Desjardins Raises Earnings Estimates for Sun Life Financial

Sun Life Financial Inc. (NYSE:SLF - Free Report) TSE: SLF - Investment analysts at Desjardins boosted their FY2025 earnings per share (EPS) estimates for Sun Life Financial in a note issued to investors on Thursday, July 10th. Desjardins analyst D. Young now forecasts that the financial services provider will earn $5.33 per share for the year, up from their previous forecast of $5.22. 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 FY2026 earnings at $5.69 EPS.

Other equities analysts have also issued reports about the company. Barclays lowered Sun Life Financial from an "equal weight" rating to an "underweight" rating in a report on Monday, July 7th. BMO Capital Markets reaffirmed an "outperform" rating on shares of Sun Life Financial in a report on Monday, May 12th. Royal Bank Of Canada upped their target price on Sun Life Financial from $82.00 to $88.00 and gave the company an "outperform" rating in a report on Monday, May 12th. Finally, Scotiabank reissued an "outperform" rating on shares of Sun Life Financial in a report on Thursday, May 1st. One analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $88.00.

Sun Life Financial Stock Up 0.2%

SLF stock opened at $62.10 on Monday. The firm has a market cap of $35.00 billion, a PE ratio of 15.80, a P/E/G ratio of 1.67 and a beta of 0.91. The business has a 50 day moving average of $63.74 and a 200-day moving average of $59.42. Sun Life Financial has a 12-month low of $46.41 and a 12-month high of $66.81.

Sun Life Financial (NYSE:SLF - Get Free Report) TSE: SLF last issued its quarterly earnings data on Thursday, May 8th. The financial services provider reported $1.27 EPS for the quarter, topping the consensus estimate of $1.22 by $0.05. The firm had revenue of $7.91 billion during the quarter, compared to the consensus estimate of $6.44 billion. Sun Life Financial had a return on equity of 17.33% and a net margin of 7.47%. During the same period in the prior year, the business posted $1.40 earnings per share.

Sun Life Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Wednesday, May 28th were issued a dividend of $0.6332 per share. This represents a $2.53 annualized dividend and a yield of 4.08%. This is a positive change from Sun Life Financial's previous quarterly dividend of $0.59. The ex-dividend date of this dividend was Wednesday, May 28th. Sun Life Financial's dividend payout ratio is 64.89%.

Hedge Funds Weigh In On Sun Life Financial

Several institutional investors and hedge funds have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC lifted its position in shares of Sun Life Financial by 19.2% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 10,220 shares of the financial services provider's stock worth $585,000 after acquiring an additional 1,645 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Sun Life Financial by 5,676.2% during the first quarter. GAMMA Investing LLC now owns 32,982 shares of the financial services provider's stock worth $1,889,000 after acquiring an additional 32,411 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of Sun Life Financial by 39.4% during the first quarter. Janney Montgomery Scott LLC now owns 10,628 shares of the financial services provider's stock worth $609,000 after acquiring an additional 3,006 shares in the last quarter. Two Sigma Investments LP lifted its position in shares of Sun Life Financial by 6.9% during the fourth quarter. Two Sigma Investments LP now owns 1,202,981 shares of the financial services provider's stock worth $71,385,000 after acquiring an additional 77,400 shares in the last quarter. Finally, Focus Partners Wealth bought a new stake in Sun Life Financial during the fourth quarter valued at $302,000. 52.26% of the stock is owned by institutional investors.

About Sun Life Financial

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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