NYSE:SLF

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

$46.97

-0.86 (-1.80%)

(As of 10/3/2023 ET)

Compare

Today's Range: $46.55
▼
$47.66
50-Day Range: $46.91
▼
$52.73
52-Week Range: $37.96
▼
$53.21

Volume: 573,844 shs
Average Volume: 630,178 shs
Market Capitalization: $30.02 billion

P/E Ratio: 12.90
Dividend Yield: 4.83%
Price Target: $72.89

Sun Life Financial MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.67 Rating Score
Upside/Downside: 55.2% Upside
$72.89 Price Target
Short Interest: Healthy
0.89% of Float Sold Short
Dividend Strength: Strong
Based on Four Factors
Sustainability: -0.56
Upright™ Environmental Score
News Sentiment: 1.45
Based on 4 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 7.87%
From $4.70 to $5.07 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.99 out of 5 stars

Finance Sector

120th out of 868 stocks

Life Insurance Industry

6th out of 22 stocks

3.3

Analyst's Opinion

Consensus Rating
Sun Life Financial has received a consensus rating of Moderate Buy. The company's average rating score is 2.67, and is based on 2 buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $72.89, Sun Life Financial has a forecasted upside of 55.2% from its current price of $46.97.
Amount of Analyst Coverage
Sun Life Financial has only been the subject of 1 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
0.89% 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 9.4.
Change versus previous month
Short interest in Sun Life Financial has recently decreased by 41.19%, indicating that investor sentiment is improving significantly.

3.3

Dividend Strength

Dividend Leadership
Sun Life Financial is a leading dividend payer. It pays a dividend yield of 4.75%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Sun Life Financial has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Sun Life Financial is 62.36%. 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 44.77% next year. This indicates that Sun Life Financial will be able to sustain or increase its dividend.

3.2

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Sun Life Financial has received a 33.15% net impact score from Upright. The largest positive contribution comes from its "Societal infrastructure" impact, which is mostly driven by its "Pension funding services", "Life insurance services for individuals", and "Real estate funds" products. See details.
Environmental Sustainability
The Environmental Impact score for Sun Life Financial is -0.56.

3.6

News and Social Media Coverage

News Sentiment
Sun Life Financial has a news sentiment score of 1.45. 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 higher news sentiment than the 0.67 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 4 news articles for Sun Life Financial this week, compared to 3 articles on an average week.
Search Interest
11 people have searched for SLF on MarketBeat in the last 30 days. This is an increase of 38% compared to the previous 30 days.
MarketBeat Follows
Only 1 people have added Sun Life Financial to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% compared to the previous 30 days.

0.8

Company Ownership

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
44.96% 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.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Sun Life Financial are expected to grow by 7.87% in the coming year, from $4.70 to $5.07 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Sun Life Financial is 12.90, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 111.58.
Price to Earnings Ratio vs. Sector
The P/E ratio of Sun Life Financial is 12.90, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 61.04.
Price to Earnings Growth Ratio
Sun Life Financial has a PEG Ratio of 1.27. 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 1.44. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Sun Life Financial (NYSE:SLF) Stock

Sun Life Financial Inc., a financial services company, provides savings, retirement, and pension products worldwide. It offers term and permanent life, as well as personal health, dental, critical illness, long-term care, and disability insurance products. The company provides financial advice, asset management, and investments related products. It is also involved in mutual fund and investment management businesses. Sun Life Financial Inc was founded in 1871 and is headquartered in Toronto, Canada.

SLF Price History

30 days | 90 days | 365 days | Advanced Chart

SLF Stock News Headlines

September 22, 2023 | msn.com

Sun Life Financial: A Good Stock for Most Investors

September 20, 2023 | finance.yahoo.com

Sun Life U.S. and Royals Charities team up for #StrikeoutDiabetes with $50,000 donation to Boys & Girls Clubs of Greater Kansas City

October 4, 2023 | Edge On The Street (Ad)

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September 19, 2023 | finance.yahoo.com

Sun Life U.S. Applauds Senate Committee Members For Bipartisan Agreement On Key Healthcare Workforce Legislation

September 14, 2023 | finance.yahoo.com

Sun Life U.S. named a Top Workplace by the Hartford Courant for third consecutive year

September 11, 2023 | marketwatch.com

Sun Life Financial Inc. stock rises Monday, outperforms market

September 7, 2023 | finance.yahoo.com

Sun Life (SLF) Down 3% Since Last Earnings Report: Can It Rebound?

September 6, 2023 | finance.yahoo.com

Canada Awards Sun Life $11 Million Contract to Begin Work on National Dental-Care Plan

October 4, 2023 | Edge On The Street (Ad)

The Strategic Gold Play You Haven't Heard About

August 24, 2023 | benzinga.com

Monday Is Your Last Chance To Buy Sun Life Financial Before The Dividend Payout

August 9, 2023 | theglobeandmail.com

Sun Life reports higher second-quarter profit

August 9, 2023 | theglobeandmail.com

Sun Life profit surge driven in part by Asian economic recovery

August 9, 2023 | seekingalpha.com

Sun Life Financial Inc. 2023 Q2 - Results - Earnings Call Presentation

August 9, 2023 | finanznachrichten.de

Sun Life Financial Inc.: Sun Life Reports Second Quarter 2023 Results

August 9, 2023 | finance.yahoo.com

Sun Life Profit Jumps on Asia Insurance Growth, US Acquisition

August 8, 2023 | ca.finance.yahoo.com

Sun Life Reports Second Quarter 2023 Results

August 8, 2023 | msn.com

Canadian insurer Sun Life reports higher second-quarter profit

August 8, 2023 | finance.yahoo.com

Sun Life Announces Intention to Launch Normal Course Issuer Bid

July 27, 2023 | markets.businessinsider.com

RBC Capital Keeps Their Buy Rating on Sun Life Financial (SLF)

July 25, 2023 | finance.yahoo.com

Sun Life hosts second quarter 2023 earnings conference call

July 20, 2023 | finance.yahoo.com

Q2 Earnings Season Scorecard and Analyst Reports for TJX Companies, MSCI & Others

July 6, 2023 | finance.yahoo.com

Independence Blue Cross and Sun Life announce new Stop Loss insurance collaboration

June 27, 2023 | finance.yahoo.com

Sun Life announces second Sustainability Bond Offering

June 26, 2023 | finance.yahoo.com

Sun Life's Rowena Chan named one of Insurance Business Canada's 2023 Elite Women

June 26, 2023 | finance.yahoo.com

Living healthier lives - Sun Life Health introduces new online pharmacy app

June 22, 2023 | msn.com

If You’d Invested $5,000 in Sun Life Stock in 2010, Here’s How Much You’d Have Today

June 22, 2023 | finance.yahoo.com

NIA and Sun Life Embark on New Research Partnership to Improve Financial Security for Older Canadians

See More Headlines

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SLF Company Calendar

Last Earnings: 8/08/2023
Ex-Dividend for 9/29 Dividend: 8/29/2023
Dividend Payable: 9/29/2023
Today: 10/04/2023
Next Earnings (Estimated): 11/01/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Life insurance
Sub-Industry: N/A
Sector: Finance
Current Symbol: NYSE:SLF
CUSIP: N/A
CIK: 1097362
Web: www.sunlife.com
Phone: (416) 979-9966
Fax: 416-979-3209
Employees: 29,169
Year Founded: 1865

Price Target and Rating

Average Stock Price Forecast: $72.89
High Stock Price Forecast: $77.00
Low Stock Price Forecast: $65.00
Forecasted Upside/Downside: +55.2%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.67
Research Coverage: 3 Analysts

Profitability

EPS (Most Recent Fiscal Year): $3.64
Trailing P/E Ratio: 12.90
Forward P/E Ratio: 9.99
P/E Growth: 1.3
Net Income: $2.50 billion
Net Margins: 7.28%
Pretax Margin: 9.09%
Return on Equity: 15.10%
Return on Assets: 1.16%

Debt

Debt-to-Equity Ratio: 0.30
Current Ratio: N/A
Quick Ratio: N/A

Sales & Book Value

Annual Sales: $17.94 billion
Price / Sales: 1.67
Cash Flow: $4.34 per share
Price / Cash Flow: 10.82
Book Value: $32.69 per share
Price / Book: 1.44

Miscellaneous

Outstanding Shares: 639,140,000
Free Float: N/A
Market Cap: $30.02 billion
Optionable: Optionable
Beta: 1.01

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Key Executives

Mr. Kevin David Strain C.A. (Age 57)
CPA, Pres, CEO & Director
Comp: $2M

Mr. Manjit Singh C.A.
CPA, Exec. VP & CFO

Mr. Stephen Clarkson Peacher CFA (Age 59)
Pres of SLC Management
Comp: $2.53M

Mr. Daniel Richard Fishbein
Pres of Sun Life U.S.

Mr. Jacques Goulet Jr. (Age 57)
Pres of Sun Life Canada
Comp: $1.16M

Ms. Laura Ann Money
Exec. VP and Chief Information & Technology Innovation Officer

Mr. David Garg
Sr. VP of Capital Management & Investor Relations

Ms. Melissa Jane Kennedy (Age 60)
Exec. VP and Chief Legal Officer & Public Policy Officer

Ms. Anne C. Sonnen
Sr. VP & Chief Compliance Officer

Aishling Cullen
VP of Corp. Communications

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

SLF Stock - 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 1 hold rating and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" SLF shares.
View SLF analyst ratings or view top-rated stocks.
What is Sun Life Financial's stock price forecast for 2023?: 3 Wall Street research analysts have issued 1-year price objectives for Sun Life Financial's shares. Their SLF share price forecasts range from $65.00 to $77.00. On average, they expect the company's stock price to reach $72.89 in the next year. This suggests a possible upside of 55.2% 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 2023?: Sun Life Financial's stock was trading at $46.42 at the start of the year. Since then, SLF stock has increased by 1.2% and is now trading at $46.97.
View the best growth stocks for 2023 here.
Are investors shorting Sun Life Financial?: Sun Life Financial saw a decline in short interest in the month of September. As of September 15th, there was short interest totaling 5,240,000 shares, a decline of 41.2% from the August 31st total of 8,910,000 shares. Based on an average daily volume of 554,500 shares, the days-to-cover ratio is presently 9.4 days. Approximately 0.9% of the company's stock 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 Wednesday, November 1st 2023.
View our SLF earnings forecast.
How were Sun Life Financial's earnings last quarter?: Sun Life Financial Inc. (NYSE:SLF) announced its quarterly earnings data on Tuesday, August, 8th. The financial services provider reported $1.17 EPS for the quarter, meeting the consensus estimate of $1.17. The financial services provider had revenue of $5.71 billion for the quarter. Sun Life Financial had a net margin of 7.28% and a trailing twelve-month return on equity of 15.10%.
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 Tuesday, August 8th. Investors of record on Wednesday, August 30th will be given a dividend of $0.566 per share on Friday, September 29th. This represents a $2.26 annualized dividend and a yield of 4.82%. The ex-dividend date is Tuesday, August 29th. This is an increase from the stock's previous quarterly dividend of $0.55.
Read our dividend analysis for SLF.
Is Sun Life Financial a good dividend stock?: Sun Life Financial (NYSE:SLF) pays an annual dividend of $2.27 per share and currently has a dividend yield of 4.66%. 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 62.36%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SLF will have a dividend payout ratio of 44.77% 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).
What is Sun Life Financial's stock symbol?: Sun Life Financial trades on the New York Stock Exchange (NYSE) under the ticker symbol "SLF."
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Sun Life Financial's stock price today?: One share of SLF stock can currently be purchased for approximately $46.97.
How much money does Sun Life Financial make?: Sun Life Financial (NYSE:SLF) has a market capitalization of $30.02 billion and generates $17.94 billion in revenue each year. The financial services provider earns $2.50 billion in net income (profit) each year or $3.64 on an earnings per share basis.
How many employees does Sun Life Financial have?: The company employs 29,169 workers across the globe.
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.
Read More
How can I contact Sun Life Financial?: Sun Life Financial's mailing address is 1 YORK STREET 31ST FLOOR, TORONTO A6, M5J 0B6. The official website for the company is www.sunlife.com. The financial services provider can be reached via phone at (416) 979-9966, via email at investor.relations@sunlife.com, or via fax at 416-979-3209.

This page (NYSE:SLF) was last updated on 10/4/2023 by MarketBeat.com Staff

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