Schechter Investment Advisors LLC Sells 566 Shares of Sun Life Financial Inc. (NYSE:SLF)

Schechter Investment Advisors LLC cut its holdings in shares of Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) by 12.3% in the 4th quarter, HoldingsChannel reports. The fund owned 4,054 shares of the financial services provider’s stock after selling 566 shares during the period. Schechter Investment Advisors LLC’s holdings in Sun Life Financial were worth $241,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in SLF. Jones Financial Companies Lllp boosted its holdings in Sun Life Financial by 43.3% during the fourth quarter. Jones Financial Companies Lllp now owns 7,313 shares of the financial services provider’s stock worth $434,000 after purchasing an additional 2,210 shares during the last quarter. Metis Global Partners LLC boosted its holdings in Sun Life Financial by 7.0% during the fourth quarter. Metis Global Partners LLC now owns 36,129 shares of the financial services provider’s stock worth $2,145,000 after purchasing an additional 2,373 shares during the last quarter. US Bancorp DE boosted its holdings in Sun Life Financial by 4.1% during the fourth quarter. US Bancorp DE now owns 16,129 shares of the financial services provider’s stock worth $957,000 after purchasing an additional 629 shares during the last quarter. Versor Investments LP purchased a new position in Sun Life Financial during the fourth quarter worth about $878,000. Finally, Mn Services Vermogensbeheer B.V. boosted its holdings in Sun Life Financial by 1.7% during the fourth quarter. Mn Services Vermogensbeheer B.V. now owns 227,745 shares of the financial services provider’s stock worth $13,516,000 after purchasing an additional 3,700 shares during the last quarter. 52.26% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on SLF shares. National Bank Financial upgraded shares of Sun Life Financial from a “sector perform” rating to an “outperform” rating in a report on Wednesday, January 15th. Cormark upgraded shares of Sun Life Financial from a “hold” rating to a “moderate buy” rating in a report on Thursday, February 13th. Finally, StockNews.com cut shares of Sun Life Financial from a “buy” rating to a “hold” rating in a report on Wednesday, February 5th. Two equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Sun Life Financial presently has a consensus rating of “Moderate Buy”.

Sun Life Financial Stock Down 1.3 %

SLF opened at $55.24 on Friday. The stock has a market cap of $31.65 billion, a price-to-earnings ratio of 14.39, a PEG ratio of 1.52 and a beta of 1.03. Sun Life Financial Inc. has a twelve month low of $46.41 and a twelve month high of $62.85. The company’s 50-day moving average price is $57.52 and its two-hundred day moving average price is $57.73.

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 for the quarter, beating analysts’ consensus estimates of $0.90 by $0.30. Sun Life Financial had a net margin of 8.08% and a return on equity of 16.86%. As a group, sell-side analysts anticipate that Sun Life Financial Inc. will post 5.19 earnings per share for the current year.

Sun Life Financial Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Wednesday, February 26th will be paid a $0.5876 dividend. This represents a $2.35 dividend on an annualized basis and a yield of 4.25%. The ex-dividend date is Wednesday, February 26th. Sun Life Financial’s payout ratio is 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.