Fiera Capital Corp Has $48.57 Million Position in Sun Life Financial Inc. (NYSE:SLF)

Fiera Capital Corp decreased its position in Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) by 1.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 836,152 shares of the financial services provider’s stock after selling 14,486 shares during the quarter. Fiera Capital Corp’s holdings in Sun Life Financial were worth $48,565,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of SLF. Assenagon Asset Management S.A. grew its position in Sun Life Financial by 0.3% in the third quarter. Assenagon Asset Management S.A. now owns 62,589 shares of the financial services provider’s stock valued at $3,635,000 after acquiring an additional 200 shares during the period. Verdence Capital Advisors LLC grew its holdings in shares of Sun Life Financial by 1.8% during the second quarter. Verdence Capital Advisors LLC now owns 12,160 shares of the financial services provider’s stock worth $596,000 after purchasing an additional 219 shares during the last quarter. Burney Co. increased its stake in shares of Sun Life Financial by 0.3% in the first quarter. Burney Co. now owns 89,252 shares of the financial services provider’s stock valued at $4,871,000 after buying an additional 238 shares in the last quarter. Blair William & Co. IL raised its holdings in shares of Sun Life Financial by 3.0% in the first quarter. Blair William & Co. IL now owns 12,568 shares of the financial services provider’s stock valued at $686,000 after buying an additional 366 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its position in Sun Life Financial by 1.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 33,507 shares of the financial services provider’s stock worth $1,642,000 after buying an additional 426 shares in the last quarter. 52.26% of the stock is currently owned by institutional investors and hedge funds.

Sun Life Financial Trading Down 0.7 %

Shares of NYSE:SLF traded down $0.43 during trading on Friday, hitting $59.17. 61,576 shares of the company’s stock were exchanged, compared to its average volume of 657,871. The firm has a market cap of $37.28 billion, a P/E ratio of 13.28, a PEG ratio of 1.51 and a beta of 1.01. The firm has a 50-day moving average price of $56.62 and a two-hundred day moving average price of $52.48. Sun Life Financial Inc. has a 1-year low of $46.41 and a 1-year high of $59.81.

Sun Life Financial (NYSE:SLF) (TSE:SLF) last released its earnings results on Monday, August 12th. The financial services provider reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.07. The firm had revenue of $6.52 billion during the quarter, compared to analyst estimates of $6.72 billion. Sun Life Financial had a net margin of 7.32% and a return on equity of 17.44%. As a group, research analysts predict that Sun Life Financial Inc. will post 4.87 EPS for the current year.

Sun Life Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Wednesday, November 27th will be issued a $0.621 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date of this dividend is Wednesday, November 27th. This is an increase from Sun Life Financial’s previous quarterly dividend of $0.59. Sun Life Financial’s dividend payout ratio is currently 52.34%.

Analyst Ratings Changes

A number of brokerages recently weighed in on SLF. Barclays started coverage on shares of Sun Life Financial in a report on Thursday, September 5th. They issued an “equal weight” rating for the company. StockNews.com raised Sun Life Financial from a “hold” rating to a “buy” rating in a research note on Wednesday.

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.