Cigna Investments Inc. New Has $615,000 Stock Holdings in Sun Life Financial Inc. (NYSE:SLF)

Cigna Investments Inc. New trimmed its stake in shares of Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) by 1.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 10,603 shares of the financial services provider’s stock after selling 202 shares during the quarter. Cigna Investments Inc. New’s holdings in Sun Life Financial were worth $615,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of SLF. Assenagon Asset Management S.A. boosted its stake in Sun Life Financial by 0.3% in the third 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. Verdence Capital Advisors LLC lifted its position in Sun Life Financial by 1.8% during the 2nd quarter. Verdence Capital Advisors LLC now owns 12,160 shares of the financial services provider’s stock worth $596,000 after buying an additional 219 shares in the last quarter. Sequoia Financial Advisors LLC grew its holdings in Sun Life Financial by 2.2% during the 1st quarter. Sequoia Financial Advisors LLC now owns 10,302 shares of the financial services provider’s stock worth $562,000 after acquiring an additional 221 shares during the last quarter. Burney Co. grew its holdings in Sun Life Financial by 0.3% during the 1st quarter. Burney Co. now owns 89,252 shares of the financial services provider’s stock worth $4,871,000 after acquiring an additional 238 shares during the last quarter. Finally, PDS Planning Inc increased its position in Sun Life Financial by 6.2% in the 1st quarter. PDS Planning Inc now owns 5,245 shares of the financial services provider’s stock valued at $286,000 after acquiring an additional 308 shares in the last quarter. 52.26% of the stock is currently owned by institutional investors.

Sun Life Financial Stock Up 0.4 %

SLF stock opened at $55.62 on Friday. Sun Life Financial Inc. has a twelve month low of $46.41 and a twelve month high of $58.51. The company has a market cap of $35.04 billion, a P/E ratio of 14.33, a PEG ratio of 1.46 and a beta of 1.00. The business has a fifty day moving average of $56.44 and a 200-day moving average of $52.33.

Sun Life Financial (NYSE:SLF) (TSE:SLF) last announced its quarterly earnings data on Monday, August 12th. The financial services provider reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.18 by $0.07. Sun Life Financial had a return on equity of 17.47% and a net margin of 8.60%. The firm had revenue of $6.52 billion during the quarter, compared to analyst estimates of $6.72 billion. As a group, equities research analysts anticipate that Sun Life Financial Inc. will post 4.86 earnings per share for the current fiscal year.

Sun Life Financial Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Wednesday, August 28th were issued a $0.587 dividend. The ex-dividend date of this dividend was Wednesday, August 28th. This represents a $2.35 annualized dividend and a yield of 4.22%. Sun Life Financial’s dividend payout ratio is currently 60.57%.

Analyst Upgrades and Downgrades

Separately, Barclays started coverage on shares of Sun Life Financial in a research note on Thursday, September 5th. They set an “equal weight” rating on the stock.

Sun Life Financial Company 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.