Crossmark Global Holdings Inc. Sells 2,701 Shares of Sun Life Financial Inc. (NYSE:SLF)

Crossmark Global Holdings Inc. cut its stake in shares of Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) by 1.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 198,891 shares of the financial services provider’s stock after selling 2,701 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Sun Life Financial were worth $11,802,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Assenagon Asset Management S.A. boosted its holdings in Sun Life Financial by 0.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 62,589 shares of the financial services provider’s stock worth $3,635,000 after buying an additional 200 shares during the period. State Street Corp lifted its stake in Sun Life Financial by 0.8% in the third quarter. State Street Corp now owns 39,478 shares of the financial services provider’s stock worth $2,291,000 after purchasing an additional 330 shares during the last quarter. Addison Advisors LLC increased its stake in Sun Life Financial by 124.9% in the third quarter. Addison Advisors LLC now owns 650 shares of the financial services provider’s stock worth $38,000 after purchasing an additional 361 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in Sun Life Financial by 1.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 33,507 shares of the financial services provider’s stock valued at $1,642,000 after buying an additional 426 shares during the period. Finally, Evergreen Capital Management LLC lifted its holdings in shares of Sun Life Financial by 9.5% in the 2nd quarter. Evergreen Capital Management LLC now owns 5,373 shares of the financial services provider’s stock worth $263,000 after buying an additional 466 shares during the period. 52.26% of the stock is currently owned by institutional investors.

Sun Life Financial Stock Performance

NYSE:SLF opened at $58.83 on Tuesday. Sun Life Financial Inc. has a 1 year low of $46.41 and a 1 year high of $62.85. The stock has a market cap of $33.76 billion, a P/E ratio of 13.10, a P/E/G ratio of 1.59 and a beta of 1.03. The stock has a 50-day simple moving average of $59.95 and a 200-day simple moving average of $56.05.

Sun Life Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Wednesday, November 27th were given a dividend of $0.621 per share. This represents a $2.48 annualized dividend and a dividend yield of 4.22%. The ex-dividend date of this dividend was Wednesday, November 27th. This is an increase from Sun Life Financial’s previous quarterly dividend of $0.59. Sun Life Financial’s payout ratio is currently 57.46%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on SLF shares. 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. StockNews.com lowered Sun Life Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, November 19th. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus 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.