Sun Life Financial (TSE:SLF) Stock Moved Down to Sector Perform by National Bank Financial

Key Points

• National Bank Financial downgraded Sun Life Financial from Outperform to Sector Perform and lowered its price target from C$124 to C$120, implying about 15.7% upside from the cited share price.
• Sun Life shares fell 9.5% to C$103.68 in Thursday trading. The article reports quarterly earnings of C$2.05 per share and revenue of C$8.79 billion.
• Analyst views remain broadly positive: MarketBeat’s consensus is Moderate Buy, with a C$116.50 average target; six analysts rate the stock Buy and five Hold.

Sun Life Financial (TSE:SLF - Get Free Report) NYSE: SLF was downgraded by National Bank Financial from an "outperform" rating to a "sector perform" rating in a research note issued on Thursday, BayStreet reports. They presently have a C$120.00 price objective on the financial services provider's stock, down from their previous price objective of C$124.00. National Bank Financial's price objective would suggest a potential upside of 15.74% from the company's current price.

Several other brokerages have also commented on SLF. Desjardins upped their price objective on shares of Sun Life Financial from C$120.00 to C$122.00 and gave the stock a "buy" rating in a report on Monday, August 10th. Jefferies Financial Group boosted their price target on shares of Sun Life Financial from C$131.00 to C$141.00 in a research report on Monday, August 10th. TD increased their price target on shares of Sun Life Financial from C$121.00 to C$124.00 and gave the stock a "buy" rating in a research note on Friday, August 7th. Barclays raised their price objective on shares of Sun Life Financial from C$96.00 to C$98.00 in a report on Friday, August 7th. Finally, Scotiabank upgraded shares of Sun Life Financial from a "hold" rating to a "sector outperform" rating and set a C$122.00 price objective for the company in a report on Wednesday, October 28th. Six investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Sun Life Financial presently has a consensus rating of "Moderate Buy" and a consensus target price of C$116.50.

Sun Life Financial Trading Down 9.5%

Shares of Sun Life Financial stock traded down C$10.84 during midday trading on Thursday, reaching C$103.68. 2,267,711 shares of the company's stock traded hands, compared to its average volume of 1,837,234. The stock has a 50 day moving average of C$111.51 and a 200-day moving average of C$102.30. Sun Life Financial has a 12 month low of C$79.99 and a 12 month high of C$118.99. The company has a market cap of C$57.65 billion, a PE ratio of 17.57, a price-to-earnings-growth ratio of 1.33 and a beta of 0.73. 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 - Get Free Report) NYSE: SLF last released its quarterly earnings results on Wednesday, November 4th. The financial services provider reported C$2.05 earnings per share for the quarter. The business had revenue of C$8.79 billion for the quarter. Sun Life Financial had a net margin of 8.81% and a return on equity of 13.89%. As a group, equities analysts expect that Sun Life Financial will post 6.92 EPS for the current fiscal year.

Insider Activity

In related news, insider Jacques Jr. Goulet sold 36,805 shares of the stock in a transaction dated 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 completion of the transaction, the insider directly owned 1,063 shares in the company, valued at C$118,248.12. This trade represents a 97.19% decrease in their position. Also, insider Melissa Jane Kennedy sold 11,740 shares of the stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of C$110.05, for a total transaction of C$1,291,987.00. Following the completion of the transaction, the insider owned 43,238 shares of the company's stock, valued at approximately C$4,758,341.90. The trade was a 21.35% 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.

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.

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