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Sun Life Financial (SLF) Stock Price, News & Analysis

$50.04
+0.51 (+1.03%)
(As of 07/22/2024 ET)
Today's Range
$49.56
$50.10
50-Day Range
$47.40
$51.70
52-Week Range
$44.57
$55.46
Volume
281,520 shs
Average Volume
714,256 shs
Market Capitalization
$29.01 billion
P/E Ratio
12.80
Dividend Yield
4.70%
Price Target
$77.00

Sun Life Financial MarketRank™ Stock Analysis

Analyst Rating
Buy
3.33 Rating Score
Upside/​Downside
53.9% Upside
$77.00 Price Target
Short Interest
Healthy
0.45% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.56
Upright™ Environmental Score
News Sentiment
0.53mentions of Sun Life Financial in the last 14 days
Based on 10 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
8.90%
From $4.83 to $5.26 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.93 out of 5 stars

Finance Sector

21st out of 856 stocks

Life Insurance Industry

7th out of 20 stocks

SLF stock logo

About Sun Life Financial Stock (NYSE:SLF)

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. The company also provides advice for financial planning and retirement planning services; investments products, such as mutual funds, segregated funds, and annuities; and asset and investment management products consisting of pooled funds, institutional portfolios, and pension funds. In addition, it offers real estate services; manages equity capital in various private and listed funds, as well as mezzanine debt, middle market direct lending, high-yield bonds, and syndicated loans; and operates as an investment grade fixed income investor, real estate investment management advisor, infrastructure investment manager, and alternative credit investment manager. The company was formerly known as Sun Life Financial Services of Canada Inc. and changed its name to Sun Life Financial Inc. in July 2003. Sun Life Financial Inc. was founded in 1871 and is headquartered in Toronto, Canada.

SLF Stock Price History

SLF Stock News Headlines

Sun Life Financial: Stock Forecast & Analysis
This AI made her leave her job
This AI trading tool is probably unlike anything you've ever seen before… It scans the entire market and finds hot stocks that you probably have never even heard of… …it recommends the best potential strategy to use on the names it finds (with historical data to prove it)
This AI made her leave her job
This AI trading tool is probably unlike anything you've ever seen before… It scans the entire market and finds hot stocks that you probably have never even heard of… …it recommends the best potential strategy to use on the names it finds (with historical data to prove it)
Sun Life Financial: Not A Great Quarter
Sun Life to host Investor Day in Toronto
See More Headlines
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Company Calendar

Last Earnings
5/09/2024
Ex-Dividend for 6/28 Dividend
5/29/2024
Dividend Payable
6/28/2024
Today
7/22/2024
Next Earnings (Confirmed)
8/12/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Life insurance
Sub-Industry
Insurance
Employees
30,941
Year Founded
1865

Price Target and Rating

Average Stock Price Target
$77.00
High Stock Price Target
$77.00
Low Stock Price Target
$77.00
Potential Upside/Downside
+54.5%
Consensus Rating
Buy
Rating Score (0-4)
3.33
Research Coverage
3 Analysts

Profitability

Net Income
$2.48 billion
Pretax Margin
11.34%

Debt

Sales & Book Value

Annual Sales
$30.20 billion
Cash Flow
$4.85 per share
Book Value
$27.83 per share

Miscellaneous

Free Float
N/A
Market Cap
$28.90 billion
Optionable
Optionable
Beta
0.99

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Should I Buy Sun Life Financial Stock? SLF Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Sun Life Financial Inc.:

  • Sun Life Financial Inc. has a market capitalization of $27.64 billion, indicating a strong position in the market.
  • The company recently increased its quarterly dividend from $0.58 to $0.588, showing a commitment to rewarding shareholders.
  • Analysts forecast Sun Life Financial Inc. to post 4.88 EPS for the current year, indicating potential growth and profitability.
  • Recent analyst reports have upgraded Sun Life Financial to a "strong-buy" rating, suggesting positive sentiment from experts.
  • The stock's 50-day moving average is $50.46, potentially signaling a good entry point for investors.

Cons

Investors should be bearish about investing in Sun Life Financial Inc. for these reasons:

  • Sun Life Financial Inc. reported earnings per share of $1.11 for the quarter, missing the consensus estimate of $1.20, indicating potential challenges in meeting expectations.
  • The company had revenue of $5.10 billion during the quarter, compared to the consensus estimate of $7.25 billion, potentially raising concerns about revenue growth.
  • The stock's 200-day moving average is $51.84, which may indicate a longer-term downward trend.
  • The dividend payout ratio of Sun Life Financial Inc. is currently 60.10%, which could limit future dividend growth or reinvestment in the business.
  • Jefferies Financial Group initiated coverage on Sun Life Financial with a "buy" rating, which may not align with all investors' risk profiles or strategies.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, July 7, 2024. Please send any questions or comments about these Sun Life Financial pros and cons to contact@marketbeat.com.

SLF Stock Analysis - Frequently Asked Questions

How have SLF shares performed this year?

Sun Life Financial's stock was trading at $51.86 at the start of the year. Since then, SLF shares have decreased by 3.5% and is now trading at $50.0450.
View the best growth stocks for 2024 here
.

How were Sun Life Financial's earnings last quarter?

Sun Life Financial Inc. (NYSE:SLF) announced its quarterly earnings data on Thursday, May, 9th. The financial services provider reported $1.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by $0.09. The financial services provider had revenue of $5.10 billion for the quarter, compared to analyst estimates of $7.25 billion. Sun Life Financial had a net margin of 8.94% and a trailing twelve-month return on equity of 16.97%.

What is Dean Connor's approval rating as Sun Life Financial's CEO?

58 employees have rated Sun Life Financial Chief Executive Officer Dean Connor on Glassdoor.com. Dean Connor has an approval rating of 99% among the company's employees. This puts Dean Connor in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Does Sun Life Financial have any subsidiaries?

The following companies are subsidiaries of Sun Life Financial: Maxwell Health, 0936543 BC Ltd., 10458465 Canada Inc., 10458481 Canada Inc., 3060097 Nova Scotia Company, 6324983 Canada Inc., 6425411 Canada Inc., and more.

Who are Sun Life Financial's major shareholders?

Sun Life Financial's top institutional investors include Value Partners Investments Inc. (0.25%), QV Investors Inc. (0.21%), Cardinal Capital Management Inc. (0.15%) and Addenda Capital Inc. (0.03%).
View institutional ownership trends
.

How do I buy shares of Sun Life Financial?

Shares of SLF stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Sun Life Financial own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Sun Life Financial investors own include AT&T (T), Energy Transfer (ET), Verizon Communications (VZ), Pfizer (PFE), Bank of America (BAC), Manulife Financial (MFC) and Johnson & Johnson (JNJ).

This page (NYSE:SLF) was last updated on 7/22/2024 by MarketBeat.com Staff

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