TD Securities cut shares of Sun Life Financial (TSE:SLF – Free Report) (NYSE:SLF) from a strong-buy rating to a hold rating in a report published on Thursday,Zacks reports.
Other analysts have also issued reports about the company. Barclays boosted their target price on Sun Life Financial from C$96.00 to C$98.00 in a research note on Friday, August 7th. National Bank Financial downgraded Sun Life Financial from an “outperform” rating to a “sector perform” rating and cut their price target for the stock from C$124.00 to C$120.00 in a research note on Thursday. Jefferies Financial Group increased their price target on Sun Life Financial from C$131.00 to C$141.00 in a research note on Monday, August 10th. Evercore downgraded shares of Sun Life Financial from an “outperform” rating to a “hold” rating and set a C$111.00 target price for the company. in a research note on Monday, July 13th. Finally, Scotia raised their price objective on shares of Sun Life Financial from C$110.00 to C$118.00 and gave the stock a “sector perform” rating in a report on Monday, August 10th. Five equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of C$116.50.
View Our Latest Analysis on Sun Life Financial
Sun Life Financial Trading Down 10.2%
TSE:SLF opened at C$102.83 on Thursday. Sun Life Financial has a 12 month low of C$79.99 and a 12 month high of C$118.99. The company has a current ratio of 27.38, a quick ratio of 84,866.00 and a debt-to-equity ratio of 34.34. The firm’s 50 day moving average is C$111.37 and its 200 day moving average is C$102.38. The stock has a market capitalization of C$57.18 billion, a PE ratio of 17.43, a price-to-earnings-growth ratio of 1.33 and a beta of 0.67.
Sun Life Financial (TSE:SLF – Get Free Report) (NYSE:SLF) last announced its quarterly earnings data on Wednesday, November 4th. The financial services provider reported C$2.05 earnings per share for the quarter. Sun Life Financial had a return on equity of 13.89% and a net margin of 8.81%. The business had revenue of C$8.79 billion during the quarter. Sell-side analysts expect that Sun Life Financial will post 6.92 earnings per share for the current year.
Sun Life Financial Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 29th were given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a yield of 3.7%. The ex-dividend date was Wednesday, August 26th. Sun Life Financial’s payout ratio is presently 62.37%.
Insiders Place Their Bets
In other Sun Life Financial news, insider Jacques Jr. Goulet sold 36,805 shares of the company’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of C$111.24, for a total value of C$4,094,188.20. Following the transaction, the insider directly owned 1,063 shares in the company, valued at C$118,248.12. This represents a 97.19% decrease in their position. Also, insider Melissa Jane Kennedy sold 15,114 shares of the firm’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of C$110.05, for a total value of C$1,663,295.70. Following the completion of the sale, the insider directly owned 28,124 shares in the company, valued at approximately C$3,095,046.20. The trade was a 34.96% decrease in their position. Insiders have sold 179,448 shares of company stock worth $19,874,331 in the last ninety days. 0.03% of the stock is currently owned by insiders.
Sun Life Financial Company Profile
Sun Life is a leading international financial services organization providing asset management, wealth, insurance and health solutions to individual and institutional Clients. Sun Life has operations in a number of markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. As of March 31, 2025, Sun Life had total assets under management of $1.55 trillion.
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