Sun Life Financial Inc. (TSE:SLF - Free Report) NYSE: SLF - Cormark upped 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 of $7.87 per share for the year, up from their prior 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.
Several other analysts also recently issued reports on the company. Scotiabank decreased their price target on Sun Life Financial from C$94.00 to C$90.00 and set an "outperform" rating for the company in a research note on Thursday. Jefferies Financial Group decreased their target price on Sun Life Financial from C$96.00 to C$90.00 in a research report on Monday, April 21st. CIBC lowered their price target on Sun Life Financial from C$94.00 to C$89.00 and set an "outperform" rating on the stock in a report on Thursday. 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. Finally, Royal Bank of Canada set a C$82.00 target price on shares of Sun Life Financial and gave the company an "outperform" rating in a research note on Tuesday, April 15th. Two equities research 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 stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of C$85.70.
Read Our Latest Stock Analysis on Sun Life Financial
Sun Life Financial Stock Up 1.3 %
Sun Life Financial stock traded up C$1.07 during mid-day trading on Friday, hitting C$82.95. 2,407,616 shares of the company's stock were exchanged, compared to its average volume of 2,173,298. Sun Life Financial has a 1-year low of C$64.38 and a 1-year high of C$88.54. The stock has a 50 day moving average of C$79.87 and a two-hundred day moving average of C$82.04. The company has a current ratio of 92.19, a quick ratio of 84,866.00 and a debt-to-equity ratio of 26.00. The stock has a market cap of C$47.38 billion, a P/E ratio of 12.51, a P/E/G ratio of 1.33 and a beta of 0.94.
Sun Life Financial Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 31st were issued a dividend of $0.84 per share. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $3.36 annualized dividend and a dividend yield of 4.05%. Sun Life Financial's payout ratio is 48.87%.
About Sun Life Financial
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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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