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

Company Overview

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.

Key Stats

• Today's Range: $56.27 to $56.81
• 50-Day Range: $50.97 to $58.31
• 52-Week Range: $44.57 to $58.51
• Volume: 224,227 shs
• Average Volume: 664,847 shs
• Market Capitalization: $32.66 billion
• P/E Ratio: 14.60
• Dividend Yield: 4.15%
• Price Target: N/A
• Consensus Rating: Buy

Sun Life Financial Stock Analysis - MarketRank™

Sun Life Financial scored higher than 81% of companies evaluated by MarketBeat, and ranked 265th out of 894 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: N/A
• Analyst Rating: N/A

Consensus Rating

There is not enough analysis data for Sun Life Financial.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 9.84%

Earnings Growth

Earnings for Sun Life Financial are expected to grow by 9.84% in the coming year, from $4.88 to $5.36 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Sun Life Financial is 14.60, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 131.07.

Price to Earnings Ratio vs. Sector

The P/E ratio of Sun Life Financial is 14.60, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 49.15.

Price to Earnings Growth Ratio

Sun Life Financial has a PEG Ratio of 1.46. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Sun Life Financial has a P/B Ratio of 2.04. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

0.33% of the float of Sun Life Financial has been sold short.

Short Interest Ratio / Days to Cover

Sun Life Financial has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Sun Life Financial has recently decreased by 63.13%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Leadership

Sun Life Financial is a leading dividend payer. It pays a dividend yield of 4.11%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Sun Life Financial does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Sun Life Financial is 60.57%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Sun Life Financial will have a dividend payout ratio of 43.84% next year. This indicates that Sun Life Financial will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 3.2 / 5
• Environmental Score: -0.56

Percentage of Shares Shorted

0.33% of the float of Sun Life Financial has been sold short.

Short Interest Ratio / Days to Cover

Sun Life Financial has a short interest ratio ("days to cover") of 3.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Sun Life Financial has recently decreased by 63.13%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 1.9 / 5
• News Sentiment: 0.43

News Sentiment

Sun Life Financial has a news sentiment score of 0.43. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.57 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Sun Life Financial this week, compared to 5 articles on an average week.

Search Interest

Only 12 people have searched for SLF on MarketBeat in the last 30 days. This is a decrease of -8% compared to the previous 30 days.

MarketBeat Follows

3 people have added Sun Life Financial to their MarketBeat watchlist in the last 30 days. This is an increase of 50% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Sun Life Financial insiders have not sold or bought any company stock.

Percentage Held by Institutions

52.26% of the stock of Sun Life Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

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 stock has increased by 9.3% and is now trading at $56.66.
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 earnings results on Monday, August, 12th. The financial services provider reported $1.25 EPS for the quarter, topping analysts' consensus estimates of $1.18 by $0.07. The financial services provider had revenue of $6.52 billion for the quarter, compared to analyst estimates of $6.72 billion. Sun Life Financial had a trailing twelve-month return on equity of 17.47% and a net margin of 8.60%.

Does Sun Life Financial have any subsidiaries?

Sun Life Financial subsidiaries include these companies: Maxwell Health, 0936543 BC Ltd., 10458465 Canada Inc., 10458481 Canada Inc., 3060097 Nova Scotia Company, 6324983 Canada Inc., 6425411 Canada Inc., and others.

Who are Sun Life Financial's major shareholders?

Top institutional shareholders of Sun Life Financial include QV Investors Inc. (0.21%), Value Partners Investments Inc. (0.20%), Cardinal Capital Management Inc. (0.15%) and Symphony Financial Ltd. Co. (0.01%).
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 NVIDIA (NVDA), Meta Platforms (META), Broadcom (AVGO), General Electric (GE), Adobe (ADBE), Arista Networks (ANET) and Jabil (JBL).

Company Calendar

• Last Earnings: 8/12/2024
• Ex-Dividend for 9/27 Dividend: 8/28/2024
• Dividend Payable: 9/27/2024
• Today: 10/22/2024
• Next Earnings (Confirmed): 11/04/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Life insurance
• Sub-Industry: Insurance
• Current Symbol: NYSE:SLF
• CUSIP: N/A
• CIK: 1097362
• Web: www.sunlife.com
• Phone: (416) 979-9966
• Fax: 416-979-3209
• Employees: 30,941
• Year Founded: 1865

Profitability

• EPS (Most Recent Fiscal Year): $3.88
• Trailing P/E Ratio: 14.55
• Forward P/E Ratio: 11.57
• P/E Growth: 1.46
• Net Income: $2.48 billion
• Net Margins: 8.60%
• Pretax Margin: 11.08%
• Return on Equity: 17.47%
• Return on Assets: 1.16%

Debt

• Debt-to-Equity Ratio: 0.32
• Current Ratio: N/A
• Quick Ratio: N/A

Sales & Book Value

• Annual Sales: $30.20 billion
• Price / Sales: 1.08
• Cash Flow: $4.77 per share
• Price / Cash Flow: 11.84
• Book Value: $27.83 per share
• Price / Book: 2.03

Miscellaneous

• Outstanding Shares: 576,490,000
• Free Float: N/A
• Market Cap: $32.55 billion
• Optionable: Optionable
• Beta: 1.00