Zurcher Kantonalbank Zurich Cantonalbank Has $23.85 Million Stock Holdings in Sun Life Financial Inc. (NYSE:SLF)

Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) by 29.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 401,851 shares of the financial services provider’s stock after purchasing an additional 90,305 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.06% of Sun Life Financial worth $23,848,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Human Investing LLC bought a new stake in Sun Life Financial during the 4th quarter worth approximately $26,000. Assetmark Inc. lifted its holdings in shares of Sun Life Financial by 2,747.4% during the third quarter. Assetmark Inc. now owns 541 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 522 shares during the period. Addison Advisors LLC grew its stake in shares of 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 purchasing an additional 361 shares during the last quarter. Asset Planning Inc bought a new stake in shares of Sun Life Financial in the fourth quarter worth $40,000. Finally, BankPlus Trust Department acquired a new stake in Sun Life Financial in the fourth quarter valued at $40,000. Institutional investors own 52.26% of the company’s stock.

Sun Life Financial Trading Down 0.5 %

Shares of SLF opened at $54.08 on Wednesday. The firm’s fifty day simple moving average is $57.24 and its two-hundred day simple moving average is $57.83. Sun Life Financial Inc. has a 12 month low of $46.41 and a 12 month high of $62.85. The stock has a market capitalization of $30.98 billion, a P/E ratio of 14.08, a price-to-earnings-growth ratio of 1.52 and a beta of 1.04.

Sun Life Financial (NYSE:SLF) (TSE:SLF) last announced its earnings results on Wednesday, February 12th. The financial services provider reported $1.20 EPS for the quarter, beating the consensus estimate of $0.90 by $0.30. Sun Life Financial had a return on equity of 16.86% and a net margin of 8.08%. As a group, research analysts predict that Sun Life Financial Inc. will post 5.19 EPS for the current fiscal year.

Sun Life Financial Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Wednesday, February 26th will be given a dividend of $0.5876 per share. This represents a $2.35 annualized dividend and a dividend yield of 4.35%. The ex-dividend date is Wednesday, February 26th. Sun Life Financial’s dividend payout ratio (DPR) is 60.16%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on SLF. National Bank Financial raised Sun Life Financial from a “sector perform” rating to an “outperform” rating in a report on Wednesday, January 15th. StockNews.com cut 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 research report on Thursday, February 13th. Two investment 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 stock. According to MarketBeat, the company presently has a consensus rating of “Moderate 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.