Free Trial

Cormark Lifts Earnings Estimates for Sun Life Financial

Sun Life Financial logo with Finance background

Sun Life Financial Inc. (NYSE:SLF - Free Report) TSE: SLF - Cormark upped their FY2025 EPS estimates for Sun Life Financial in a research report issued on Wednesday, April 30th. Cormark analyst L. Persaud now anticipates that the financial services provider will post earnings of $5.23 per share for the year, up from their prior estimate of $5.10. Cormark has a "Moderate Buy" rating on the stock. The consensus estimate for Sun Life Financial's current full-year earnings is $5.19 per share. Cormark also issued estimates for Sun Life Financial's FY2026 earnings at $5.67 EPS.

Several other brokerages have also recently weighed in on SLF. National Bank Financial upgraded Sun Life Financial from a "sector perform" rating to an "outperform" rating in a report on Wednesday, January 15th. Scotiabank reaffirmed an "outperform" rating on shares of Sun Life Financial in a research report on Thursday, May 1st. Finally, StockNews.com downgraded Sun Life Financial from a "buy" rating to a "hold" rating in a report on Wednesday, February 5th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy".

Check Out Our Latest Stock Report on Sun Life Financial

Sun Life Financial Stock Up 1.1 %

Shares of SLF stock traded up $0.66 during trading on Friday, reaching $60.52. The company's stock had a trading volume of 113,296 shares, compared to its average volume of 676,917. The company has a market cap of $34.35 billion, a price-to-earnings ratio of 15.74, a price-to-earnings-growth ratio of 1.52 and a beta of 0.90. Sun Life Financial has a one year low of $46.41 and a one year high of $62.85. The business has a fifty day moving average price of $56.63 and a 200-day moving average price of $57.94.

Sun Life Financial (NYSE:SLF - Get Free Report) TSE: SLF last released its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.90 by $0.30. Sun Life Financial had a return on equity of 16.86% and a net margin of 8.08%.

Sun Life Financial Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Wednesday, February 26th were given a $0.5876 dividend. The ex-dividend date was Wednesday, February 26th. This represents a $2.35 dividend on an annualized basis and a dividend yield of 3.88%. Sun Life Financial's payout ratio is 60.16%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in SLF. Principal Financial Group Inc. increased its holdings in shares of Sun Life Financial by 34.0% in the fourth quarter. Principal Financial Group Inc. now owns 23,633 shares of the financial services provider's stock valued at $1,403,000 after purchasing an additional 6,000 shares during the last quarter. CIBC Asset Management Inc raised its holdings in Sun Life Financial by 10.8% in the 4th quarter. CIBC Asset Management Inc now owns 7,192,059 shares of the financial services provider's stock valued at $427,712,000 after acquiring an additional 703,391 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Sun Life Financial by 1.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,596,439 shares of the financial services provider's stock worth $94,743,000 after acquiring an additional 15,908 shares during the last quarter. Intact Investment Management Inc. boosted its holdings in shares of Sun Life Financial by 295.5% during the fourth quarter. Intact Investment Management Inc. now owns 1,911,027 shares of the financial services provider's stock worth $113,453,000 after acquiring an additional 1,427,815 shares during the period. Finally, Bleakley Financial Group LLC acquired a new position in shares of Sun Life Financial in the fourth quarter valued at approximately $526,000. 52.26% of the stock is owned by institutional investors and hedge funds.

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.

Featured Articles

Earnings History and Estimates for Sun Life Financial (NYSE:SLF)

Should You Invest $1,000 in Sun Life Financial Right Now?

Before you consider Sun Life Financial, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sun Life Financial wasn't on the list.

While Sun Life Financial currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

7 Stocks to Buy And Hold Forever Cover

Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

NVIDIA Earnings Preview: HUGE Stock Move Ahead
These 5 Small Stocks Could Deliver Huge Returns
ACT FAST! Congress Is POURING Into This Stock

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines