Montrusco Bolton Investments Inc. Sells 1,082 Shares of Sun Life Financial Inc. (NYSE:SLF)

Montrusco Bolton Investments Inc. cut its stake in shares of Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) by 9.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,573 shares of the financial services provider’s stock after selling 1,082 shares during the period. Montrusco Bolton Investments Inc.’s holdings in Sun Life Financial were worth $627,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Union Bancaire Privee UBP SA bought a new stake in shares of Sun Life Financial in the fourth quarter worth about $95,000. Blue Trust Inc. lifted its holdings in shares of Sun Life Financial by 11.2% in the fourth quarter. Blue Trust Inc. now owns 8,516 shares of the financial services provider’s stock valued at $494,000 after purchasing an additional 855 shares in the last quarter. Grimes & Company Inc. acquired a new position in shares of Sun Life Financial during the fourth quarter worth about $204,000. Brighton Jones LLC bought a new position in shares of Sun Life Financial during the fourth quarter worth about $244,000. Finally, Cardinal Capital Management Inc. raised its position in Sun Life Financial by 29.1% in the 4th quarter. Cardinal Capital Management Inc. now owns 1,123,354 shares of the financial services provider’s stock valued at $66,550,000 after buying an additional 253,488 shares during the last quarter. Institutional investors own 52.26% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on SLF. StockNews.com raised shares of Sun Life Financial from a “hold” rating to a “buy” rating in a research note on Monday. 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. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy”.

Sun Life Financial Stock Down 0.6 %

SLF stock opened at $58.52 on Wednesday. Sun Life Financial Inc. has a twelve month low of $46.41 and a twelve month high of $62.85. The company has a market cap of $33.58 billion, a price-to-earnings ratio of 13.03, a P/E/G ratio of 1.58 and a beta of 1.03. The business has a 50 day moving average price of $59.73 and a two-hundred day moving average price of $56.50.

Sun Life Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Wednesday, November 27th were given a dividend of $0.621 per share. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.59. This represents a $2.48 annualized dividend and a yield of 4.24%. The ex-dividend date was Wednesday, November 27th. Sun Life Financial’s dividend payout ratio is 57.46%.

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.