Todd Asset Management LLC Purchases 37,194 Shares of Sun Life Financial Inc. (NYSE:SLF)

Todd Asset Management LLC raised its position in Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) by 6.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 635,702 shares of the financial services provider’s stock after purchasing an additional 37,194 shares during the period. Todd Asset Management LLC owned 0.10% of Sun Life Financial worth $37,723,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of SLF. The Manufacturers Life Insurance Company raised its position in shares of Sun Life Financial by 7.6% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 9,256,384 shares of the financial services provider’s stock valued at $537,288,000 after buying an additional 654,404 shares in the last quarter. CIBC Asset Management Inc raised its position in shares of Sun Life Financial by 10.8% during the 4th quarter. CIBC Asset Management Inc now owns 7,192,059 shares of the financial services provider’s stock valued at $427,712,000 after buying an additional 703,391 shares in the last quarter. National Bank of Canada FI raised its position in shares of Sun Life Financial by 28.2% during the 3rd quarter. National Bank of Canada FI now owns 5,837,298 shares of the financial services provider’s stock valued at $338,621,000 after buying an additional 1,284,556 shares in the last quarter. FMR LLC raised its position in shares of Sun Life Financial by 5.2% during the 3rd quarter. FMR LLC now owns 5,189,939 shares of the financial services provider’s stock valued at $301,047,000 after buying an additional 257,178 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Sun Life Financial by 1.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,841,712 shares of the financial services provider’s stock valued at $164,876,000 after buying an additional 34,072 shares in the last quarter. 52.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on SLF shares. 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. Cormark upgraded shares of Sun Life Financial from a “hold” rating to a “moderate buy” rating in a research report on Thursday, February 13th. Finally, StockNews.com cut shares of Sun Life Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Two analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Sun Life Financial presently has an average rating of “Moderate Buy”.

Sun Life Financial Trading Up 1.0 %

Shares of SLF opened at $55.15 on Tuesday. The firm’s 50-day moving average price is $58.13 and its 200-day moving average price is $57.55. The firm has a market capitalization of $31.59 billion, a price-to-earnings ratio of 14.36, a PEG ratio of 1.52 and a beta of 1.03. 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 quarterly earnings data on Wednesday, February 12th. The financial services provider reported $1.20 EPS for the quarter, topping the consensus estimate of $0.90 by $0.30. Sun Life Financial had a net margin of 8.08% and a return on equity of 16.86%. On average, research analysts forecast that Sun Life Financial Inc. will post 5.19 EPS for the current fiscal year.

Sun Life Financial Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Wednesday, February 26th will be issued a dividend of $0.5876 per share. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $2.35 dividend on an annualized basis and a yield of 4.26%. Sun Life Financial’s dividend payout ratio is currently 60.16%.

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.