Sun Life Financial Inc. (NYSE:SLF) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. decreased its position in shares of Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) by 3.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,633 shares of the financial services provider’s stock after selling 700 shares during the quarter. Principal Financial Group Inc.’s holdings in Sun Life Financial were worth $1,024,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of SLF. Assenagon Asset Management S.A. lifted its position 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 valued at $3,635,000 after purchasing an additional 200 shares during the last quarter. State Street Corp increased its stake in shares of 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 valued at $2,291,000 after purchasing an additional 330 shares during the period. Addison Advisors LLC boosted its position in shares of Sun Life Financial by 124.9% during the third quarter. Addison Advisors LLC now owns 650 shares of the financial services provider’s stock worth $38,000 after buying an additional 361 shares during the period. Northwestern Mutual Wealth Management Co. boosted its position in shares of Sun Life Financial by 1.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 33,507 shares of the financial services provider’s stock worth $1,642,000 after buying an additional 426 shares during the period. Finally, Evergreen Capital Management LLC grew its holdings in 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 in the last quarter. Institutional investors own 52.26% of the company’s stock.

Sun Life Financial Trading Up 0.4 %

Shares of NYSE:SLF opened at $59.18 on Friday. The company has a 50 day moving average of $59.73 and a 200-day moving average of $55.29. The firm has a market cap of $34.05 billion, a P/E ratio of 13.18, a P/E/G ratio of 1.55 and a beta of 1.03. Sun Life Financial Inc. has a twelve month low of $46.41 and a twelve month high of $62.85.

Sun Life Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Wednesday, November 27th were paid a dividend of $0.621 per share. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.59. This represents a $2.48 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date was Wednesday, November 27th. Sun Life Financial’s dividend payout ratio (DPR) is presently 55.23%.

Analysts Set New Price Targets

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

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.