UBS Group AG trimmed its holdings in shares of Sun Life Financial Inc (NYSE:SLF) (TSE:SLF) by 1.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 348,592 shares of the financial services provider’s stock after selling 6,297 shares during the period. UBS Group AG owned approximately 0.06% of Sun Life Financial worth $14,334,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of SLF. Mackenzie Financial Corp increased its holdings in shares of Sun Life Financial by 274.3% during the fourth quarter. Mackenzie Financial Corp now owns 7,695,829 shares of the financial services provider’s stock valued at $317,530,000 after purchasing an additional 5,639,723 shares during the period. Franklin Resources Inc. increased its holdings in shares of Sun Life Financial by 871.6% during the first quarter. Franklin Resources Inc. now owns 2,152,040 shares of the financial services provider’s stock valued at $88,287,000 after purchasing an additional 1,930,551 shares during the period. Amundi Pioneer Asset Management Inc. increased its holdings in shares of Sun Life Financial by 85.7% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 1,719,037 shares of the financial services provider’s stock valued at $70,928,000 after purchasing an additional 793,087 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp increased its holdings in shares of Sun Life Financial by 19.8% during the fourth quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp now owns 3,660,200 shares of the financial services provider’s stock valued at $189,891,000 after purchasing an additional 604,900 shares during the period. Finally, Barometer Capital Management Inc. increased its holdings in shares of Sun Life Financial by 649.7% during the fourth quarter. Barometer Capital Management Inc. now owns 467,087 shares of the financial services provider’s stock valued at $19,272,000 after purchasing an additional 404,787 shares during the period. 42.35% of the stock is currently owned by institutional investors.

A number of research analysts have recently commented on SLF shares. Zacks Investment Research raised Sun Life Financial from a “sell” rating to a “hold” rating in a report on Friday, May 11th. Morgan Stanley lowered their price target on Sun Life Financial from $57.00 to $56.00 and set an “equal weight” rating on the stock in a report on Thursday, April 5th. ValuEngine raised Sun Life Financial from a “hold” rating to a “buy” rating in a report on Friday, April 27th. Finally, CIBC lowered Sun Life Financial from a “sector outperform” rating to a “neutral” rating in a report on Monday, May 28th. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $53.60.

Shares of Sun Life Financial opened at $40.91 on Friday, MarketBeat reports. Sun Life Financial Inc has a fifty-two week low of $33.60 and a fifty-two week high of $44.50. The stock has a market cap of $24.75 billion, a P/E ratio of 11.67, a PEG ratio of 1.61 and a beta of 0.90. The company has a quick ratio of 4.06, a current ratio of 4.06 and a debt-to-equity ratio of 0.21.

Sun Life Financial (NYSE:SLF) (TSE:SLF) last announced its earnings results on Tuesday, May 8th. The financial services provider reported $1.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.88 by $0.38. Sun Life Financial had a return on equity of 13.27% and a net margin of 8.30%. The business had revenue of $5.99 billion during the quarter. During the same period in the prior year, the business earned $0.93 EPS. The company’s quarterly revenue was down 14.5% compared to the same quarter last year. sell-side analysts predict that Sun Life Financial Inc will post 3.63 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Wednesday, May 30th will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Tuesday, May 29th. This represents a $1.48 annualized dividend and a yield of 3.62%. This is a boost from Sun Life Financial’s previous quarterly dividend of $0.36. Sun Life Financial’s dividend payout ratio (DPR) is currently 46.25%.

Sun Life Financial Company Profile

Sun Life Financial Inc, a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients, high-net-worth individuals, and families. It operates through Sun Life Financial Canada, Sun Life Financial United States, Sun Life Financial Asset Management, Sun Life Financial Asia, and Corporate segments.

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Institutional Ownership by Quarter for Sun Life Financial (NYSE:SLF)

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