Timbercreek Investment Management Inc. cut its holdings in shares of Sun Life Financial Inc (NYSE:SLF) (TSE:SLF) by 91.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,115 shares of the financial services provider’s stock after selling 109,619 shares during the quarter. Timbercreek Investment Management Inc.’s holdings in Sun Life Financial were worth $336,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Moody Aldrich Partners LLC bought a new position in Sun Life Financial in the second quarter valued at approximately $68,346,000. TRUE Private Wealth Advisors bought a new position in Sun Life Financial in the third quarter valued at approximately $114,000. Csenge Advisory Group bought a new position in Sun Life Financial in the third quarter valued at approximately $116,000. Quantbot Technologies LP bought a new position in Sun Life Financial in the third quarter valued at approximately $167,000. Finally, People s United Financial Inc. bought a new position in Sun Life Financial in the third quarter valued at approximately $209,000. 40.98% of the stock is currently owned by institutional investors.

A number of brokerages recently issued reports on SLF. Zacks Investment Research reissued a “hold” rating on shares of Sun Life Financial in a research note on Thursday, November 15th. Desjardins reissued a “buy” rating on shares of Sun Life Financial in a research note on Tuesday, October 16th. CIBC reissued an “average” rating and issued a $53.00 price objective on shares of Sun Life Financial in a research note on Thursday, December 20th. Canaccord Genuity reissued an “average” rating and issued a $53.00 price objective on shares of Sun Life Financial in a research note on Friday, November 9th. Finally, Barclays reissued a “buy” rating on shares of Sun Life Financial in a research note on Friday, November 9th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $53.80.

Shares of NYSE SLF traded down $0.03 during midday trading on Friday, reaching $35.38. 28,894 shares of the company were exchanged, compared to its average volume of 508,717. The stock has a market cap of $21.15 billion, a PE ratio of 11.06 and a beta of 0.86. Sun Life Financial Inc has a one year low of $31.49 and a one year high of $44.50.

Sun Life Financial (NYSE:SLF) (TSE:SLF) last posted its earnings results on Wednesday, November 7th. The financial services provider reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. The firm had revenue of $4.59 billion for the quarter. Sun Life Financial had a net margin of 8.15% and a return on equity of 13.74%. As a group, analysts expect that Sun Life Financial Inc will post 3.69 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, December 31st. Shareholders of record on Wednesday, November 28th were paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date of this dividend was Tuesday, November 27th. This is a boost from Sun Life Financial’s previous quarterly dividend of $0.37. Sun Life Financial’s payout ratio is presently 47.50%.

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Sun Life Financial 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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