Shares of Sun Life Financial Inc. (NYSE:SLF – Get Free Report) (TSE:SLF) have received an average recommendation of “Moderate Buy” from the twelve brokerages that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $84.6667.
Several analysts have recently issued reports on SLF shares. Argus set a $81.00 price target on shares of Sun Life Financial in a research report on Wednesday, June 10th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Sun Life Financial in a report on Friday, May 8th. BMO Capital Markets reiterated an “outperform” rating on shares of Sun Life Financial in a research note on Friday, May 8th. TD Cowen reissued a “buy” rating on shares of Sun Life Financial in a report on Thursday, May 7th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Sun Life Financial in a report on Monday.
Read Our Latest Research Report on SLF
Institutional Inflows and Outflows
Sun Life Financial Price Performance
Shares of NYSE SLF opened at $80.28 on Friday. The stock has a market capitalization of $44.79 billion, a PE ratio of 20.69 and a beta of 0.88. Sun Life Financial has a one year low of $56.22 and a one year high of $80.39. The business’s fifty day moving average price is $74.78 and its 200-day moving average price is $68.19.
Sun Life Financial (NYSE:SLF – Get Free Report) (TSE:SLF) last announced its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $1.38 earnings per share for the quarter, topping the consensus estimate of $1.35 by $0.03. Sun Life Financial had a return on equity of 17.80% and a net margin of 7.85%.The company had revenue of $6.41 billion during the quarter, compared to analyst estimates of $925.99 million. During the same quarter last year, the firm posted $1.82 EPS. As a group, equities analysts expect that Sun Life Financial will post 5.76 EPS for the current fiscal year.
Sun Life Financial Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Wednesday, May 27th were issued a dividend of $0.96 per share. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.92. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $3.84 dividend on an annualized basis and a yield of 4.8%. Sun Life Financial’s payout ratio is currently 72.94%.
Sun Life Financial Company Profile
Sun Life Financial Inc, founded in 1865 and headquartered in Toronto, Ontario, is an international financial services organization that provides a range of insurance, wealth management and asset management solutions. The company serves individual and institutional clients, offering products designed to protect against life and health risks, help clients save for retirement, and manage investments on behalf of customers and third parties.
Core business activities include life and health insurance, group benefits for employers, retirement and pension products, and wealth management services such as mutual funds and segregated fund solutions.
Featured Articles
- Five stocks we like better than Sun Life Financial
- PriceSmart Stock Eyes $220 as Chile Expansion Fuels Growth
- Dollar Tree’s Turnaround Is Starting to Take Root
- Why Levi’s Digital Strategy Is Paying Off in a Big Way
- Constellation Brands: Beer Growth and Buybacks Mask Stock’s Slump
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.
