Cormark Increases Earnings Estimates for Sun Life Financial

Sun Life Financial Inc. (TSE:SLF - Free Report) NYSE: SLF - Stock analysts at Cormark increased their FY2026 earnings estimates for Sun Life Financial in a research report issued on Wednesday, April 30th. Cormark analyst L. Persaud now forecasts that the financial services provider will post earnings per share of $7.87 for the year, up from their previous forecast of $7.86. Cormark has a "Moderate Buy" rating on the stock. The consensus estimate for Sun Life Financial's current full-year earnings is $6.92 per share.

A number of other analysts have also weighed in on the stock. National Bank Financial upgraded shares of Sun Life Financial from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 14th. Jefferies Financial Group decreased their price objective on shares of Sun Life Financial from C$96.00 to C$90.00 in a research report on Monday, April 21st. Scotiabank dropped their target price on 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 set a C$82.00 price objective on Sun Life Financial and gave the company an "outperform" rating in a report on Tuesday, April 15th. Finally, National Bankshares dropped their price target on shares of Sun Life Financial from C$95.00 to C$93.00 and set an "outperform" rating on the stock in a research note on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Sun Life Financial has an average rating of "Moderate Buy" and an average price target of C$85.70.

Sun Life Financial Stock Up 1.2 %

Shares of TSE SLF traded up C$1.00 during midday trading on Friday, hitting C$83.42. The company's stock had a trading volume of 364,765 shares, compared to its average volume of 2,149,402. The company has a debt-to-equity ratio of 26.00, a current ratio of 92.19 and a quick ratio of 84,866.00. The firm has a market capitalization of C$47.65 billion, a price-to-earnings ratio of 12.58, a price-to-earnings-growth ratio of 1.33 and a beta of 0.94. The business's fifty day simple moving average is C$80.03 and its two-hundred day simple moving average is C$82.10. Sun Life Financial has a 1 year low of C$64.38 and a 1 year high of C$88.54.

Sun Life Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 31st were issued a $0.84 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 4.03%. Sun Life Financial's dividend payout ratio is presently 48.87%.

Sun Life Financial Company Profile

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.