Sun Life Financial Inc (NYSE:SLF) Shares Sold by Crossmark Global Holdings Inc.

Share on StockTwits

Crossmark Global Holdings Inc. cut its holdings in shares of Sun Life Financial Inc (NYSE:SLF) (TSE:SLF) by 11.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 59,239 shares of the financial services provider’s stock after selling 7,353 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Sun Life Financial were worth $2,654,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the business. Parallel Advisors LLC lifted its holdings in Sun Life Financial by 113.1% during the 2nd quarter. Parallel Advisors LLC now owns 827 shares of the financial services provider’s stock worth $34,000 after buying an additional 439 shares in the last quarter. Glen Harbor Capital Management LLC lifted its holdings in Sun Life Financial by 11.5% during the 2nd quarter. Glen Harbor Capital Management LLC now owns 4,336 shares of the financial services provider’s stock worth $172,000 after buying an additional 448 shares in the last quarter. OLD National Bancorp IN lifted its holdings in Sun Life Financial by 6.8% during the 2nd quarter. OLD National Bancorp IN now owns 7,260 shares of the financial services provider’s stock worth $301,000 after buying an additional 462 shares in the last quarter. Capital Advisors Ltd. LLC lifted its holdings in Sun Life Financial by 25.7% during the 2nd quarter. Capital Advisors Ltd. LLC now owns 2,393 shares of the financial services provider’s stock worth $110,000 after buying an additional 490 shares in the last quarter. Finally, Riverhead Capital Management LLC lifted its holdings in Sun Life Financial by 11.6% during the 2nd quarter. Riverhead Capital Management LLC now owns 4,800 shares of the financial services provider’s stock worth $191,000 after buying an additional 500 shares in the last quarter. Institutional investors own 40.04% of the company’s stock.

A number of equities research analysts have issued reports on SLF shares. Argus increased their target price on shares of Sun Life Financial from $42.00 to $45.00 and gave the stock a “buy” rating in a report on Monday, July 1st. Zacks Investment Research upgraded shares of Sun Life Financial from a “sell” rating to a “hold” rating and set a $45.00 target price on the stock in a report on Thursday, July 4th. BMO Capital Markets set a $60.00 target price on shares of Sun Life Financial and gave the stock a “buy” rating in a report on Tuesday. Evercore ISI reiterated an “outperform” rating on shares of Sun Life Financial in a report on Monday, July 22nd. Finally, Barclays increased their target price on shares of Sun Life Financial from $57.00 to $60.00 and gave the stock an “equal weight” rating in a report on Thursday. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $53.00.

Shares of SLF opened at $44.03 on Friday. Sun Life Financial Inc has a twelve month low of $31.49 and a twelve month high of $45.05. The firm’s fifty day simple moving average is $42.87 and its 200-day simple moving average is $41.01. The firm has a market capitalization of $26.16 billion, a price-to-earnings ratio of 11.74, a PEG ratio of 1.25 and a beta of 0.91.

Sun Life Financial (NYSE:SLF) (TSE:SLF) last announced its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $1.24 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.94 by $0.30. Sun Life Financial had a net margin of 6.83% and a return on equity of 13.37%. The business had revenue of $7.59 billion for the quarter, compared to analyst estimates of $6.93 billion. During the same period last year, the business earned $1.20 EPS. Equities research analysts expect that Sun Life Financial Inc will post 3.8 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Wednesday, August 28th were issued a $0.401 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.64%. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.38. The ex-dividend date was Tuesday, August 27th. Sun Life Financial’s dividend payout ratio (DPR) is presently 42.40%.

Sun Life Financial Company Profile

Sun Life Financial Inc, a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients worldwide. The company operates through five segments: Sun Life Financial Canada, Sun Life Financial United States, Sun Life Financial Asset Management, Sun Life Financial Asia, and Corporate.

Featured Story: Why do companies engage in swaps?

Want to see what other hedge funds are holding SLF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sun Life Financial Inc (NYSE:SLF) (TSE:SLF).

Institutional Ownership by Quarter for Sun Life Financial (NYSE:SLF)

Receive News & Ratings for Sun Life Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sun Life Financial and related companies with MarketBeat.com's FREE daily email newsletter.