Cormark Lifts Earnings Estimates for Sun Life Financial

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".

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

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.