Sun Life Financial Inc. (TSE:SLF - Free Report) NYSE: SLF - Investment analysts at Cormark reduced their FY2024 earnings per share estimates for shares of Sun Life Financial in a report released on Thursday, April 25th. Cormark analyst L. Persaud now expects that the financial services provider will post earnings per share of $6.90 for the year, down from their prior estimate of $6.97. The consensus estimate for Sun Life Financial's current full-year earnings is $6.90 per share. Cormark also issued estimates for Sun Life Financial's FY2025 earnings at $7.37 EPS.
Several other equities analysts also recently weighed in on SLF. CIBC lifted their target price on Sun Life Financial from C$75.00 to C$77.00 and gave the company an "outperform" rating in a research report on Friday, February 9th. National Bankshares boosted their price objective on Sun Life Financial from C$72.00 to C$73.00 and gave the company a "sector perform" rating in a research report on Friday. BMO Capital Markets boosted their price objective on Sun Life Financial from C$70.00 to C$80.00 and gave the company an "outperform" rating in a research report on Thursday, January 25th. Scotiabank boosted their price objective on Sun Life Financial from C$75.00 to C$76.00 in a research report on Tuesday, February 6th. Finally, Desjardins boosted their price objective on Sun Life Financial from C$75.00 to C$77.00 and gave the company a "buy" rating in a research report on Friday, February 9th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of C$76.91.
View Our Latest Analysis on SLF
Sun Life Financial Stock Performance
Shares of SLF stock traded down C$0.15 on Monday, reaching C$70.52. The stock had a trading volume of 1,435,477 shares, compared to its average volume of 1,812,801. The stock has a market cap of C$41.08 billion, a P/E ratio of 13.41, a price-to-earnings-growth ratio of 1.25 and a beta of 0.96. 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. The company has a 50 day simple moving average of C$72.55 and a 200 day simple moving average of C$69.66. Sun Life Financial has a 1 year low of C$61.84 and a 1 year high of C$74.94.
Sun Life Financial (TSE:SLF - Get Free Report) NYSE: SLF last released its quarterly 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. The firm had revenue of C$18.68 billion for the quarter. Sun Life Financial had a return on equity of 13.98% and a net margin of 10.26%.
Insider Transactions at Sun Life Financial
In other Sun Life Financial news, Senior Officer Daniel Fishbein sold 16,000 shares of the business'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 transaction of C$1,191,120.00. Insiders own 0.03% of the company's stock.
Sun Life Financial Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Wednesday, February 28th were issued a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 4.42%. This is a boost from Sun Life Financial's previous quarterly dividend of $0.75. The ex-dividend date was Tuesday, February 27th. Sun Life Financial's payout ratio is 59.32%.
About Sun Life Financial
(
Get Free Report)
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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