Sun Life Financial Inc. (TSE:SLF) Receives C$109.36 Consensus PT from Brokerages

Sun Life Financial Inc. (TSE:SLF) (NYSE:SLF) has been assigned an average rating of “Moderate Buy” from the thirteen brokerages that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is C$110.82.

Several equities analysts recently weighed in on the stock. Barclays raised their target price on shares of Sun Life Financial from C$96.00 to C$98.00 in a research note on Friday. BMO Capital Markets boosted their price target on shares of Sun Life Financial from C$99.00 to C$105.00 in a research note on Friday, May 8th. TD increased their price objective on shares of Sun Life Financial from C$121.00 to C$124.00 and gave the company a “buy” rating in a report on Friday. Desjardins set a C$101.00 price objective on Sun Life Financial and gave the company a “buy” rating in a research report on Friday, April 17th. Finally, Canadian Imperial Bank of Commerce lifted their target price on Sun Life Financial from C$102.00 to C$116.00 in a report on Wednesday, July 15th.

Sun Life Financial Trading Down 1.2%

Shares of SLF opened at C$114.25 on Thursday. 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. Sun Life Financial has a 1 year low of C$77.38 and a 1 year high of C$118.99. The company has a 50 day simple moving average of C$110.98 and a two-hundred day simple moving average of C$98.29. The firm has a market cap of C$63.26 billion, a P/E ratio of 19.36, a price-to-earnings-growth ratio of 1.33 and a beta of 0.80.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last released its earnings results on Thursday, August 6th. The financial services provider reported C$2.02 EPS for the quarter. Sun Life Financial had a net margin of 9.12% and a return on equity of 12.89%. The firm had revenue of C$9.05 billion for the quarter. On average, equities analysts expect that Sun Life Financial will post 6.9230769 earnings per share for the current fiscal year.

Sun Life Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th were paid a dividend of $0.96 per share. The ex-dividend date of this dividend was Wednesday, May 27th. This is a boost from Sun Life Financial’s previous quarterly dividend of $0.92. This represents a $3.84 dividend on an annualized basis and a yield of 3.4%. Sun Life Financial’s dividend payout ratio is currently 62.37%.

Trending Headlines about 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

Insider Buying and Selling at Sun Life Financial

In other Sun Life Financial news, insider Helena Janina Pagano sold 17,283 shares of Sun Life Financial stock in a transaction that occurred on Monday, May 25th. The stock was sold at an average price of C$101.32, for a total value of C$1,751,113.56. Following the sale, the insider owned 228 shares of the company’s stock, valued at C$23,100.96. The trade was a 98.70% decrease in their position. Also, insider Jacques Jr. Goulet sold 35,000 shares of Sun Life Financial stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of C$97.80, for a total value of C$3,423,000.00. Following the completion of the sale, the insider directly owned 1,054 shares in the company, valued at approximately C$103,081.20. The trade was a 97.08% decrease in their position. Insiders have sold a total of 380,998 shares of company stock worth $38,271,605 over the last three months. 0.03% of the stock is owned by company insiders.

Sun Life Financial Company Profile

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.