Achmea Investment Management B.V. Purchases 13,776 Shares of Sun Life Financial Inc. (NYSE:SLF)

Achmea Investment Management B.V. boosted its position in Sun Life Financial Inc. (NYSE:SLFFree Report) (TSE:SLF) by 11.2% during the third quarter, Holdings reports. The fund owned 137,170 shares of the financial services provider’s stock after acquiring an additional 13,776 shares during the period. Achmea Investment Management B.V.’s holdings in Sun Life Financial were worth $6,724,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new position in Sun Life Financial during the fourth quarter valued at $290,398,000. MUFG Securities EMEA plc purchased a new stake in Sun Life Financial in the 2nd quarter worth approximately $369,590,000. Man Group plc boosted its stake in shares of Sun Life Financial by 84.8% in the fourth quarter. Man Group plc now owns 3,141,398 shares of the financial services provider’s stock worth $145,716,000 after acquiring an additional 1,441,387 shares during the period. Bank of Nova Scotia grew its position in shares of Sun Life Financial by 16.6% during the second quarter. Bank of Nova Scotia now owns 9,898,881 shares of the financial services provider’s stock valued at $517,295,000 after purchasing an additional 1,406,171 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in Sun Life Financial by 191.3% during the second quarter. Goldman Sachs Group Inc. now owns 1,701,432 shares of the financial services provider’s stock valued at $88,679,000 after purchasing an additional 1,117,355 shares during the last quarter. Hedge funds and other institutional investors own 44.96% of the company’s stock.

Analyst Ratings Changes

Separately, began coverage on shares of Sun Life Financial in a report on Thursday, October 5th. They issued a “hold” rating for the company.

Get Our Latest Stock Report on Sun Life Financial

Sun Life Financial Stock Up 0.2 %

SLF stock traded up $0.11 during trading on Friday, hitting $51.40. The company had a trading volume of 493,946 shares, compared to its average volume of 490,764. The firm has a market capitalization of $30.05 billion, a P/E ratio of 12.42, a PEG ratio of 1.28 and a beta of 1.01. Sun Life Financial Inc. has a 52-week low of $43.53 and a 52-week high of $53.21. The company has a 50 day simple moving average of $51.08 and a 200-day simple moving average of $49.81.

Sun Life Financial (NYSE:SLFGet Free Report) (TSE:SLF) last posted its quarterly earnings results on Monday, November 13th. The financial services provider reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.04. The firm had revenue of $1.82 billion during the quarter. Sun Life Financial had a net margin of 9.81% and a return on equity of 16.20%. Sell-side analysts forecast that Sun Life Financial Inc. will post 4.58 earnings per share for the current year.

Sun Life Financial Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Wednesday, November 29th were issued a dividend of $0.5637 per share. This represents a $2.25 annualized dividend and a yield of 4.39%. The ex-dividend date was Tuesday, November 28th. Sun Life Financial’s payout ratio is 54.48%.

About Sun Life Financial

(Free Report)

Sun Life Financial Inc, a financial services company, provides savings, retirement, and pension products worldwide. It offers term and permanent life, as well as personal health, dental, critical illness, long-term care, and disability insurance products. The company provides financial advice, asset management, and investments related products.

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Institutional Ownership by Quarter for Sun Life Financial (NYSE:SLF)

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