Sun Life Financial (NYSE:SLF – Get Free Report) (TSE:SLF) was upgraded by Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Sunday.
Several other analysts also recently weighed in on SLF. Evercore downgraded Sun Life Financial from an “outperform” rating to an “in-line” rating in a research note on Monday, July 13th. Argus set a $81.00 price target on Sun Life Financial in a report on Wednesday, June 10th. Canadian Imperial Bank of Commerce reaffirmed a “neutral” rating on shares of Sun Life Financial in a research report on Friday, May 8th. National Bank Financial raised Sun Life Financial from a “sector perform” rating to an “outperform” rating in a research report on Friday, April 24th. Finally, TD Cowen restated a “buy” rating on shares of Sun Life Financial in a research note on Thursday, May 7th. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $84.67.
View Our Latest Stock Analysis on Sun Life Financial
Sun Life Financial Price Performance
Sun Life Financial (NYSE:SLF – Get Free Report) (TSE:SLF) last issued its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $1.38 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.35 by $0.03. The company had revenue of $6.41 billion for the quarter, compared to the consensus estimate of $925.99 million. Sun Life Financial had a return on equity of 17.80% and a net margin of 7.85%.During the same period last year, the business posted $1.82 earnings per share. As a group, sell-side analysts expect that Sun Life Financial will post 5.69 earnings per share for the current year.
Institutional Trading of Sun Life Financial
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Louisbourg Investments Inc. raised its stake in shares of Sun Life Financial by 3.0% during the first quarter. Louisbourg Investments Inc. now owns 5,105 shares of the financial services provider’s stock worth $319,000 after buying an additional 150 shares during the last quarter. Cornerstone Planning Group LLC grew its stake in Sun Life Financial by 68.4% in the fourth quarter. Cornerstone Planning Group LLC now owns 411 shares of the financial services provider’s stock valued at $26,000 after acquiring an additional 167 shares during the period. Candriam S.C.A. increased its stake in Sun Life Financial by 1.8% during the 1st quarter. Candriam S.C.A. now owns 9,794 shares of the financial services provider’s stock worth $612,000 after purchasing an additional 177 shares in the last quarter. HB Wealth Management LLC raised its holdings in shares of Sun Life Financial by 4.7% during the first quarter. HB Wealth Management LLC now owns 4,158 shares of the financial services provider’s stock worth $260,000 after acquiring an additional 187 shares during the period. Finally, Sei Investments Co. raised its stake in shares of Sun Life Financial by 3.5% in the 1st quarter. Sei Investments Co. now owns 5,788 shares of the financial services provider’s stock valued at $362,000 after purchasing an additional 196 shares during the period. 52.26% of the stock is owned by institutional investors.
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.
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