Sun Life Financial (NYSE:SLF - Get Free Report) TSE: SLF had its price objective hoisted by equities researchers at Argus from $81.00 to $88.00 in a report issued on Thursday, Benzinga reports. The firm presently has a "buy" rating on the financial services provider's stock. Argus' price objective would suggest a potential upside of 9.64% from the stock's previous close.
Other equities analysts have also issued reports about the stock. Scotiabank reiterated a "sector perform" rating on shares of Sun Life Financial in a report on Monday, August 10th. Royal Bank Of Canada increased their target price on Sun Life Financial from $98.00 to $119.00 and gave the stock a "sector perform" rating in a research note on Monday, August 10th. Evercore lowered shares of Sun Life Financial from an "outperform" rating to an "in-line" rating in a report on Monday, July 13th. UBS Group reaffirmed a "neutral" rating on shares of Sun Life Financial in a research report on Wednesday. Finally, TD Cowen reissued a "buy" rating on shares of Sun Life Financial in a report on Thursday, May 7th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $98.67.
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Sun Life Financial Price Performance
Shares of NYSE SLF opened at $80.27 on Thursday. Sun Life Financial has a 1 year low of $57.22 and a 1 year high of $84.38. The stock has a market capitalization of $44.69 billion, a P/E ratio of 18.76, a P/E/G ratio of 1.95 and a beta of 0.87. The company's 50-day moving average is $80.39 and its 200 day moving average is $72.99.
Sun Life Financial (NYSE:SLF - Get Free Report) TSE: SLF last released its quarterly earnings results on Thursday, August 6th. The financial services provider reported $1.46 earnings per share for the quarter, topping analysts' consensus estimates of $1.39 by $0.07. The company had revenue of $10.10 billion during the quarter, compared to analysts' expectations of $994.33 million. Sun Life Financial had a return on equity of 17.96% and a net margin of 7.66%. Research analysts anticipate that Sun Life Financial will post 5.72 earnings per share for the current year.
Institutional Trading of Sun Life Financial
Several hedge funds have recently modified their holdings of SLF. Cassaday & Co Wealth Management LLC acquired a new position in Sun Life Financial during the first quarter worth about $25,000. Brown Brothers Harriman & Co. purchased a new position in Sun Life Financial in the 4th quarter valued at approximately $30,000. Sittner & Nelson LLC purchased a new position in Sun Life Financial in the 4th quarter valued at approximately $33,000. Scarborough Advisors LLC acquired a new position in Sun Life Financial during the first quarter worth $33,000. Finally, First Bancorp Inc ME purchased a new stake in Sun Life Financial during the second quarter worth $35,000. 52.26% of the stock is owned by institutional investors and hedge funds.
About Sun Life Financial
(
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Sun Life Financial Inc, founded in 1865 and headquartered in Toronto, Ontario, is an international financial services organization that provides a range of insurance, wealth management and asset management solutions. The company serves individual and institutional clients, offering products designed to protect against life and health risks, help clients save for retirement, and manage investments on behalf of customers and third parties.
Core business activities include life and health insurance, group benefits for employers, retirement and pension products, and wealth management services such as mutual funds and segregated fund solutions.
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