Cormark Forecasts Stronger Earnings for Sun Life Financial

Sun Life Financial Inc. (TSE:SLF) (NYSE:SLF) – Cormark lifted their FY2026 earnings estimates for Sun Life Financial in a research report issued to clients and investors on Wednesday, April 30th. Cormark analyst L. Persaud now expects that the financial services provider will earn $7.87 per share for the year, up from their previous forecast of $7.86. Cormark has a “Moderate Buy” rating on the stock. The consensus estimate for Sun Life Financial’s current full-year earnings is $6.92 per share.

Other equities research analysts have also issued research reports about the stock. CIBC dropped their price target on shares of Sun Life Financial from C$94.00 to C$89.00 and set an “outperform” rating on the stock in a research note on Thursday. Scotiabank cut their target price on Sun Life Financial from C$94.00 to C$90.00 and set an “outperform” rating on the stock in a research note on Thursday. National Bankshares decreased their price target on Sun Life Financial from C$95.00 to C$93.00 and set an “outperform” rating for the company in a research note on Thursday, February 13th. Jefferies Financial Group cut their price objective on shares of Sun Life Financial from C$96.00 to C$90.00 in a research note on Monday, April 21st. Finally, Royal Bank of Canada set a C$82.00 target price on shares of Sun Life Financial and gave the company an “outperform” rating in a research report on Tuesday, April 15th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Sun Life Financial has an average rating of “Moderate Buy” and a consensus target price of C$85.70.

Sun Life Financial Stock Up 1.3 %

SLF stock opened at C$82.95 on Friday. The stock has a market cap of C$47.38 billion, a PE ratio of 12.51, a price-to-earnings-growth ratio of 1.33 and a beta of 0.94. The firm’s 50-day simple moving average is C$79.87 and its 200 day simple moving average is C$82.00. Sun Life Financial has a fifty-two week low of C$64.38 and a fifty-two week high of C$88.54. The company has a quick ratio of 84,866.00, a current ratio of 92.19 and a debt-to-equity ratio of 26.00.

Sun Life Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 31st were issued a dividend of $0.84 per share. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $3.36 annualized dividend and a yield of 4.05%. Sun Life Financial’s dividend payout ratio (DPR) is presently 48.87%.

About Sun Life Financial

Sun Life Financial is one of Canada’s Big Three life insurance companies along with Great-West Lifeco and Manulife. Sun Life provides insurance, retirement, and wealth-management services to individual and corporate customers in Canada, the United States, and Asia. It also owns MFS Investment Management, a Boston-based asset-management firm.