Rempart Asset Management Inc. Has $316,000 Stock Position in Sun Life Financial Inc. (NYSE:SLF)

Rempart Asset Management Inc. lessened its holdings in shares of Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) by 26.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 5,335 shares of the financial services provider’s stock after selling 1,907 shares during the period. Rempart Asset Management Inc.’s holdings in Sun Life Financial were worth $316,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of SLF. Assenagon Asset Management S.A. grew its holdings in shares of Sun Life Financial by 0.3% during the 3rd quarter. Assenagon Asset Management S.A. now owns 62,589 shares of the financial services provider’s stock worth $3,635,000 after purchasing an additional 200 shares in the last quarter. State Street Corp boosted its stake in Sun Life Financial by 0.8% during the third quarter. State Street Corp now owns 39,478 shares of the financial services provider’s stock worth $2,291,000 after buying an additional 330 shares in the last quarter. Addison Advisors LLC increased its holdings in Sun Life Financial by 124.9% in the 3rd quarter. Addison Advisors LLC now owns 650 shares of the financial services provider’s stock valued at $38,000 after buying an additional 361 shares during the period. Northwestern Mutual Wealth Management Co. raised its stake in shares of Sun Life Financial by 1.3% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 33,507 shares of the financial services provider’s stock valued at $1,642,000 after buying an additional 426 shares in the last quarter. Finally, Evergreen Capital Management LLC boosted its position in shares of Sun Life Financial by 9.5% during the 2nd quarter. Evergreen Capital Management LLC now owns 5,373 shares of the financial services provider’s stock valued at $263,000 after acquiring an additional 466 shares in the last quarter. 52.26% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Sun Life Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, November 19th.

Sun Life Financial Stock Performance

SLF traded down $0.58 during trading on Wednesday, reaching $58.06. 30,671 shares of the company’s stock were exchanged, compared to its average volume of 296,409. Sun Life Financial Inc. has a fifty-two week low of $46.41 and a fifty-two week high of $62.85. The firm has a market capitalization of $33.40 billion, a PE ratio of 12.93, a P/E/G ratio of 1.55 and a beta of 1.03. The company’s fifty day moving average price is $59.81 and its 200-day moving average price is $55.53.

Sun Life Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Wednesday, November 27th were paid a $0.621 dividend. The ex-dividend date was Wednesday, November 27th. This is a boost from Sun Life Financial’s previous quarterly dividend of $0.59. This represents a $2.48 dividend on an annualized basis and a dividend yield of 4.28%. Sun Life Financial’s dividend payout ratio is 55.23%.

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.