Mn Services Vermogensbeheer B.V. Has $13.52 Million Holdings in Sun Life Financial Inc. (NYSE:SLF)

Mn Services Vermogensbeheer B.V. raised its stake in Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) by 1.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 227,745 shares of the financial services provider’s stock after buying an additional 3,700 shares during the quarter. Mn Services Vermogensbeheer B.V.’s holdings in Sun Life Financial were worth $13,516,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in SLF. National Bank of Canada FI increased its stake in shares of Sun Life Financial by 28.2% in 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 acquiring an additional 1,284,556 shares during the last quarter. CIBC Asset Management Inc boosted its stake in 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 worth $427,712,000 after acquiring an additional 703,391 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in Sun Life Financial by 7.6% during the third 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 purchasing an additional 654,404 shares during the period. FMR LLC increased its stake in Sun Life Financial by 5.2% in the third quarter. FMR LLC now owns 5,189,939 shares of the financial services provider’s stock valued at $301,047,000 after purchasing an additional 257,178 shares in the last quarter. Finally, Cardinal Capital Management Inc. raised its holdings in Sun Life Financial by 29.1% in the fourth quarter. Cardinal Capital Management Inc. now owns 1,123,354 shares of the financial services provider’s stock worth $66,550,000 after purchasing an additional 253,488 shares during the period. Institutional investors own 52.26% of the company’s stock.

Sun Life Financial Stock Up 0.3 %

Shares of NYSE:SLF opened at $54.73 on Friday. The firm has a market cap of $31.35 billion, a price-to-earnings ratio of 14.25, a PEG ratio of 1.52 and a beta of 1.03. Sun Life Financial Inc. has a 12 month low of $46.41 and a 12 month high of $62.85. The company’s fifty day simple moving average is $57.89 and its 200 day simple moving average is $57.56.

Sun Life Financial (NYSE:SLF) (TSE:SLF) last released its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.30. Sun Life Financial had a return on equity of 16.86% and a net margin of 8.08%. Research analysts expect that Sun Life Financial Inc. will post 5.19 earnings per share for the current fiscal year.

Sun Life Financial Cuts Dividend

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

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SLF. StockNews.com lowered shares of Sun Life Financial from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. National Bank Financial raised Sun Life Financial from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, January 15th. Finally, Cormark raised Sun Life Financial from a “hold” rating to a “moderate buy” rating in a research report on Thursday, February 13th. Two research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy”.

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.