Sun Life Financial Inc. $SLF Stock Holdings Decreased by Todd Asset Management LLC

by · The Cerbat Gem

Todd Asset Management LLC cut its holdings in Sun Life Financial Inc. (NYSE:SLF – Free Report) (TSE:SLF) by 2.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 656,126 shares of the financial services provider’s stock after selling 15,394 shares during the period. Todd Asset Management LLC owned about 0.12% of Sun Life Financial worth $40,943,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of Sun Life Financial by 2.1% in the 4th quarter. Vanguard Group Inc. now owns 25,884,084 shares of the financial services provider’s stock valued at $1,615,788,000 after buying an additional 534,772 shares during the period. Legal & General Group Plc boosted its holdings in shares of Sun Life Financial by 10.6% in the 3rd quarter. Legal & General Group Plc now owns 3,859,614 shares of the financial services provider’s stock valued at $231,816,000 after buying an additional 371,139 shares during the period. Scotia Capital Inc. boosted its holdings in shares of Sun Life Financial by 6.3% in the 3rd quarter. Scotia Capital Inc. now owns 3,303,733 shares of the financial services provider’s stock valued at $197,709,000 after buying an additional 196,675 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Sun Life Financial by 9.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,733,974 shares of the financial services provider’s stock valued at $164,120,000 after buying an additional 243,323 shares during the period. Finally, TD Waterhouse Canada Inc. boosted its holdings in shares of Sun Life Financial by 10.9% in the 4th quarter. TD Waterhouse Canada Inc. now owns 2,187,623 shares of the financial services provider’s stock valued at $136,438,000 after buying an additional 215,811 shares during the period. 52.26% of the stock is owned by institutional investors and hedge funds.

Sun Life Financial Trading Up 0.0%

SLF stock opened at $73.10 on Monday. Sun Life Financial Inc. has a 52 week low of $56.22 and a 52 week high of $74.16. The company has a market capitalization of $44.32 billion, a price-to-earnings ratio of 18.84 and a beta of 0.91. The firm’s 50-day moving average is $67.54 and its two-hundred day moving average is $64.15.

Sun Life Financial (NYSE:SLF – Get Free Report) (TSE:SLF) last released its earnings results on Wednesday, May 6th. The financial services provider reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $1.35 by $0.03. Sun Life Financial had a net margin of 7.85% and a return on equity of 17.80%. The business had revenue of $6.41 billion for the quarter, compared to the consensus estimate of $925.99 million. During the same period in the previous year, the firm earned $1.82 EPS. On average, equities research analysts predict that Sun Life Financial Inc. will post 5.74 earnings per share for the current year.

Sun Life Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Wednesday, May 27th will be issued a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date is Wednesday, May 27th. This is an increase from Sun Life Financial’s previous quarterly dividend of $0.92. Sun Life Financial’s payout ratio is presently 69.59%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on SLF. Wall Street Zen lowered shares of Sun Life Financial from a “hold” rating to a “sell” rating in a report on Saturday. Scotiabank reissued a “sector perform” rating on shares of Sun Life Financial in a research note on Wednesday, April 29th. Royal Bank Of Canada reissued a “sector perform” rating on shares of Sun Life Financial in a research note on Friday, February 13th. Canadian Imperial Bank of Commerce reissued a “neutral” rating on shares of Sun Life Financial in a research note on Friday, May 8th. Finally, TD Cowen reissued a “buy” rating on shares of Sun Life Financial in a research note on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $86.50.

Read Our Latest Research Report on SLF

Sun Life Financial Profile

(Free Report)

Sun Life Financial Inc, founded in 1865 and headquartered in Toronto, Ontario, is an international financial services organization that provides a range of insurance, wealth management and asset management solutions. The company serves individual and institutional clients, offering products designed to protect against life and health risks, help clients save for retirement, and manage investments on behalf of customers and third parties.

Core business activities include life and health insurance, group benefits for employers, retirement and pension products, and wealth management services such as mutual funds and segregated fund solutions.

Featured Articles