Sun Life Financial (TSE:SLF) Announces Quarterly Earnings Results

Sun Life Financial (TSE:SLF) (NYSE:SLF) released its earnings results on Wednesday. The financial services provider reported C$2.05 EPS for the quarter, FiscalAI reports. The firm had revenue of C$8.79 billion for the quarter. Sun Life Financial had a return on equity of 13.89% and a net margin of 8.81%.

Sun Life Financial Price Performance

SLF traded up C$1.78 on Wednesday, hitting C$114.52. 1,910,216 shares of the stock were exchanged, compared to its average volume of 1,835,908. The firm has a market capitalization of C$63.68 billion, a price-to-earnings ratio of 19.41, a PEG ratio of 1.33 and a beta of 0.73. The company has a debt-to-equity ratio of 34.34, a current ratio of 27.38 and a quick ratio of 84,866.00. Sun Life Financial has a 12 month low of C$79.99 and a 12 month high of C$118.99. The business has a 50-day moving average of C$111.43 and a two-hundred day moving average of C$102.17.

Sun Life Financial Dividend Announcement

The business also recently announced 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 3.4%. The ex-dividend date of this dividend was Wednesday, August 26th. Sun Life Financial’s dividend payout ratio is 62.37%.

Insider Buying and Selling

In other Sun Life Financial news, insider Jacques Jr. Goulet sold 36,805 shares of the firm’s stock in a transaction on 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 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. Also, Director Kevin Strain sold 101,580 shares of the firm’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of C$110.86, for a total value of C$11,261,158.80. Following the completion of the sale, 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 ownership of the stock. In the last 90 days, insiders have sold 179,448 shares of company stock worth $19,874,331. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Desjardins increased their price target on shares of Sun Life Financial from C$120.00 to C$122.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Jefferies Financial Group lifted their price objective on shares of Sun Life Financial from C$131.00 to C$141.00 in a research report on Monday, August 10th. Scotia boosted 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 research note on Monday, August 10th. 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 report on Wednesday, July 15th. Finally, Evercore cut shares of Sun Life Financial from an “outperform” rating to a “hold” rating and set a C$111.00 target price on the stock. in a report on Monday, July 13th. Seven equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of C$116.83.

About Sun Life Financial

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.