Teachers Retirement System of The State of Kentucky Sells 6,100 Shares of Sun Life Financial Inc. (NYSE:SLF)

Teachers Retirement System of The State of Kentucky trimmed its position in shares of Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) by 2.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 216,560 shares of the financial services provider’s stock after selling 6,100 shares during the period. Teachers Retirement System of The State of Kentucky’s holdings in Sun Life Financial were worth $11,231,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Voisard Asset Management Group Inc. bought a new stake in Sun Life Financial during the fourth quarter valued at about $26,000. Northwest Financial Advisors bought a new stake in shares of Sun Life Financial in the fourth quarter valued at about $29,000. RIA Advisory Group LLC bought a new stake in shares of Sun Life Financial in the fourth quarter valued at about $39,000. Private Wealth Management Group LLC bought a new stake in shares of Sun Life Financial in the fourth quarter valued at about $41,000. Finally, Headinvest LLC bought a new stake in shares of Sun Life Financial in the third quarter valued at about $39,000. 52.26% of the stock is currently owned by institutional investors.

Sun Life Financial Stock Performance

Shares of NYSE SLF traded up $0.09 during mid-day trading on Friday, hitting $47.57. 1,327,824 shares of the stock were exchanged, compared to its average volume of 1,174,826. The company has a market cap of $27.64 billion, a P/E ratio of 12.17, a PEG ratio of 1.22 and a beta of 1.00. The stock’s fifty day simple moving average is $50.87 and its two-hundred day simple moving average is $51.93. Sun Life Financial Inc. has a twelve month low of $44.57 and a twelve month high of $55.46.

Sun Life Financial (NYSE:SLF) (TSE:SLF) last posted its quarterly earnings data on Thursday, May 9th. The financial services provider reported $1.11 earnings per share for the quarter, missing the consensus estimate of $1.20 by ($0.09). The firm had revenue of $5.10 billion for the quarter, compared to analyst estimates of $7.25 billion. Sun Life Financial had a return on equity of 16.97% and a net margin of 8.94%. As a group, equities research analysts predict that Sun Life Financial Inc. will post 4.88 earnings per share for the current fiscal year.

Sun Life Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Wednesday, May 29th will be issued a dividend of $0.588 per share. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.58. The ex-dividend date is Wednesday, May 29th. This represents a $2.35 annualized dividend and a dividend yield of 4.94%. Sun Life Financial’s dividend payout ratio (DPR) is presently 60.10%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on SLF shares. Jefferies Financial Group started coverage on shares of Sun Life Financial in a research note on Thursday, February 22nd. They issued a “buy” rating for the company. Argus upgraded shares of Sun Life Financial to a “strong-buy” rating in a research note on Monday, June 3rd.

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.