Todd Asset Management LLC Sells 9,390 Shares of Sun Life Financial Inc. (NYSE:SLF)

Todd Asset Management LLC trimmed its holdings in shares of Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) by 2.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 439,756 shares of the financial services provider’s stock after selling 9,390 shares during the period. Todd Asset Management LLC owned about 0.08% of Sun Life Financial worth $22,806,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SLF. RIA Advisory Group LLC bought a new stake in shares of Sun Life Financial in the 4th quarter valued at about $39,000. Legacy Financial Group LLC bought a new stake in shares of Sun Life Financial in the 3rd quarter valued at about $40,000. Headinvest LLC bought a new stake in shares of Sun Life Financial in the 3rd quarter valued at about $39,000. Headlands Technologies LLC bought a new stake in shares of Sun Life Financial in the 4th quarter valued at about $43,000. Finally, HHM Wealth Advisors LLC bought a new stake in shares of Sun Life Financial in the 3rd quarter valued at about $62,000. 52.26% of the stock is currently owned by institutional investors.

Sun Life Financial Stock Up 0.8 %

Shares of Sun Life Financial stock traded up $0.42 during midday trading on Friday, hitting $52.48. The company had a trading volume of 387,697 shares, compared to its average volume of 574,018. The stock has a market cap of $30.57 billion, a price-to-earnings ratio of 13.53, a PEG ratio of 1.30 and a beta of 1.00. The company has a fifty day simple moving average of $53.17 and a 200 day simple moving average of $51.44. Sun Life Financial Inc. has a 12-month low of $44.57 and a 12-month high of $55.46.

Sun Life Financial (NYSE:SLF) (TSE:SLF) last announced its quarterly earnings data on Wednesday, February 7th. The financial services provider reported $1.23 EPS for the quarter, beating the consensus estimate of $1.17 by $0.06. The firm had revenue of $13.73 billion during the quarter. Sun Life Financial had a net margin of 7.79% and a return on equity of 17.30%. As a group, analysts expect that Sun Life Financial Inc. will post 5.03 EPS for the current year.

Sun Life Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Wednesday, February 28th were given a dividend of $0.581 per share. The ex-dividend date of this dividend was Tuesday, February 27th. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.56. This represents a $2.32 dividend on an annualized basis and a yield of 4.43%. Sun Life Financial’s dividend payout ratio (DPR) is currently 59.79%.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group began coverage on shares of Sun Life Financial in a report on Thursday, February 22nd. They issued a “buy” rating on the stock.

Sun Life Financial Company 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.