Sun Life Financial Inc. (NYSE:SLF) Shares Purchased by V Square Quantitative Management LLC

V Square Quantitative Management LLC increased its holdings in shares of Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) by 28.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,866 shares of the financial services provider’s stock after acquiring an additional 5,458 shares during the quarter. V Square Quantitative Management LLC’s holdings in Sun Life Financial were worth $1,476,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of SLF. Assetmark Inc. boosted its position in Sun Life Financial by 2,747.4% during the third quarter. Assetmark Inc. now owns 541 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 522 shares during the last quarter. Addison Advisors LLC boosted its position in 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 acquiring an additional 361 shares during the last quarter. Dixon Mitchell Investment Counsel Inc. acquired a new position in Sun Life Financial during the fourth quarter worth about $45,000. Wilmington Savings Fund Society FSB acquired a new position in Sun Life Financial during the third quarter worth about $51,000. Finally, Louisbourg Investments Inc. boosted its position in Sun Life Financial by 49.9% during the fourth quarter. Louisbourg Investments Inc. now owns 1,252 shares of the financial services provider’s stock worth $74,000 after acquiring an additional 417 shares during the last quarter. 52.26% of the stock is currently owned by institutional investors and hedge funds.

Sun Life Financial Price Performance

NYSE:SLF opened at $55.30 on Friday. The firm has a market capitalization of $34.73 billion, a price-to-earnings ratio of 12.32, a PEG ratio of 1.61 and a beta of 1.03. The company’s 50-day moving average is $59.06 and its two-hundred day moving average is $57.10. Sun Life Financial Inc. has a 1-year low of $46.41 and a 1-year high of $62.85.

Sun Life Financial (NYSE:SLF) (TSE:SLF) last posted its earnings results on Wednesday, February 12th. The financial services provider reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.30. Sun Life Financial had a net margin of 7.32% and a return on equity of 17.44%. As a group, equities analysts anticipate that Sun Life Financial Inc. will post 4.76 earnings per share for the current fiscal year.

Sun Life Financial Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Wednesday, February 26th will be issued a $0.5876 dividend. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $2.35 annualized dividend and a dividend yield of 4.25%. Sun Life Financial’s dividend payout ratio is currently 57.46%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. National Bank Financial upgraded shares of Sun Life Financial from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, January 15th. StockNews.com lowered shares of Sun Life Financial from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Sun Life Financial currently has a consensus rating of “Moderate Buy”.

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.