Sun Life Financial Inc. (NYSE:SLF - Get Free Report) TSE: SLF's share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $74.07 and traded as high as $81.41. Sun Life Financial shares last traded at $80.8790, with a volume of 310,684 shares traded.
Wall Street Analyst Weigh In
Several research analysts have issued reports on the company. Weiss Ratings upgraded Sun Life Financial from a "buy (b+)" rating to a "buy (a-)" rating in a research note on Monday, August 31st. Wall Street Zen upgraded shares of Sun Life Financial from a "sell" rating to a "hold" rating in a research note on Sunday, July 26th. Evercore lowered shares of Sun Life Financial from an "outperform" rating to an "in-line" rating in a report on Monday, July 13th. Royal Bank Of Canada increased their target price on shares of Sun Life Financial from $98.00 to $119.00 and gave the stock a "sector perform" rating in a research report on Monday, August 10th. Finally, Scotiabank reissued a "sector perform" rating on shares of Sun Life Financial in a report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $98.67.
Check Out Our Latest Analysis on SLF
Sun Life Financial Stock Up 0.8%
The stock's 50-day moving average price is $80.65 and its 200-day moving average price is $74.07. The company has a market capitalization of $49.26 billion, a price-to-earnings ratio of 18.91, a price-to-earnings-growth ratio of 2.00 and a beta of 0.87.
Sun Life Financial (NYSE:SLF - Get Free Report) TSE: SLF last issued its quarterly earnings results on Thursday, August 6th. The financial services provider reported $1.46 earnings per share for the quarter, beating analysts' consensus estimates of $1.39 by $0.07. Sun Life Financial had a net margin of 7.66% and a return on equity of 17.96%. The business had revenue of $10.10 billion during the quarter, compared to analyst estimates of $994.33 million. On average, equities research analysts anticipate that Sun Life Financial Inc. will post 5.74 EPS for the current year.
Sun Life Financial Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Wednesday, August 26th will be paid a $0.96 dividend. This represents a $3.84 annualized dividend and a dividend yield of 4.7%. The ex-dividend date of this dividend is Wednesday, August 26th. Sun Life Financial's dividend payout ratio (DPR) is 64.02%.
Hedge Funds Weigh In On Sun Life Financial
Several large investors have recently made changes to their positions in the company. Bank of Nova Scotia acquired a new stake in shares of Sun Life Financial during the 2nd quarter worth approximately $544,052,000. Norges Bank bought a new stake in shares of Sun Life Financial during the fourth quarter worth approximately $398,037,000. The Manufacturers Life Insurance Company acquired a new position in Sun Life Financial in the second quarter valued at approximately $293,050,000. Canada Pension Plan Investment Board acquired a new position in Sun Life Financial in the second quarter valued at approximately $292,980,000. Finally, Legal & General Group Plc bought a new position in Sun Life Financial in the second quarter valued at approximately $280,312,000. Institutional investors and hedge funds own 52.26% of the company's stock.
Sun Life Financial Company Profile
(
Get Free Report)
Sun Life Financial Inc is a Canada-based financial services company that provides insurance, wealth, and asset management products to individuals, businesses, and institutions. Its offerings include life, health, and dental insurance; retirement and investment solutions; group benefits; and financial planning services.
Through its asset management operations, Sun Life serves institutional and individual investors with investment management and related advisory services. The company also provides workplace benefit and retirement programs designed to support employers and their employees.
Founded in 1865, Sun Life serves customers in Canada, the United States, the United Kingdom, and several markets in Asia.
Further Reading
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