Sun Life Financial (TSE:SLF) Upgraded at Scotiabank

Key Points

• Scotiabank upgraded Sun Life Financial from “hold” to “sector outperform” and set a C$122 price target, implying approximately 7.79% upside.
• Analyst sentiment is broadly positive: Sun Life has seven Buy and four Hold ratings, with a “Moderate Buy” consensus and an average price target of C$116.83.
• The stock opened at C$113.18 and recently reported quarterly EPS of C$2.02 on C$9.05 billion in revenue, while insiders sold approximately C$19.9 million of shares during the last quarter.

Sun Life Financial (TSE:SLF - Get Free Report) NYSE: SLF was upgraded by research analysts at Scotiabank from a "hold" rating to a "sector outperform" rating in a research note issued to investors on Wednesday, Marketbeat Ratings reports. The brokerage currently has a C$122.00 target price on the financial services provider's stock. Scotiabank's price target would indicate a potential upside of 7.79% from the company's current price.

A number of other research firms have also issued reports on SLF. Royal Bank Of Canada raised their target price on Sun Life Financial from C$98.00 to C$119.00 and gave the company a "sector perform" rating in a report on Monday, August 10th. Evercore cut Sun Life Financial from an "outperform" rating to a "hold" rating and set a C$111.00 price objective for the company. in a research report on Monday, July 13th. TD raised their price objective 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. Canadian Imperial Bank of Commerce boosted their target price on shares of Sun Life Financial from C$102.00 to C$116.00 in a research report on Wednesday, July 15th. Finally, Barclays upped their target price on shares of Sun Life Financial from C$96.00 to C$98.00 in a research note on Friday, August 7th. Seven investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of C$116.83.

Sun Life Financial Stock Up 0.7%

Sun Life Financial stock opened at C$113.18 on Wednesday. The firm has a market cap of C$62.93 billion, a price-to-earnings ratio of 19.18, a P/E/G 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 fifty-two week low of C$79.99 and a fifty-two week high of C$118.99. The firm has a fifty day moving average price of C$111.09 and a two-hundred day moving average price of C$101.63.

Sun Life Financial (TSE:SLF - Get Free Report) NYSE: SLF last issued its quarterly 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 return on equity of 13.89% and a net margin of 8.81%. The company had revenue of C$9.05 billion for the quarter. As a group, analysts forecast that Sun Life Financial will post 6.92 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Jacques Jr. Goulet sold 36,805 shares of the business's stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of C$111.24, for a total transaction of C$4,094,188.20. Following the sale, the insider directly owned 1,063 shares in the company, valued at approximately C$118,248.12. The trade was a 97.19% decrease in their ownership of the stock. Also, Director Kevin Strain sold 101,580 shares of the company's stock in a transaction on 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 transaction, the director owned 42,000 shares of the company's stock, valued at C$4,656,120. The trade was a 70.75% decrease in their ownership of the stock. In the last quarter, insiders sold 179,448 shares of company stock worth $19,874,331. 0.03% of the stock is currently owned by company insiders.

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.