Sun Life Financial Inc. (NYSE:SLF) Shares Sold by US Bancorp DE

US Bancorp DE trimmed its position in shares of Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) by 15.2% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,500 shares of the financial services provider’s stock after selling 2,777 shares during the period. US Bancorp DE’s holdings in Sun Life Financial were worth $899,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of SLF. Empirical Financial Services LLC d.b.a. Empirical Wealth Management acquired a new stake in shares of Sun Life Financial during the 1st quarter worth about $315,000. Russell Investments Group Ltd. lifted its stake in shares of Sun Life Financial by 3.4% in the first quarter. Russell Investments Group Ltd. now owns 660,009 shares of the financial services provider’s stock valued at $36,040,000 after purchasing an additional 21,773 shares during the period. TD Asset Management Inc boosted its position in Sun Life Financial by 2.8% during the first quarter. TD Asset Management Inc now owns 16,107,748 shares of the financial services provider’s stock worth $879,751,000 after purchasing an additional 442,197 shares in the last quarter. Blair William & Co. IL lifted its holdings in shares of Sun Life Financial by 3.0% in the first quarter. Blair William & Co. IL now owns 12,568 shares of the financial services provider’s stock valued at $686,000 after purchasing an additional 366 shares in the last quarter. Finally, Twin Tree Management LP boosted its stake in shares of Sun Life Financial by 249.8% during the first quarter. Twin Tree Management LP now owns 274,119 shares of the financial services provider’s stock valued at $14,961,000 after acquiring an additional 195,745 shares during the last quarter. 52.26% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on SLF shares. StockNews.com upgraded Sun Life Financial from a “hold” rating to a “buy” rating in a research note on Wednesday. Barclays initiated coverage on shares of Sun Life Financial in a research note on Thursday, September 5th. They set an “equal weight” rating on the stock.

Sun Life Financial Stock Down 0.6 %

Shares of Sun Life Financial stock opened at $59.23 on Friday. The business has a 50-day moving average price of $56.82 and a 200 day moving average price of $52.59. Sun Life Financial Inc. has a fifty-two week low of $46.41 and a fifty-two week high of $59.81. The firm has a market cap of $37.32 billion, a P/E ratio of 13.19, a P/E/G ratio of 1.51 and a beta of 1.01.

Sun Life Financial (NYSE:SLF) (TSE:SLF) last released its quarterly earnings data on Monday, August 12th. The financial services provider reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.18 by $0.07. Sun Life Financial had a net margin of 7.32% and a return on equity of 17.44%. The firm had revenue of $6.52 billion for the quarter, compared to analyst estimates of $6.72 billion. As a group, equities research analysts anticipate that Sun Life Financial Inc. will post 4.87 earnings per share for the current year.

Sun Life Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Wednesday, November 27th will be issued a $0.621 dividend. This is an increase from Sun Life Financial’s previous quarterly dividend of $0.59. The ex-dividend date is Wednesday, November 27th. This represents a $2.48 annualized dividend and a dividend yield of 4.19%. Sun Life Financial’s dividend payout ratio (DPR) is 55.23%.

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.