JCIC Asset Management Inc. Has $6.43 Million Holdings in Sun Life Financial Inc. (NYSE:SLF)

JCIC Asset Management Inc. lifted its stake in shares of Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) by 1.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 108,325 shares of the financial services provider’s stock after buying an additional 1,979 shares during the period. Sun Life Financial comprises approximately 2.6% of JCIC Asset Management Inc.’s investment portfolio, making the stock its 11th biggest position. JCIC Asset Management Inc.’s holdings in Sun Life Financial were worth $6,428,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mackenzie Financial Corp lifted its stake in Sun Life Financial by 2.9% in the second quarter. Mackenzie Financial Corp now owns 14,703,533 shares of the financial services provider’s stock valued at $721,042,000 after buying an additional 407,913 shares during the period. 1832 Asset Management L.P. increased its position in Sun Life Financial by 5.1% in the second quarter. 1832 Asset Management L.P. now owns 10,216,206 shares of the financial services provider’s stock worth $500,492,000 after buying an additional 499,009 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Sun Life Financial by 7.6% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 9,256,384 shares of the financial services provider’s stock worth $537,288,000 after buying an additional 654,404 shares during the period. Toronto Dominion Bank increased its position in shares of Sun Life Financial by 5.0% during the second quarter. Toronto Dominion Bank now owns 6,975,205 shares of the financial services provider’s stock valued at $341,715,000 after buying an additional 332,641 shares during the period. Finally, CIBC Asset Management Inc raised its position in shares of Sun Life Financial by 1.3% in the third quarter. CIBC Asset Management Inc now owns 6,488,668 shares of the financial services provider’s stock worth $377,311,000 after buying an additional 81,261 shares in the last quarter. Institutional investors and hedge funds own 52.26% of the company’s stock.

Sun Life Financial Price Performance

Shares of Sun Life Financial stock traded down $0.09 during trading on Monday, hitting $57.20. 134,260 shares of the company’s stock traded hands, compared to its average volume of 383,160. Sun Life Financial Inc. has a 1 year low of $46.41 and a 1 year high of $62.85. The stock has a market capitalization of $32.91 billion, a P/E ratio of 12.74, a PEG ratio of 1.55 and a beta of 1.03. The business has a 50-day simple moving average of $59.94 and a 200-day simple moving average of $55.73.

Sun Life Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Wednesday, November 27th were paid a $0.621 dividend. This represents a $2.48 dividend on an annualized basis and a yield of 4.34%. The ex-dividend date of this dividend was Wednesday, November 27th. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.59. Sun Life Financial’s dividend payout ratio is presently 57.46%.

Analyst Ratings Changes

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

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.