Sun Life Financial (SLF) – Analysts’ Recent Ratings Changes

Sun Life Financial (TSE: SLF) has recently received a number of price target changes and ratings updates:

• 11/13/2024 – Sun Life Financial had its price target raised by analysts at CIBC from C$90.00 to C$96.00.
• 11/6/2024 – Sun Life Financial had its price target raised by analysts at Royal Bank of Canada from C$78.00 to C$82.00.
• 11/5/2024 – Sun Life Financial had its price target raised by analysts at Barclays PLC from C$76.00 to C$79.00.
• 11/5/2024 – Sun Life Financial had its price target raised by analysts at Cormark from C$82.00 to C$85.00.
• 11/5/2024 – Sun Life Financial had its price target raised by analysts at TD Securities from C$77.00 to C$81.00.
• 10/30/2024 – Sun Life Financial had its price target raised by analysts at CIBC from C$80.00 to C$90.00. They now have an “outperform” rating on the stock.
• 10/30/2024 – Sun Life Financial had its price target raised by analysts at Scotiabank from C$73.00 to C$85.00. They now have an “outperform” rating on the stock.
• 10/16/2024 – Sun Life Financial had its price target raised by analysts at Jefferies Financial Group Inc. from C$81.00 to C$89.00. They now have a “buy” rating on the stock.

Sun Life Financial Trading Up 1.7 %

Shares of TSE SLF traded up C$1.40 during midday trading on Thursday, hitting C$85.83. The stock had a trading volume of 303,471 shares, compared to its average volume of 2,009,689. The company’s 50-day simple moving average is C$78.09 and its 200 day simple moving average is C$72.11. The firm has a market cap of C$49.48 billion, a P/E ratio of 16.26, a price-to-earnings-growth ratio of 1.33 and a beta of 0.94. Sun Life Financial Inc. has a fifty-two week low of C$64.38 and a fifty-two week high of C$85.84. The company has a debt-to-equity ratio of 53.77, a current ratio of 65.29 and a quick ratio of 84,866.00.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last announced its quarterly earnings data on Monday, August 12th. The financial services provider reported C$1.71 EPS for the quarter, topping analysts’ consensus estimates of C$1.58 by C$0.13. The business had revenue of C$8.92 billion during the quarter, compared to analysts’ expectations of C$9.18 billion. Sun Life Financial had a return on equity of 13.65% and a net margin of 9.90%. Research analysts anticipate that Sun Life Financial Inc. will post 6.9230769 EPS for the current year.

Sun Life Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Wednesday, November 27th will be issued a dividend of $0.84 per share. The ex-dividend date is Wednesday, November 27th. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.81. This represents a $3.36 annualized dividend and a yield of 3.91%. Sun Life Financial’s payout ratio is currently 61.36%.

Insiders Place Their Bets

In other news, Senior Officer Linda Dougherty sold 2,000 shares of the business’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of C$75.30, for a total value of C$150,590.00. In other news, Senior Officer Daniel Fishbein sold 15,999 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of C$71.40, for a total value of C$1,142,323.80. Also, Senior Officer Linda Dougherty sold 2,000 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of C$75.30, for a total value of C$150,590.00. Corporate insiders own 0.03% of the company’s stock.

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.