Melissa Jane Kennedy Sells 15,114 Shares of Sun Life Financial (TSE:SLF) Stock

Key Points

• Insider selling: Melissa Jane Kennedy sold 15,114 Sun Life Financial shares for approximately C$1.66 million at an average price of C$110.05, reducing her ownership by 34.96% to 28,124 shares. She also reported several additional sales on the same day.
• Financial performance and dividend: Sun Life reported quarterly earnings of C$2.02 per share and revenue of C$9.05 billion. The company announced a quarterly dividend of C$0.96, equivalent to an annualized C$3.84 and a 3.5% yield.
• Analyst outlook: Analysts have a consensus “Hold” rating with an average price target of C$116, while SLF recently traded at C$109.73. Price targets range from C$111 to C$141.

Sun Life Financial Inc. (TSE:SLF - Get Free Report) NYSE: SLF insider Melissa Jane Kennedy sold 15,114 shares of the business's stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of C$110.05, for a total value of C$1,663,295.70. Following the transaction, the insider owned 28,124 shares in the company, valued at C$3,095,046.20. This represents a 34.96% decrease in their ownership of the stock.

Melissa Jane Kennedy also recently made the following trade(s):

• On Tuesday, September 8th, Melissa Jane Kennedy sold 11,740 shares of Sun Life Financial stock. The stock was sold at an average price of C$110.05, for a total transaction of C$1,291,987.00.
• On Tuesday, September 8th, Melissa Jane Kennedy sold 1 shares of Sun Life Financial stock. The shares were sold at an average price of C$110.05, for a total transaction of C$110.05.
• On Tuesday, September 8th, Melissa Jane Kennedy sold 14,207 shares of Sun Life Financial stock. The shares were sold at an average price of C$110.05, for a total transaction of C$1,563,480.35.

Sun Life Financial Price Performance

Shares of SLF stock traded up C$1.22 during mid-day trading on Thursday, reaching C$109.73. The company's stock had a trading volume of 429,970 shares, compared to its average volume of 1,982,176. The firm's 50-day moving average is C$112.73 and its two-hundred day moving average is C$101.95. The company has a market cap of C$61.09 billion, a P/E ratio of 18.60, a PEG ratio of 1.33 and a beta of 0.70. Sun Life Financial Inc. has a 1-year low of C$79.99 and a 1-year high of C$118.99. The company has a debt-to-equity ratio of 34.34, a quick ratio of 84,866.00 and a current ratio of 27.38.

Sun Life Financial (TSE:SLF - Get Free Report) NYSE: SLF last posted its earnings results on Thursday, August 6th. The financial services provider reported C$2.02 earnings per share for the quarter. Sun Life Financial had a net margin of 8.81% and a return on equity of 13.89%. The business had revenue of C$9.05 billion for the quarter. On average, research analysts predict that Sun Life Financial Inc. will post 6.9230769 earnings per share for the current year.

Sun Life Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 29th will be issued a $0.96 dividend. The ex-dividend date of this dividend is Wednesday, August 26th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.5%. Sun Life Financial's dividend payout ratio is presently 62.37%.

Analyst Ratings Changes

A number of analysts have weighed in on SLF shares. Scotiabank upped their price target on Sun Life Financial from C$98.00 to C$111.00 and gave the company a "sector perform" rating in a research report on Wednesday, July 15th. National Bank Financial lifted their price objective on Sun Life Financial from C$108.00 to C$125.00 and gave the company an "outperform" rating in a report on Thursday, July 23rd. Royal Bank Of Canada lifted their price target on Sun Life Financial from C$98.00 to C$119.00 and gave the company a "sector perform" rating in a report on Monday, August 10th. Jefferies Financial Group upped their price target on shares of Sun Life Financial from C$131.00 to C$141.00 in a research report on Monday, August 10th. Finally, Evercore lowered shares of Sun Life Financial from an "outperform" rating to a "hold" rating and set a C$111.00 price objective on the stock. in a report on Monday, July 13th. Six equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of C$116.00.

Sun Life Financial Company Profile

Sun Life is a leading international financial services organization providing asset management, wealth, insurance and health solutions to individual and institutional Clients. Sun Life has operations in a number of markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. As of March 31, 2025, Sun Life had total assets under management of $1.55 trillion.

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