K.J. Harrison & Partners Inc Has $256,000 Position in Sun Life Financial Inc. (NYSE:SLF)

K.J. Harrison & Partners Inc lessened its holdings in Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) by 31.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,339 shares of the financial services provider’s stock after selling 2,000 shares during the quarter. K.J. Harrison & Partners Inc’s holdings in Sun Life Financial were worth $256,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Human Investing LLC bought a new position in shares of Sun Life Financial during the fourth quarter valued at $26,000. Assetmark Inc. raised its position in Sun Life Financial by 2,747.4% during the 3rd quarter. Assetmark Inc. now owns 541 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 522 shares during the last quarter. Addison Advisors LLC lifted its holdings in Sun Life Financial by 124.9% during the 3rd quarter. Addison Advisors LLC now owns 650 shares of the financial services provider’s stock worth $38,000 after buying an additional 361 shares during the period. Asset Planning Inc bought a new stake in shares of Sun Life Financial in the 4th quarter valued at about $40,000. Finally, BankPlus Trust Department acquired a new stake in shares of Sun Life Financial in the fourth quarter valued at about $40,000. 52.26% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently commented on SLF. StockNews.com lowered Sun Life Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. National Bank Financial raised shares of Sun Life Financial from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, January 15th. Finally, Cormark raised shares of Sun Life Financial from a “hold” rating to a “moderate buy” rating in a research note on Thursday, February 13th. Two research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Sun Life Financial presently has a consensus rating of “Moderate Buy”.

Sun Life Financial Price Performance

NYSE SLF opened at $54.73 on Friday. The stock has a market capitalization of $31.35 billion, a P/E ratio of 14.25, a P/E/G ratio of 1.52 and a beta of 1.03. The business has a 50 day simple moving average of $57.89 and a 200 day simple moving average of $57.56. Sun Life Financial Inc. has a one year low of $46.41 and a one year high of $62.85.

Sun Life Financial (NYSE:SLF) (TSE:SLF) last announced 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%. Equities analysts expect that Sun Life Financial Inc. will post 5.19 earnings per share for the current year.

Sun Life Financial Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Wednesday, February 26th will be paid a $0.5876 dividend. This represents a $2.35 annualized dividend and a yield of 4.29%. The ex-dividend date is Wednesday, February 26th. Sun Life Financial’s dividend payout ratio (DPR) is currently 60.16%.

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.