Sun Life Financial Inc. (TSE:SLF - Free Report) NYSE: SLF - Investment analysts at Cormark raised their Q1 2024 earnings per share estimates for shares of Sun Life Financial in a research note issued on Thursday, April 25th. Cormark analyst L. Persaud now anticipates that the financial services provider will post earnings of $1.63 per share for the quarter, up from their prior estimate of $1.61. The consensus estimate for Sun Life Financial's current full-year earnings is $6.90 per share.
Other equities analysts have also issued reports about the company. BMO Capital Markets boosted their price target on Sun Life Financial from C$70.00 to C$80.00 and gave the stock an "outperform" rating in a research report on Thursday, January 25th. Royal Bank of Canada boosted their price target on Sun Life Financial from C$76.00 to C$77.00 and gave the stock an "outperform" rating in a research report on Friday, February 9th. TD Securities boosted their price target on Sun Life Financial from C$73.00 to C$75.00 and gave the stock a "hold" rating in a research report on Friday, April 12th. Scotiabank boosted their price target on Sun Life Financial from C$75.00 to C$76.00 in a research report on Tuesday, February 6th. Finally, National Bankshares boosted their price target on Sun Life Financial from C$72.00 to C$73.00 and gave the stock a "sector perform" rating in a research report on Friday. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of C$76.91.
Check Out Our Latest Stock Report on SLF
Sun Life Financial Trading Up 0.8 %
Shares of TSE:SLF traded up C$0.53 during trading on Friday, reaching C$70.67. 881,265 shares of the stock were exchanged, compared to its average volume of 1,817,403. The company has a debt-to-equity ratio of 78.47, a quick ratio of 84,866.00 and a current ratio of 6.81. Sun Life Financial has a 12-month low of C$61.84 and a 12-month high of C$74.94. The firm has a market cap of C$41.16 billion, a price-to-earnings ratio of 13.44, a price-to-earnings-growth ratio of 1.25 and a beta of 0.96. The firm's 50-day moving average price is C$72.60 and its 200 day moving average price is C$69.60.
Sun Life Financial (TSE:SLF - Get Free Report) NYSE: SLF last issued its earnings results on Wednesday, February 7th. The financial services provider reported C$1.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of C$1.59 by C$0.09. Sun Life Financial had a return on equity of 13.98% and a net margin of 10.26%. The business had revenue of C$18.68 billion during the quarter.
Sun Life Financial Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Wednesday, February 28th were given a $0.78 dividend. This represents a $3.12 dividend on an annualized basis and a dividend yield of 4.41%. This is a positive change from Sun Life Financial's previous quarterly dividend of $0.75. The ex-dividend date was Tuesday, February 27th. Sun Life Financial's dividend payout ratio is presently 59.32%.
Insider Buying and Selling at Sun Life Financial
In other Sun Life Financial news, Senior Officer Daniel Fishbein sold 16,000 shares of the company's stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of C$74.45, for a total value of C$1,191,120.00. 0.03% of the stock is currently owned by corporate insiders.
About Sun Life Financial
(
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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.
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