Sun Life Financial Inc. (TSE:SLF) Stock Now Rated “Moderate Buy” by Sell-Side Brokerages

Sun Life Financial Inc. (TSE:SLF) (NYSE:SLF) has been assigned an average rating of “Moderate Buy” from the eleven brokerages that are presently covering the stock, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$115.92.

SLF has been the topic of several research analyst reports. Canadian Imperial Bank of Commerce upped their target price on shares of Sun Life Financial from C$102.00 to C$116.00 in a research note on Wednesday, July 15th. Barclays lifted their price target on shares of Sun Life Financial from C$96.00 to C$98.00 in a research note on Friday, August 7th. Scotia boosted their price objective on shares of Sun Life Financial from C$110.00 to C$118.00 and gave the company a “sector perform” rating in a report on Monday, August 10th. Scotiabank increased their price objective on shares of Sun Life Financial from C$98.00 to C$111.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 15th. Finally, Desjardins increased their price objective on shares of Sun Life Financial from C$120.00 to C$122.00 and gave the company a “buy” rating in a research report on Monday, August 10th.

Insider Transactions at Sun Life Financial

In other news, Director Kevin Strain sold 101,580 shares of the firm’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of C$110.86, for a total value of C$11,261,158.80. Following the transaction, the director directly owned 42,000 shares in the company, valued at C$4,656,120. This trade represents a 70.75% decrease in their position. Also, insider Jacques Jr. Goulet sold 36,805 shares of the company’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of C$111.24, for a total value of C$4,094,188.20. Following the sale, the insider owned 1,063 shares of the company’s stock, valued at approximately C$118,248.12. This trade represents a 97.19% decrease in their position. Insiders have sold a total of 179,448 shares of company stock worth $19,874,331 in the last ninety days. Insiders own 0.03% of the company’s stock.

Sun Life Financial Price Performance

Shares of SLF stock opened at C$110.78 on Tuesday. The firm has a market cap of C$61.60 billion, a P/E ratio of 18.78, a P/E/G ratio of 1.33 and a beta of 0.73. Sun Life Financial has a fifty-two week low of C$79.99 and a fifty-two week high of C$118.99. The business’s 50 day moving average price is C$111.07 and its 200-day moving average price is C$107.24. The company has a debt-to-equity ratio of 34.34, a quick ratio of 84,866.00 and a current ratio of 27.38.

Sun Life Financial (TSE:SLF) (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 firm had revenue of C$9.05 billion for the quarter. Sun Life Financial had a return on equity of 13.89% and a net margin of 8.81%. On average, equities research analysts anticipate that Sun Life Financial will post 6.92 earnings per share for the current year.

Sun Life Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 29th were issued a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Wednesday, August 26th. Sun Life Financial’s dividend payout ratio is presently 62.37%.

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.