Sun Life Financial Inc. (NYSE:SLF) Holdings Trimmed by Rempart Asset Management Inc.

Rempart Asset Management Inc. cut its holdings in Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) by 26.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,335 shares of the financial services provider’s stock after selling 1,907 shares during the quarter. Rempart Asset Management Inc.’s holdings in Sun Life Financial were worth $316,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Assetmark Inc. grew its stake in shares of Sun Life Financial by 2,747.4% in the 3rd quarter. Assetmark Inc. now owns 541 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 522 shares during the last quarter. Addison Advisors LLC increased its holdings in shares of Sun Life Financial by 124.9% in the third quarter. Addison Advisors LLC now owns 650 shares of the financial services provider’s stock valued at $38,000 after buying an additional 361 shares in the last quarter. Clean Yield Group acquired a new stake in shares of Sun Life Financial during the 3rd quarter valued at $39,000. Fairfield Financial Advisors LTD acquired a new stake in shares of Sun Life Financial during the 2nd quarter valued at $43,000. Finally, Wilmington Savings Fund Society FSB bought a new stake in shares of Sun Life Financial during the 3rd quarter worth $51,000. 52.26% of the stock is currently owned by institutional investors.

Sun Life Financial Stock Performance

Shares of NYSE:SLF traded down $0.58 during mid-day trading on Wednesday, hitting $58.06. The stock had a trading volume of 30,671 shares, compared to its average volume of 296,409. The company’s 50 day moving average is $59.81 and its 200-day moving average is $55.53. Sun Life Financial Inc. has a 12-month low of $46.41 and a 12-month high of $62.85. The company has a market cap of $33.40 billion, a PE ratio of 12.93, a P/E/G ratio of 1.55 and a beta of 1.03.

Sun Life Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Wednesday, November 27th were issued a $0.621 dividend. The ex-dividend date was Wednesday, November 27th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 4.28%. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.59. Sun Life Financial’s dividend payout ratio is presently 55.23%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Sun Life Financial from a “buy” rating to a “hold” rating in a research report on Tuesday, November 19th.

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.