Sun Life Financial (TSE:SLF) Given New C$124.00 Price Target at TD

Posted by Stanley Muller on Aug 8th, 2026

Sun Life Financial (TSE:SLF – Free Report) (NYSE:SLF) had its price target boosted by TD from C$121.00 to C$124.00 in a research report released on Friday,BayStreet.CA reports. TD currently has a buy rating on the financial services provider’s stock.

A number of other equities analysts have also recently weighed in on the company. Jefferies Financial Group upped their price target on Sun Life Financial from C$115.00 to C$131.00 and gave the stock a “buy” rating in a report on Tuesday, July 21st. Barclays boosted their target price on shares of Sun Life Financial from C$96.00 to C$98.00 in a research report on Friday. 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. Evercore lowered shares of Sun Life Financial from an “outperform” rating to a “hold” rating and set a C$111.00 price target for the company. in a report on Monday, July 13th. Finally, BMO Capital Markets raised their price target on shares of Sun Life Financial from C$99.00 to C$105.00 in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$110.82.

Get Our Latest Report on Sun Life Financial

Sun Life Financial Trading Down 1.2%

Shares of SLF opened at C$114.25 on Friday. Sun Life Financial has a 12 month low of C$77.38 and a 12 month high of C$118.99. The stock’s 50-day moving average is C$110.98 and its two-hundred day moving average is C$98.29. The company has a debt-to-equity ratio of 32.51, a current ratio of 6.03 and a quick ratio of 84,866.00. The stock has a market cap of C$63.33 billion, a PE ratio of 21.28, a P/E/G ratio of 1.33 and a beta of 0.80.

Sun Life Financial (TSE:SLF – Get Free Report) (NYSE:SLF) last posted its earnings results on Thursday, August 6th. The financial services provider reported C$2.02 earnings per share (EPS) for the quarter. The business had revenue of C$9.05 billion during the quarter. Sun Life Financial had a return on equity of 12.89% and a net margin of 9.12%. Equities analysts forecast that Sun Life Financial will post 6.9230769 earnings per share for the current fiscal year.

Sun Life Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.96 per share. The ex-dividend date was Wednesday, May 27th. This represents a $3.84 annualized dividend and a yield of 3.4%. This is a boost from Sun Life Financial’s previous quarterly dividend of $0.92. Sun Life Financial’s dividend payout ratio (DPR) is presently 67.04%.

Insider Buying and Selling

In other news, insider Jacques Jr. Goulet sold 35,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of C$97.80, for a total transaction of C$3,423,000.00. Following the completion of the sale, the insider owned 1,054 shares of the company’s stock, valued at approximately C$103,081.20. This trade represents a 97.08% decrease in their ownership of the stock. Also, insider Melissa Jane Kennedy sold 7,366 shares of Sun Life Financial stock in a transaction on Monday, May 25th. The stock was sold at an average price of C$101.49, for a total transaction of C$747,575.34. Following the completion of the sale, the insider owned 13,916 shares of the company’s stock, valued at approximately C$1,412,334.84. This trade represents a 34.61% decrease in their position. Insiders sold a total of 380,998 shares of company stock worth $38,271,605 over the last 90 days. 0.03% of the stock is currently owned by corporate insiders.

Key Headlines Impacting Sun Life Financial

Here are the key news stories impacting Sun Life Financial this week:

Positive Sentiment: Q2 profit more than doubled year over year. Sun Life reported approximately C$1 billion in second-quarter profit, up from C$716 million a year earlier. The company also delivered C$2.02 in EPS on C$9.05 billion of revenue, supporting the case for improving operating performance. Sun Life Financial reports $1B in Q2 profit, rising from $716M last year
Positive Sentiment: TD raised its price target and maintained a bullish stance. TD increased its target for Sun Life from C$121 to C$124 and assigned a “buy” rating, implying further upside based on the cited reference price. Sun Life Financial analyst ratings
Neutral Sentiment: Preferred-share dividends were declared. Sun Life announced dividends of C$0.2781 on its Series 4 preferred shares and $0.1854 on its Series A-10R preferred shares. These payments signal continued capital-distribution capacity, although they do not directly change the value of the common shares. Sun Life Series 4 preferred dividend Sun Life Series A-10R preferred dividend
Neutral Sentiment: Brokerage sentiment remains favorable but not unanimous. Analysts collectively characterize SLF as a “Moderate Buy,” indicating generally positive expectations while leaving room for valuation or execution concerns. Sun Life Financial receives Moderate Buy recommendation
Negative Sentiment: Barclays’ target remains below the market price. Although Barclays raised its target from C$96 to C$98, the target still indicates substantial downside, contrasting with TD’s more optimistic outlook and potentially weighing on sentiment. Sun Life Financial Barclays price target

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.