Sun Life Financial Inc. $SLF Shares Sold by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. trimmed its holdings in shares of Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) by 7.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 171,699 shares of the financial services provider’s stock after selling 14,748 shares during the period. Crossmark Global Holdings Inc.’s holdings in Sun Life Financial were worth $13,387,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of SLF. Guardian Partners Inc. increased its holdings in shares of Sun Life Financial by 0.7% in the 3rd quarter. Guardian Partners Inc. now owns 129,094 shares of the financial services provider’s stock valued at $10,085,000 after purchasing an additional 938 shares during the period. Diversify Advisory Services LLC lifted its position in shares of Sun Life Financial by 4.1% in the third quarter. Diversify Advisory Services LLC now owns 9,909 shares of the financial services provider’s stock worth $778,000 after purchasing an additional 388 shares in the last quarter. Investment Research Partners LLC lifted its position in shares of Sun Life Financial by 1.6% in the third quarter. Investment Research Partners LLC now owns 10,561 shares of the financial services provider’s stock worth $823,000 after purchasing an additional 171 shares in the last quarter. Gold Investment Management Ltd. lifted its position in shares of Sun Life Financial by 2.2% in the third quarter. Gold Investment Management Ltd. now owns 46,802 shares of the financial services provider’s stock worth $3,648,000 after purchasing an additional 1,005 shares in the last quarter. Finally, Cardinal Capital Management Inc. boosted its holdings in shares of Sun Life Financial by 0.6% during the third quarter. Cardinal Capital Management Inc. now owns 1,176,271 shares of the financial services provider’s stock worth $91,916,000 after purchasing an additional 7,497 shares during the period. 52.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

SLF has been the topic of a number of research analyst reports. Argus boosted their price objective on shares of Sun Life Financial from $81.00 to $88.00 and gave the company a “buy” rating in a research report on Thursday, September 3rd. UBS Group reissued a “neutral” rating on shares of Sun Life Financial in a research note on Wednesday, September 2nd. Scotiabank reiterated a “sector perform” rating on shares of Sun Life Financial in a research note on Monday, August 10th. Wall Street Zen upgraded Sun Life Financial from a “sell” rating to a “hold” rating in a report on Sunday, July 26th. Finally, TD Securities reiterated a “buy” rating on shares of Sun Life Financial in a report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $103.50.

Sun Life Financial Price Performance

Shares of SLF stock opened at $80.74 on Friday. The stock has a market cap of $44.84 billion, a P/E ratio of 14.41, a price-to-earnings-growth ratio of 2.00 and a beta of 0.89. Sun Life Financial Inc. has a one year low of $57.22 and a one year high of $84.38. The stock has a fifty day moving average price of $79.31 and a 200 day moving average price of $76.79.

Sun Life Financial (NYSE:SLF) (TSE:SLF) last released its quarterly earnings data on Thursday, August 6th. The financial services provider reported $1.46 earnings per share for the quarter, beating analysts’ consensus estimates of $1.39 by $0.07. The company had revenue of $10.10 billion for the quarter, compared to the consensus estimate of $994.33 million. Sun Life Financial had a return on equity of 17.96% and a net margin of 7.66%. Equities research analysts anticipate that Sun Life Financial Inc. will post 5.77 EPS for the current year.

Sun Life Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Wednesday, August 26th were paid a C$0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 4.8%. The ex-dividend date was Wednesday, August 26th. Sun Life Financial’s payout ratio is currently 64.02%.

About Sun Life Financial

Sun Life Financial Inc (NYSE: SLF) is a Canadian financial services company that provides insurance, wealth, and asset management solutions to individuals, businesses, and institutions. Its offerings include life, health, and dental insurance; retirement and savings products; investment solutions; and employee benefits.

Through its asset management businesses, Sun Life provides investment management and advisory services to institutional and retail clients. The company also offers workplace pension, group insurance, and employee wellness programs, helping employers support the financial security and health of their employees.

Founded in Montreal in 1865, Sun Life serves clients primarily in Canada, the United States, and several Asian markets, including Hong Kong, the Philippines, Indonesia, India, and Vietnam.