Symphony Financial Ltd. Co. Cuts Position in Sun Life Financial Inc. (NYSE:SLF)

Symphony Financial Ltd. Co. decreased its holdings in shares of Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) by 4.3% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 64,978 shares of the financial services provider’s stock after selling 2,886 shares during the period. Symphony Financial Ltd. Co.’s holdings in Sun Life Financial were worth $3,832,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in SLF. Assetmark Inc. grew its stake in shares of Sun Life Financial by 2,747.4% in the 3rd quarter. Assetmark Inc. now owns 541 shares of the financial services provider’s stock worth $31,000 after buying an additional 522 shares during the last quarter. Addison Advisors LLC boosted its holdings in Sun Life Financial by 124.9% in the third quarter. Addison Advisors LLC now owns 650 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 361 shares in the last quarter. Clean Yield Group bought a new stake in Sun Life Financial in the third quarter worth $39,000. Dixon Mitchell Investment Counsel Inc. purchased a new stake in shares of Sun Life Financial in the fourth quarter worth $45,000. Finally, Wilmington Savings Fund Society FSB bought a new position in shares of Sun Life Financial during the third quarter valued at $51,000. 52.26% of the stock is currently owned by hedge funds and other institutional investors.

Sun Life Financial Trading Up 0.1 %

Sun Life Financial stock opened at $57.74 on Friday. Sun Life Financial Inc. has a 12 month low of $46.41 and a 12 month high of $62.85. The stock has a fifty day simple moving average of $59.54 and a two-hundred day simple moving average of $56.58. The firm has a market cap of $33.13 billion, a price-to-earnings ratio of 12.86, a PEG ratio of 1.60 and a beta of 1.03.

Sun Life Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Wednesday, November 27th were issued a $0.621 dividend. This represents a $2.48 annualized dividend and a yield of 4.30%. This is an increase from Sun Life Financial’s previous quarterly dividend of $0.59. The ex-dividend date was Wednesday, November 27th. Sun Life Financial’s dividend payout ratio (DPR) is presently 57.46%.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. National Bank Financial upgraded shares of Sun Life Financial from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, January 15th. StockNews.com raised shares of Sun Life Financial from a “hold” rating to a “buy” rating in a report on Monday, January 27th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Sun Life Financial currently has an average rating of “Buy”.

About Sun Life Financial

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.