Wellington Management Group LLP Grows Position in Sun Life Financial Inc. (NYSE:SLF)

Wellington Management Group LLP grew its holdings in Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) by 2,071.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,350,751 shares of the financial services provider’s stock after purchasing an additional 1,288,545 shares during the period. Wellington Management Group LLP owned approximately 0.22% of Sun Life Financial worth $80,160,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Human Investing LLC bought a new stake in Sun Life Financial during the 4th quarter valued at $26,000. Asset Planning Inc bought a new stake in shares of Sun Life Financial during the 4th quarter valued at $40,000. BankPlus Trust Department purchased a new stake in Sun Life Financial during the 4th quarter worth about $40,000. Dixon Mitchell Investment Counsel Inc. bought a new position in Sun Life Financial in the 4th quarter worth about $45,000. Finally, Wilmington Savings Fund Society FSB purchased a new position in Sun Life Financial during the 3rd quarter valued at about $51,000. 52.26% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

SLF has been the subject of a number of analyst reports. National Bank Financial upgraded shares of Sun Life Financial from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, January 15th. StockNews.com downgraded shares of Sun Life Financial from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. Finally, Cormark raised shares of Sun Life Financial from a “hold” rating to a “moderate buy” rating in a report on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Sun Life Financial Price Performance

SLF stock opened at $54.53 on Friday. The firm has a 50 day simple moving average of $56.56 and a two-hundred day simple moving average of $58.00. The stock has a market cap of $31.13 billion, a PE ratio of 14.20, a P/E/G ratio of 1.52 and a beta of 1.04. Sun Life Financial Inc. has a one year low of $46.41 and a one year high of $62.85.

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

Sun Life Financial Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Wednesday, February 26th were paid a $0.5876 dividend. The ex-dividend date was Wednesday, February 26th. This represents a $2.35 dividend on an annualized basis and a dividend yield of 4.31%. Sun Life Financial’s dividend payout ratio (DPR) is 60.16%.

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.