Symphony Financial Ltd. Co. Sells 2,886 Shares of Sun Life Financial Inc. (NYSE:SLF)

Symphony Financial Ltd. Co. lessened its holdings in Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) by 4.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 64,978 shares of the financial services provider’s stock after selling 2,886 shares during the quarter. Symphony Financial Ltd. Co.’s holdings in Sun Life Financial were worth $3,832,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Assetmark Inc. increased its stake in shares of Sun Life Financial by 2,747.4% in the third quarter. Assetmark Inc. now owns 541 shares of the financial services provider’s stock worth $31,000 after buying an additional 522 shares during the period. Addison Advisors LLC grew its holdings in Sun Life Financial by 124.9% in the 3rd quarter. Addison Advisors LLC now owns 650 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 361 shares during the last quarter. Clean Yield Group purchased a new position in shares of Sun Life Financial in the third quarter valued at about $39,000. Dixon Mitchell Investment Counsel Inc. bought a new position in shares of Sun Life Financial during the fourth quarter valued at about $45,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Sun Life Financial during the third quarter worth about $51,000. 52.26% of the stock is owned by institutional investors.

Sun Life Financial Trading Up 0.1 %

NYSE:SLF opened at $57.74 on Friday. The company has a 50-day moving average price of $59.54 and a 200-day moving average price of $56.58. The stock has a market cap of $33.13 billion, a price-to-earnings ratio of 12.86, a P/E/G ratio of 1.60 and a beta of 1.03. Sun Life Financial Inc. has a 12 month low of $46.41 and a 12 month high of $62.85.

Sun Life Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Wednesday, November 27th were issued a $0.621 dividend. The ex-dividend date was Wednesday, November 27th. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.59. This represents a $2.48 annualized dividend and a yield of 4.30%. Sun Life Financial’s dividend payout ratio (DPR) is 57.46%.

Analyst Ratings Changes

A number of research analysts recently issued reports on SLF shares. StockNews.com upgraded Sun Life Financial from a “hold” rating to a “buy” rating in a report on Monday, January 27th. National Bank Financial upgraded Sun Life Financial from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, January 15th. One analyst has rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “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.