King Luther Capital Management Corp Sells 894 Shares of Sun Life Financial Inc. (NYSE:SLF)

King Luther Capital Management Corp trimmed its position in Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) by 13.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,990 shares of the financial services provider’s stock after selling 894 shares during the quarter. King Luther Capital Management Corp’s holdings in Sun Life Financial were worth $355,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Human Investing LLC acquired a new stake in shares of Sun Life Financial during the 4th quarter worth approximately $26,000. Assetmark Inc. boosted its stake in Sun Life Financial by 2,747.4% in the third quarter. Assetmark Inc. now owns 541 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 522 shares during the last quarter. Asset Planning Inc bought a new position in Sun Life Financial in the fourth quarter valued at approximately $40,000. BankPlus Trust Department acquired a new stake in Sun Life Financial during the 4th quarter worth $40,000. Finally, Dixon Mitchell Investment Counsel Inc. bought a new stake in shares of Sun Life Financial during the 4th quarter valued at $45,000. 52.26% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. National Bank Financial upgraded Sun Life Financial from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, January 15th. StockNews.com lowered Sun Life Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Finally, Cormark raised Sun Life Financial from a “hold” rating to a “moderate buy” rating in a research note on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy”.

Sun Life Financial Stock Down 0.7 %

Sun Life Financial stock opened at $54.36 on Friday. The company has a 50 day moving average of $57.06 and a 200-day moving average of $57.78. Sun Life Financial Inc. has a twelve month low of $46.41 and a twelve month high of $62.85. The stock has a market capitalization of $31.14 billion, a PE ratio of 14.16, a price-to-earnings-growth ratio of 1.52 and a beta of 1.04.

Sun Life Financial (NYSE:SLF) (TSE:SLF) last released its earnings results 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%. Equities analysts anticipate that Sun Life Financial Inc. will post 5.19 EPS for the current fiscal year.

Sun Life Financial Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Wednesday, February 26th will be given a $0.5876 dividend. This represents a $2.35 dividend on an annualized basis and a yield of 4.32%. The ex-dividend date is Wednesday, February 26th. Sun Life Financial’s dividend payout ratio (DPR) is currently 60.16%.

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.