The business’s fifty day moving average is $50.48 and its 200-day moving average is $51.45.

Sun Life Financial Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Wednesday, August 28th will be given a dividend of $0.587 per share. The ex-dividend date of this dividend is Wednesday, August 28th. This represents a $2.35 annualized dividend and a yield of 4.28%. Sun Life Financial’s dividend payout ratio is presently 60.10%.

Wall Street Analyst Weigh In

Separately, Argus raised shares of Sun Life Financial to a “strong-buy” rating in a report on Monday, June 3rd.

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.