Sun Life Financial (TSE:SLF) Stock Gets Price Target Trim from National Bank Financial

Key Points

• National Bank Financial lowered its Sun Life Financial price target to C$124 from C$125 while maintaining an “outperform” rating, implying 11.83% potential upside.
• Analyst sentiment remains positive overall, with six buy ratings and five holds; the stock has a consensus “Moderate Buy” rating and an average price target of C$115.92.
• Sun Life reported C$2.02 quarterly EPS and C$9.05 billion in revenue, while insiders sold approximately C$19.9 million worth of shares over the past 90 days.

Sun Life Financial (TSE:SLF - Get Free Report) NYSE: SLF had its price target decreased by research analysts at National Bank Financial from C$125.00 to C$124.00 in a research note issued to investors on Monday, BayStreet reports. The firm currently has an "outperform" rating on the financial services provider's stock. National Bank Financial's target price would suggest a potential upside of 11.83% from the company's current price.

Other equities research analysts have also recently issued research reports about the company. Barclays upped their price target on Sun Life Financial from C$96.00 to C$98.00 in a report on Friday, August 7th. TD raised their price target on Sun Life Financial from C$121.00 to C$124.00 and gave the company a "buy" rating in a research report on Friday, August 7th. Royal Bank Of Canada lifted their price target on Sun Life Financial from C$98.00 to C$119.00 and gave the stock a "sector perform" rating in a research note on Monday, August 10th. Evercore downgraded Sun Life Financial from an "outperform" rating to a "hold" rating and set a C$111.00 price target for the company. in a research note on Monday, July 13th. Finally, Jefferies Financial Group boosted 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. Six investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of C$115.92.

Sun Life Financial Price Performance

SLF traded down C$1.42 on Monday, hitting C$110.88. 273,570 shares of the company were exchanged, compared to its average volume of 1,874,532. 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. The business's fifty day moving average is C$111.17 and its 200 day moving average is C$106.53. Sun Life Financial has a fifty-two week low of C$79.99 and a fifty-two week high of C$118.99. The firm has a market capitalization of C$61.65 billion, a P/E ratio of 18.79, a price-to-earnings-growth ratio of 1.33 and a beta of 0.73.

Sun Life Financial (TSE:SLF - Get Free Report) NYSE: SLF last issued its earnings results on Thursday, August 6th. The financial services provider reported C$2.02 earnings per share (EPS) for the quarter. Sun Life Financial had a net margin of 8.81% and a return on equity of 13.89%. The company had revenue of C$9.05 billion during the quarter. As a group, sell-side analysts anticipate that Sun Life Financial will post 6.92 EPS for the current year.

Insiders Place Their Bets

In other news, insider Melissa Jane Kennedy sold 11,740 shares of Sun Life Financial stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of C$110.05, for a total transaction of C$1,291,987.00. Following the completion of the sale, the insider directly owned 43,238 shares in the company, valued at C$4,758,341.90. The trade was a 21.35% decrease in their ownership of the stock. Also, Director Kevin Strain sold 101,580 shares of the company's stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of C$110.86, for a total transaction 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. The trade was a 70.75% decrease in their position. Insiders have sold 179,448 shares of company stock valued at $19,874,331 in the last ninety days. Insiders own 0.03% of the company's stock.

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.

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