Sun Life Financial (TSE:SLF) Price Target Raised to C$116.00

Posted by George Bondi on Jul 18th, 2026

Sun Life Financial (TSE:SLF – Free Report) (NYSE:SLF) had its target price boosted by Canadian Imperial Bank of Commerce from C$102.00 to C$116.00 in a research report released on Wednesday,BayStreet.CA reports.

Other equities analysts have also recently issued research reports about the company. BMO Capital Markets raised their price target on Sun Life Financial from C$99.00 to C$105.00 in a report on Friday, May 8th. Jefferies Financial Group boosted their price objective on Sun Life Financial from C$103.00 to C$115.00 in a report on Friday, May 1st. National Bank Financial cut their target price on shares of Sun Life Financial from C$109.00 to C$108.00 and set an “outperform” rating on the stock in a research report on Thursday, May 7th. Desjardins set a C$101.00 target price on shares of Sun Life Financial and gave the company a “buy” rating in a research note on Friday, April 17th. Finally, TD lifted their price target on shares of Sun Life Financial from C$102.00 to C$107.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$105.09.

Read Our Latest Report on SLF

Sun Life Financial Stock Up 0.1%

Shares of SLF opened at C$114.74 on Wednesday. The firm has a market capitalization of C$63.60 billion, a price-to-earnings ratio of 21.37, a PEG ratio of 1.33 and a beta of 0.79. The company has a debt-to-equity ratio of 32.51, a quick ratio of 84,866.00 and a current ratio of 6.03. The business’s fifty day moving average price is C$106.07 and its two-hundred day moving average price is C$95.25. Sun Life Financial has a 52 week low of C$77.38 and a 52 week high of C$115.22.

Sun Life Financial (TSE:SLF – Get Free Report) (NYSE:SLF) last released its earnings results on Wednesday, May 6th. The financial services provider reported C$1.89 EPS for the quarter. The company had revenue of C$8.73 billion during the quarter. Sun Life Financial had a return on equity of 12.89% and a net margin of 9.12%. On average, analysts predict that Sun Life Financial will post 6.9230769 earnings per share for the current year.

Sun Life Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th were paid a $0.96 dividend. This is an increase 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 dividend yield of 3.3%. Sun Life Financial’s dividend payout ratio (DPR) is currently 67.04%.

Insiders Place Their Bets

In related news, Director Kevin Strain sold 104,744 shares of the company’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of C$96.99, for a total value of C$10,159,120.56. Following the completion of the sale, the director owned 42,000 shares in the company, valued at approximately C$4,073,580. This represents a 71.38% decrease in their ownership of the stock. Also, insider Manjit Singh sold 188,312 shares of the company’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of C$103.20, for a total value of C$19,433,798.40. Following the completion of the sale, the insider owned 547 shares of the company’s stock, valued at C$56,450.40. This represents a 99.71% decrease in their position. Insiders sold 380,998 shares of company stock worth $38,271,605 over the last three months. Insiders own 0.03% of the company’s stock.

About Sun Life Financial

(Get Free Report)

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. Sun Life generates about a third of its profit from asset-management operations.