Heathbridge Capital Management Ltd. Sells 200 Shares of Sun Life Financial Inc. (NYSE:SLF)

Heathbridge Capital Management Ltd. lowered its position in shares of Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) by 4.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,000 shares of the financial services provider’s stock after selling 200 shares during the quarter. Sun Life Financial comprises 0.1% of Heathbridge Capital Management Ltd.’s investment portfolio, making the stock its 27th biggest holding. Heathbridge Capital Management Ltd.’s holdings in Sun Life Financial were worth $237,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. Asset Planning Inc bought a new stake in Sun Life Financial during the fourth quarter valued at $40,000. V Square Quantitative Management LLC boosted its position in shares of Sun Life Financial by 28.1% during the 4th quarter. V Square Quantitative Management LLC now owns 24,866 shares of the financial services provider’s stock worth $1,476,000 after purchasing an additional 5,458 shares in the last quarter. Pathway Financial Advisers LLC boosted its position in shares of Sun Life Financial by 2.3% during the 4th quarter. Pathway Financial Advisers LLC now owns 26,561 shares of the financial services provider’s stock worth $1,576,000 after purchasing an additional 609 shares in the last quarter. Louisbourg Investments Inc. boosted its position in shares of Sun Life Financial by 49.9% during the 4th quarter. Louisbourg Investments Inc. now owns 1,252 shares of the financial services provider’s stock worth $74,000 after purchasing an additional 417 shares in the last quarter. Finally, Triasima Portfolio Management inc. boosted its position in shares of Sun Life Financial by 0.5% during the 4th quarter. Triasima Portfolio Management inc. now owns 47,900 shares of the financial services provider’s stock worth $2,843,000 after purchasing an additional 250 shares in the last quarter. Institutional investors own 52.26% of the company’s stock.

Sun Life Financial Stock Performance

Shares of NYSE SLF opened at $55.17 on Friday. Sun Life Financial Inc. has a fifty-two week low of $46.41 and a fifty-two week high of $62.85. The stock has a market cap of $34.65 billion, a price-to-earnings ratio of 12.29, a PEG ratio of 1.61 and a beta of 1.03. The firm’s 50-day simple moving average is $58.78 and its 200 day simple moving average is $57.13.

Sun Life Financial (NYSE:SLF) (TSE:SLF) last announced its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.30. Sun Life Financial had a net margin of 7.32% and a return on equity of 17.44%. On average, sell-side analysts predict that Sun Life Financial Inc. will post 4.76 EPS for the current year.

Sun Life Financial Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Wednesday, February 26th will be given a $0.5876 dividend. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $2.35 annualized dividend and a yield of 4.26%. Sun Life Financial’s payout ratio is 57.46%.

Analysts Set New Price Targets

SLF has been the topic of a number of research analyst reports. 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 cut shares of Sun Life Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Sun Life Financial currently 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.