Desjardins Lifts Earnings Estimates for Sun Life Financial

Sun Life Financial Inc. (TSE:SLF - Free Report) NYSE: SLF - Equities researchers at Desjardins boosted their FY2025 earnings estimates for shares of Sun Life Financial in a report issued on Thursday, July 10th. Desjardins analyst D. Young now forecasts that the financial services provider will earn $7.30 per share for the year, up from their prior forecast of $7.25. The consensus estimate for Sun Life Financial's current full-year earnings is $6.92 per share. Desjardins also issued estimates for Sun Life Financial's FY2026 earnings at $7.80 EPS.

SLF has been the topic of a number of other reports. National Bankshares reduced their price objective on shares of Sun Life Financial from C$94.00 to C$93.00 in a report on Friday. Scotiabank reduced their price objective on shares of Sun Life Financial from C$94.00 to C$90.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. Royal Bank Of Canada raised their price objective on shares of Sun Life Financial from C$82.00 to C$88.00 in a report on Monday, May 12th. Barclays lowered shares of Sun Life Financial from a "hold" rating to a "strong sell" rating in a report on Monday, July 7th. Finally, CIBC reduced their price objective on shares of Sun Life Financial from C$94.00 to C$89.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. One investment analyst has rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Sun Life Financial presently has an average rating of "Moderate Buy" and an average target price of C$88.38.

Sun Life Financial Price Performance

Sun Life Financial stock opened at C$85.00 on Monday. The firm has a market cap of C$48.55 billion, a PE ratio of 12.82, a price-to-earnings-growth ratio of 1.33 and a beta of 0.94. Sun Life Financial has a 52-week low of C$64.38 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 company's 50 day moving average is C$87.64 and its two-hundred day moving average is C$83.54.

Insider Buying and Selling at Sun Life Financial

In other news, Director Kevin Strain bought 3,850 shares of the stock in a transaction dated Thursday, June 5th. The shares were acquired at an average price of C$89.10 per share, with a total value of C$343,035.00. Also, Senior Officer Stephen Peacher sold 80,048 shares of Sun Life Financial stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of C$87.70, for a total transaction of C$7,020,209.60. Over the last 90 days, insiders sold 188,721 shares of company stock valued at $16,554,701. Company insiders own 0.03% of the company's stock.

Sun Life Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 30th were given a dividend of $0.88 per share. This is an increase from Sun Life Financial's previous quarterly dividend of $0.84. This represents a $3.52 annualized dividend and a yield of 4.14%. The ex-dividend date of this dividend was Wednesday, May 28th. Sun Life Financial's dividend payout ratio (DPR) is presently 48.87%.

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.

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