Desjardins Has Bullish Estimate for TSE:SLF FY2026 Earnings

Sun Life Financial Inc. (TSE:SLF - Free Report) NYSE: SLF - Analysts at Desjardins upped their FY2026 EPS estimates for Sun Life Financial in a research report issued on Tuesday, October 14th. Desjardins analyst D. Young now forecasts that the financial services provider will earn $7.90 per share for the year, up from their previous forecast of $7.75. Desjardins has a "Buy" rating and a $94.00 price objective on the stock. The consensus estimate for Sun Life Financial's current full-year earnings is $6.92 per share.

SLF has been the topic of several other reports. National Bankshares downgraded shares of Sun Life Financial from an "outperform" rating to a "sector perform" rating and dropped their price objective for the company from C$93.00 to C$87.00 in a report on Friday, August 8th. Argus raised shares of Sun Life Financial to a "strong-buy" rating in a report on Thursday, September 4th. Scotiabank dropped their price objective on shares of Sun Life Financial from C$88.00 to C$83.00 and set a "sector perform" rating on the stock in a report on Monday, August 11th. Royal Bank Of Canada dropped their price objective on shares of Sun Life Financial from C$88.00 to C$84.00 in a report on Monday, August 11th. Finally, National Bank Financial downgraded shares of Sun Life Financial from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of C$88.56.

Sun Life Financial Price Performance

TSE SLF opened at C$85.72 on Friday. The company has a market cap of C$48.04 billion, a PE ratio of 15.20, a price-to-earnings-growth ratio of 1.33 and a beta of 0.84. Sun Life Financial has a 52 week low of C$74.56 and a 52 week high of C$91.11. The company has a quick ratio of 84,866.00, a current ratio of 92.19 and a debt-to-equity ratio of 26.00. The firm's 50-day simple moving average is C$82.11 and its two-hundred day simple moving average is C$83.90.

Insider Activity

In other news, insider Thomas Murphy purchased 3,389 shares of the stock in a transaction dated Wednesday, August 13th. The shares were purchased at an average cost of C$79.37 per share, with a total value of C$268,973.75. Following the completion of the acquisition, the insider owned 3,389 shares in the company, valued at C$268,973.75. This represents a ∞ increase in their position. Insiders have bought 4,262 shares of company stock valued at $338,105 over the last quarter. Corporate insiders own 0.03% of the company's stock.

Sun Life Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 29th. Stockholders of record on Monday, September 29th were issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend was Wednesday, August 27th. Sun Life Financial's dividend payout ratio is presently 59.75%.

About Sun Life Financial

Sun Life Financial is one of Canada's Big Three life insurance companies along with Great-West Lifeco and Manulife. Sun Life provides insurance, retirement, and wealth-management services to individual and corporate customers in Canada, the United States, and Asia. It also owns MFS Investment Management, a Boston-based asset-management firm.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.