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S&P 500   5,011.12
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What's Driving Tesla Lower Ahead of its Earnings?
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S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
What's Driving Tesla Lower Ahead of its Earnings?
Stock market today: Asian markets sink, with Japan’s Nikkei down 3.5%, as Mideast tensions flare
How major US stock indexes fared Thursday, 4/18/2024
3 Steel Stocks Could Soar on New China Tariffs
CSX Co.: The Railroad Powering Ahead with an Earnings Beat
'There is no time to waste': EU leaders want to boost competitiveness to close gap with US and China
These are the Top 4 Stocks for Buybacks in 2024
S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
What's Driving Tesla Lower Ahead of its Earnings?
Stock market today: Asian markets sink, with Japan’s Nikkei down 3.5%, as Mideast tensions flare
How major US stock indexes fared Thursday, 4/18/2024
3 Steel Stocks Could Soar on New China Tariffs
CSX Co.: The Railroad Powering Ahead with an Earnings Beat
'There is no time to waste': EU leaders want to boost competitiveness to close gap with US and China
These are the Top 4 Stocks for Buybacks in 2024
NYSE:SLF

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

$50.68
+0.47 (+0.94%)
(As of 04/18/2024 ET)
Today's Range
$50.27
$50.83
50-Day Range
$50.22
$55.17
52-Week Range
$44.57
$55.46
Volume
338,723 shs
Average Volume
615,355 shs
Market Capitalization
$29.52 billion
P/E Ratio
13.06
Dividend Yield
4.58%
Price Target
$77.00

Sun Life Financial MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
51.9% Upside
$77.00 Price Target
Short Interest
Healthy
0.34% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.56
Upright™ Environmental Score
News Sentiment
1.08mentions of Sun Life Financial in the last 14 days
Based on 3 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
6.92%
From $5.06 to $5.41 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.

4.81 out of 5 stars

Finance Sector

75th out of 822 stocks

Life Insurance Industry

8th 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

Candyverse Announces Appointment of New Director
The “Perfect Storm” for Gold
Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.
Sun Life Financial names Timothy Deacon as CFO
Sun Life Financial Names Timothy Deacon CFO, Succeeding Manjit Singh
The “Perfect Storm” for Gold
Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.
Why Sun Life (SLF) is a Top Value Stock for the Long-Term
See More Headlines
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Company Calendar

Last Earnings
2/07/2024
Ex-Dividend for 3/28 Dividend
2/27/2024
Dividend Payable
3/28/2024
Today
4/19/2024
Next Earnings (Confirmed)
5/09/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Life insurance
Sub-Industry
N/A
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
+51.9%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$2.48 billion
Pretax Margin
9.64%

Debt

Sales & Book Value

Annual Sales
$30.20 billion
Cash Flow
$4.86 per share
Book Value
$27.83 per share

Miscellaneous

Free Float
N/A
Market Cap
$29.52 billion
Optionable
Optionable
Beta
1.01

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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. reported a strong EPS of $1.23 for the last quarter, beating the consensus estimate by $0.06. This indicates a solid financial performance.
  • The company has a diverse range of insurance products, including term and permanent life, personal health, critical illness, long-term care, and disability, providing stability and revenue streams from multiple sources.
  • Vanguard Group Inc., a reputable institutional investor, increased its stake in Sun Life Financial Inc., showing confidence in the company's growth potential.
  • Sun Life Financial Inc. has a market capitalization of $32.20 billion, indicating its size and stability in the market.
  • The company operates in multiple segments globally, including Canada, the U.S., and Asia, diversifying its revenue sources and reducing geographical risk.

Cons

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

  • The stock price of Sun Life Financial Inc. has a beta of 1.01, indicating a moderate correlation with the market volatility, which may pose risks during turbulent market conditions.
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 Thursday, April 11, 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

Should I buy or sell Sun Life Financial stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Sun Life Financial in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" SLF shares.
View SLF analyst ratings
or view top-rated stocks.

What is Sun Life Financial's stock price target for 2024?

3 brokerages have issued 1-year target prices for Sun Life Financial's stock. Their SLF share price targets range from $77.00 to $77.00. On average, they predict the company's share price to reach $77.00 in the next year. This suggests a possible upside of 51.9% from the stock's current price.
View analysts price targets for SLF
or view top-rated stocks among Wall Street analysts.

How have SLF shares performed in 2024?

Sun Life Financial's stock was trading at $51.86 at the beginning of the year. Since then, SLF stock has decreased by 2.3% and is now trading at $50.68.
View the best growth stocks for 2024 here
.

Are investors shorting Sun Life Financial?

Sun Life Financial saw a decrease in short interest in the month of March. As of March 31st, there was short interest totaling 1,990,000 shares, a decrease of 50.7% from the March 15th total of 4,040,000 shares. Based on an average daily volume of 615,100 shares, the days-to-cover ratio is currently 3.2 days. Currently, 0.3% of the shares of the company are sold short.
View Sun Life Financial's Short Interest
.

When is Sun Life Financial's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 9th 2024.
View our SLF earnings forecast
.

How can I listen to Sun Life Financial's earnings call?

Sun Life Financial will be holding an earnings conference call on Friday, May 10th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Sun Life Financial's earnings last quarter?

Sun Life Financial Inc. (NYSE:SLF) released its quarterly earnings data on Wednesday, February, 7th. The financial services provider reported $1.23 earnings per share for the quarter, topping the consensus estimate of $1.17 by $0.06. The financial services provider earned $13.73 billion during the quarter. Sun Life Financial had a trailing twelve-month return on equity of 17.30% and a net margin of 7.79%.

How often does Sun Life Financial pay dividends? What is the dividend yield for Sun Life Financial?

Sun Life Financial declared a quarterly dividend on Wednesday, February 7th. Investors of record on Wednesday, February 28th will be paid a dividend of $0.581 per share on Thursday, March 28th. This represents a $2.32 annualized dividend and a dividend yield of 4.59%. The ex-dividend date of this dividend is Tuesday, February 27th. This is a positive change from the stock's previous quarterly dividend of $0.56.
Read our dividend analysis for SLF
.

Is Sun Life Financial a good dividend stock?

Sun Life Financial (NYSE:SLF) pays an annual dividend of $2.32 per share and currently has a dividend yield of 4.62%. SLF has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 59.79%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SLF will have a dividend payout ratio of 42.88% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for SLF.

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.

What other stocks do shareholders of Sun Life Financial own?

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

Who are Sun Life Financial's major shareholders?

Sun Life Financial's stock is owned by many different retail and institutional investors. Top institutional shareholders include Cardinal Capital Management Inc. (0.13%), Addenda Capital Inc. (0.03%), Symphony Financial Ltd. Co. (0.01%), MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH (0.01%), Park Avenue Securities LLC (0.00%) and ST Germain D J Co. Inc. (0.00%).
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.

Does Sun Life Financial have any subsidiaries?
The following companies are subsidiares of Sun Life Financial: 0936543 BC Ltd., 10458465 Canada Inc., 10458481 Canada Inc., 3060097 Nova Scotia Company, 6324983 Canada Inc., 6425411 Canada Inc., 6965083 Canada Inc., 7037457 Canada Inc., 7647913 Canada Inc., 7647930 Canada Inc., Aditya Birla Sun Life AMC Limited, Aditya Birla Sun Life Insurance Company Limited, Annemasse Boisbriand Holdings L.P., BK Canada Holdings Inc., BK Prime GP Holdco Inc., BKC Capital Inc., BKCB Services Ltd., BKCG Services Ltd., BKCP Residential G.P. LTD., BKCP Residential Limited Partnership Manitoba, BKCP Retail G.P. LTD., BKCP Retail Limited Partnership Manitoba, BKCP SS G.P. LTD., BKCP SS Limited Partnership Manitoba, BKUS Institutional Logistics Coinvestment LLC California, Barnwood Properties Limited, Bentall Kennedy (Canada) G.P. Ltd., Bentall Kennedy (Canada) Limited Partnership, Bentall Kennedy (U.S.) G.P. LLC, Bentall Kennedy (U.S.) Limited Partnership, Bentall Kennedy Holdings LLC, Bentall Kennedy Luxembourg Holdings Ltd., Bentall Property Services (Ontario) Ltd., BestServe Financial Limited, Country Lane Enterprises Ltd., Dental Health Alliance, Denticare of Alabama, Disability Reinsurance Management Services, Independence Life and Annuity Company, Kennedy Management Investors LLC, Landmark Dental Alliance, Laurtrust Limited, MFS Bermuda Holdings Ltd., MFS Development Funds, MFS Exchange LLC, MFS Financial Management Consulting (Shanghai) Co, MFS Fund Distributors, MFS Heritage Trust Company, MFS Institutional Advisors, MFS International (Chile) SpA, MFS International (Hong Kong) Limited, MFS International (U.K.) Limited, MFS International Australia Pty Ltd Victoria, MFS International Holdings Pty Ltd, MFS International Ltd., MFS International Singapore Pte. Ltd., MFS International Switzerland GmbH, MFS Investment Management Canada Limited, MFS Investment Management Company (LUX) S.a.r.l., MFS Investment Management K.K., MFS Service Center, MFS do Brasil Desenvolvimento de Mercado Ltda., Massachusetts Financial Services Company, Maxwell Health, NewTower Management GP LLC, NewTower Management LLC, NewTower Trust Company, PT. Sun Life Financial, PT. Sun Life Indonesia Services, Prime Advisors, Professional Insurance Company Texas, Rushmore Partners LLC, Ryan Labs Asset Management Inc., Ryan Labs Fund Management, Ryan Labs TIPS Partners, SL Finance 2007-1, SL Investment 2007-1 ULC, SL Investment US-RE Holdings 2009-1, SLF of Canada UK Limited, SLFC Services Company (UK) Limited, SLI General Partner Limited, SLI Investments LP Manitoba, Solidify Software, Sun 521, Sun Canada Financial Co., Sun Life (India) AMC Investments Inc., Sun Life (India) Distribution Investments Inc., Sun Life (Luxembourg) Finance No. 1 Sarl, Sun Life (Luxembourg) Finance No. 2 Sarl, Sun Life 2007-1 Financing Corp., Sun Life Administrators (U.S.), Sun Life Asset Management (HK) Limited, Sun Life Asset Management Company, Sun Life Assurance Company of Canada, Sun Life Assurance Company of Canada (Barbados) Limited, Sun Life Assurance Company of Canada (U.K.) Limited, Sun Life Assurance Company of Canada - U.S. Operations Holdings, Sun Life Capital Trust, Sun Life Capital Trust II, Sun Life Everbright Life Insurance Company Limited Tianjin, Sun Life Financial (Bermuda) Reinsurance Ltd., Sun Life Financial (India) Insurance Investments Inc., Sun Life Financial (Japan), Sun Life Financial (U.S.) Finance, Sun Life Financial (U.S.) Finance, Sun Life Financial (U.S.) Holdings, Sun Life Financial (U.S.) Investments LLC, Sun Life Financial (U.S.) Reinsurance Company, Sun Life Financial (U.S.) Reinsurance Company II, Sun Life Financial (U.S.) Services Company, Sun Life Financial Advisory Inc., Sun Life Financial Asia Services Limited, Sun Life Financial Distributors, Sun Life Financial Distributors (Bermuda) Ltd., Sun Life Financial Distributors (Canada) Inc., Sun Life Financial Holdings (HK) Limited, Sun Life Financial International Holdings (MC), Sun Life Financial Investment Services (Canada) Inc., Sun Life Financial Investments (Bermuda) Ltd., Sun Life Financial Philippine Holding Company, Sun Life Financial Plans, Sun Life Financial Trust Inc., Sun Life Financial of Canada (U.K.) Overseas Investments Limited, Sun Life Global Investments (Canada) Inc., Sun Life Global Investments Inc., Sun Life Grepa Financial, Sun Life Hong Kong Limited, Sun Life Hong Kong Services Limited, Sun Life India Service Centre Private Limited, Sun Life Information Services, Sun Life Information Services Ireland Limited, Sun Life Institutional Distributors (U.S.) LLC, Sun Life Institutional Investments (Canada) Inc., Sun Life Institutional Investments (U.S.) LLC, Sun Life Insurance (Canada) Limited, Sun Life Investment Holdings (HK) Limited, Sun Life Investment Management U.S., Sun Life Investments LLC, Sun Life Malaysia Assurance Berhad, Sun Life Malaysia Takaful Berhad, Sun Life Management Holdings (HK) Limited, Sun Life Pension Trust Limited, Sun Life Trustee Company Limited, Sun Life Vietnam Insurance Company Limited, Sun Life and Health Insurance Company (U.S.), Sun Life of Canada (Netherlands) B.V., Sun Life of Canada (Philippines), Sun Life of Canada (U.S.) Financial Services Holdings, Sun Life of Canada (U.S.) Holdings, Sun Life of Canada International Assurance Limited, Sun Life of Canada UK Holdings Limited, SynchroSERV Inc., SynchroSERV Limited Partnership, The Premier Dental Group, UDC Dental, Union Security DentalCare of Georgia, Union Security DentalCare of New Jersey, United Dental Care of Arizona, United Dental Care of Colorado, United Dental Care of Michigan, United Dental Care of Missouri, United Dental Care of New Mexico, United Dental Care of Texas, United Dental Care of Utah, and Vuzion.
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This page (NYSE:SLF) was last updated on 4/19/2024 by MarketBeat.com Staff

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