Sun Life Financial Inc. (NYSE:SLF - Free Report) TSE: SLF - Equities researchers at Desjardins dropped their FY2025 earnings per share (EPS) estimates for shares of Sun Life Financial in a research report issued to clients and investors on Tuesday, October 14th. Desjardins analyst D. Young now forecasts that the financial services provider will post earnings per share of $5.29 for the year, down from their prior forecast of $5.33. The consensus estimate for Sun Life Financial's current full-year earnings is $5.19 per share. Desjardins also issued estimates for Sun Life Financial's FY2027 earnings at $6.19 EPS.
A number of other research analysts have also commented on the company. Evercore ISI reissued an "outperform" rating on shares of Sun Life Financial in a report on Thursday, October 9th. Scotiabank raised Sun Life Financial to a "hold" rating in a report on Thursday, July 31st. TD Securities raised Sun Life Financial from a "hold" rating to a "buy" rating in a report on Tuesday, October 7th. Morgan Stanley set a $89.00 price objective on Sun Life Financial in a report on Tuesday, October 7th. Finally, National Bank Financial lowered Sun Life Financial from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $88.50.
Read Our Latest Research Report on Sun Life Financial
Sun Life Financial Price Performance
SLF opened at $62.22 on Thursday. Sun Life Financial has a fifty-two week low of $52.44 and a fifty-two week high of $66.81. The business has a 50-day moving average of $59.24 and a 200-day moving average of $60.68. The company has a market capitalization of $38.24 billion, a PE ratio of 15.40, a price-to-earnings-growth ratio of 1.68 and a beta of 0.90.
Sun Life Financial (NYSE:SLF - Get Free Report) TSE: SLF last posted its quarterly earnings results on Thursday, August 7th. The financial services provider reported $1.29 earnings per share for the quarter, hitting analysts' consensus estimates of $1.29. Sun Life Financial had a return on equity of 17.21% and a net margin of 7.59%.The company had revenue of $6.65 billion during the quarter, compared to the consensus estimate of $7.34 billion. During the same period last year, the business earned $1.11 EPS.
Institutional Trading of Sun Life Financial
Institutional investors have recently modified their holdings of the company. Northern Trust Corp grew its holdings in shares of Sun Life Financial by 5.9% during the 1st quarter. Northern Trust Corp now owns 522,752 shares of the financial services provider's stock worth $29,933,000 after purchasing an additional 29,222 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its holdings in shares of Sun Life Financial by 19.2% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 10,220 shares of the financial services provider's stock worth $585,000 after purchasing an additional 1,645 shares in the last quarter. Bank of Nova Scotia grew its holdings in shares of Sun Life Financial by 4.8% during the 1st quarter. Bank of Nova Scotia now owns 5,780,001 shares of the financial services provider's stock worth $330,848,000 after purchasing an additional 266,732 shares in the last quarter. Cerity Partners LLC lifted its position in shares of Sun Life Financial by 4.3% during the 1st quarter. Cerity Partners LLC now owns 24,889 shares of the financial services provider's stock worth $1,425,000 after buying an additional 1,022 shares during the period. Finally, Gulf International Bank UK Ltd lifted its position in shares of Sun Life Financial by 2,729.4% during the 1st quarter. Gulf International Bank UK Ltd now owns 33,557 shares of the financial services provider's stock worth $1,921,000 after buying an additional 32,371 shares during the period. Institutional investors and hedge funds own 52.26% of the company's stock.
About Sun Life Financial
(
Get Free Report)
Sun Life Financial Inc, a financial services company, provides savings, retirement, and pension products worldwide. The company operates in five segments: Asset Management, Canada, U.S., Asia, and Corporate. It offers various insurance products, such as term and permanent life; personal health, which includes prescription drugs, dental, and vision care; critical illness; long-term care; and disability, as well as reinsurance.
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