Sun Life Financial Inc. (NYSE:SLF) Stock Position Reduced by AGF Management Ltd.

AGF Management Ltd. lessened its position in shares of Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) by 13.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,843,979 shares of the financial services provider’s stock after selling 290,077 shares during the period. AGF Management Ltd. owned about 0.29% of Sun Life Financial worth $109,422,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Human Investing LLC acquired a new stake in shares of Sun Life Financial during the 4th quarter worth approximately $26,000. Assetmark Inc. raised its position in shares of Sun Life Financial by 2,747.4% during 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 period. Addison Advisors LLC raised its position in shares of Sun Life Financial by 124.9% during the 3rd 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. Asset Planning Inc acquired a new stake in shares of Sun Life Financial during the 4th quarter worth approximately $40,000. Finally, BankPlus Trust Department acquired a new stake in shares of Sun Life Financial during the 4th quarter worth approximately $40,000. Institutional investors own 52.26% of the company’s stock.

Sun Life Financial Stock Down 2.3 %

SLF opened at $54.35 on Tuesday. The firm has a market cap of $31.13 billion, a PE ratio of 14.15, a P/E/G ratio of 1.52 and a beta of 1.04. The business has a fifty day simple moving average of $57.35 and a 200-day simple moving average of $57.83. Sun Life Financial Inc. has a fifty-two week low of $46.41 and a fifty-two week high of $62.85.

Sun Life Financial (NYSE:SLF) (TSE:SLF) last released its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $1.20 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.30. Sun Life Financial had a return on equity of 16.86% and a net margin of 8.08%. On average, equities research analysts anticipate that Sun Life Financial Inc. will post 5.19 EPS for the current fiscal year.

Sun Life Financial Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Wednesday, February 26th will be given a $0.5876 dividend. The ex-dividend date is Wednesday, February 26th. This represents a $2.35 annualized dividend and a dividend yield of 4.32%. Sun Life Financial’s dividend payout ratio (DPR) is presently 60.16%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on SLF. StockNews.com cut Sun Life Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. National Bank Financial upgraded Sun Life Financial from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, January 15th. Finally, Cormark upgraded Sun Life Financial from a “hold” rating to a “moderate buy” rating in a research report on Thursday, February 13th. Two research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

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.