Fiera Capital Corp Cuts Stock Holdings in Sun Life Financial Inc (NYSE:SLF)

Fiera Capital Corp reduced its position in shares of Sun Life Financial Inc (NYSE:SLF) (TSE:SLF) by 8.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 88,921 shares of the financial services provider’s stock after selling 8,416 shares during the period. Fiera Capital Corp’s holdings in Sun Life Financial were worth $4,057,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of SLF. OLD National Bancorp IN boosted its holdings in shares of Sun Life Financial by 7.7% during the 3rd quarter. OLD National Bancorp IN now owns 7,819 shares of the financial services provider’s stock worth $350,000 after purchasing an additional 559 shares during the last quarter. AE Wealth Management LLC boosted its holdings in shares of Sun Life Financial by 11.5% during the 4th quarter. AE Wealth Management LLC now owns 6,178 shares of the financial services provider’s stock worth $282,000 after purchasing an additional 639 shares during the last quarter. Savior LLC acquired a new position in shares of Sun Life Financial during the 4th quarter worth approximately $31,000. Parallel Advisors LLC boosted its holdings in shares of Sun Life Financial by 86.8% during the 3rd quarter. Parallel Advisors LLC now owns 1,545 shares of the financial services provider’s stock worth $69,000 after purchasing an additional 718 shares during the last quarter. Finally, Pacifica Partners Inc. acquired a new position in shares of Sun Life Financial during the 4th quarter worth approximately $37,000. Institutional investors own 42.17% of the company’s stock.

SLF opened at $50.13 on Friday. Sun Life Financial Inc has a one year low of $35.49 and a one year high of $50.13. The stock has a market capitalization of $28.40 billion, a PE ratio of 16.02, a P/E/G ratio of 1.30 and a beta of 0.81. The business’s 50 day moving average price is $47.46 and its 200 day moving average price is $44.53.

Sun Life Financial (NYSE:SLF) (TSE:SLF) last released its quarterly earnings data on Wednesday, February 12th. The financial services provider reported $1.34 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.36. Sun Life Financial had a return on equity of 13.20% and a net margin of 6.43%. The firm had revenue of $8.53 billion for the quarter. During the same quarter in the prior year, the company posted $1.19 earnings per share. The company’s revenue was up 4.2% on a year-over-year basis. As a group, equities analysts predict that Sun Life Financial Inc will post 3.86 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Sunday, March 1st will be paid a dividend of $0.416 per share. This represents a $1.66 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date is Thursday, February 27th. Sun Life Financial’s dividend payout ratio (DPR) is 44.53%.

SLF has been the topic of several recent research reports. National Bank Financial cut Sun Life Financial from an “outperform” rating to a “sector perform” rating in a report on Thursday, November 7th. Royal Bank of Canada cut Sun Life Financial from an “outperform” rating to a “sector perform” rating and set a $67.00 price objective on the stock. in a report on Monday, December 2nd. Credit Suisse Group assumed coverage on Sun Life Financial in a report on Friday, February 7th. They issued an “outperform” rating and a $71.00 price objective on the stock. Barclays upped their price objective on Sun Life Financial from $60.00 to $65.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. Finally, Canaccord Genuity upped their price objective on Sun Life Financial from $56.00 to $58.00 in a report on Monday, October 28th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $59.18.

Sun Life Financial Profile

Sun Life Financial Inc, a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients worldwide. The company operates through five segments: Sun Life Financial Canada, Sun Life Financial United States, Sun Life Financial Asset Management, Sun Life Financial Asia, and Corporate.

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

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