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Sun Life Financial - SLF Stock Forecast, Price & News

$46.30
+0.18 (+0.39%)
(As of 12/8/2022 10:44 AM ET)
Add
Compare
Today's Range
$46.26
$46.66
50-Day Range
$39.04
$47.43
52-Week Range
$37.96
$58.49
Volume
8,178 shs
Average Volume
766,948 shs
Market Capitalization
$27.15 billion
P/E Ratio
10.87
Dividend Yield
4.56%
Price Target
$68.75

Sun Life Financial MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
48.0% Upside
$68.75 Price Target
Short Interest
Bearish
1.82% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.56
Upright™ Environmental Score
News Sentiment
1.78mentions of Sun Life Financial in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
2.71%
From $4.42 to $4.54 Per Share

Overall MarketRank

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

2.56 out of 5 stars

Finance Sector

320th out of 871 stocks

Life Insurance Industry

6th out of 19 stocks

SLF stock logo

About Sun Life Financial (NYSE:SLF) Stock

Sun Life Financial Inc., a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients worldwide. It offers term and permanent life, as well as personal health, dental, critical illness, long-term care, and disability insurance products. The company also provides reinsurance products; investment counselling and portfolio management services; mutual funds and segregated funds; trust and banking services; real estate property brokerage and appraisal services; and merchant banking services. It distributes its products through direct sales agents, managing and independent general agents, financial intermediaries, broker-dealers, banks, pension and benefits consultants, and other third-party marketing organizations. The company was founded in 1871 and is headquartered in Toronto, Canada.

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SLF Stock News Headlines

Minerals for Green Revolution a Massive Investor Opportunity
Demand for critical minerals needed to power green energy is expected to soar up to 40 times. China controls up to 90% of the desperately-needed supply and could throw the U.S. back into the stone age if it bans exports. One company is in hot pursuit of domestic sources with potentially big discoveries on the horizon.
Minerals for Green Revolution a Massive Investor Opportunity
Demand for critical minerals needed to power green energy is expected to soar up to 40 times. China controls up to 90% of the desperately-needed supply and could throw the U.S. back into the stone age if it bans exports. One company is in hot pursuit of domestic sources with potentially big discoveries on the horizon.
Sun Life names Tom Murphy new Chief Risk Officer
Sun Life Reports Third Quarter 2022 Results
10 Cheap Insurance Stocks to Buy Now
SLF.PRC:CA Sun Life Financial Inc. PFD CL A SER 3
Sun Life Financial Inc. (SLF)
See More Headlines
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SLF Company Calendar

Ex-Dividend for 9/29 Dividend
8/23/2022
Dividend Payable
9/29/2022
Last Earnings
11/02/2022
Ex-Dividend for 12/30 Dividend
11/22/2022
Today
12/08/2022
Dividend Payable
12/30/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/08/2023

Industry, Sector and Symbol

Industry
Life insurance
Sub-Industry
N/A
Sector
Finance
Employees
24,589
Year Founded
1865

Price Target and Rating

Average Stock Price Forecast
$68.75
High Stock Price Forecast
$75.00
Low Stock Price Forecast
$63.00
Forecasted Upside/Downside
+48.5%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
2 Analysts

Profitability

Net Income
$3.49 billion
Pretax Margin
17.27%

Debt

Sales & Book Value

Annual Sales
$28.47 billion
Cash Flow
$4.54 per share
Book Value
$32.30 per share

Miscellaneous

Free Float
N/A
Market Cap
$27.15 billion
Optionable
Optionable
Beta
1.02

Social Links


Key Executives

  • Mr. Kevin David Strain C.A. (Age 56)
    CPA, Pres, CEO & Director
    Comp: $2.31M
  • Mr. Manjit Singh C.A.
    CPA, Exec. VP & CFO
  • Mr. Stephen Clarkson Peacher CFA (Age 58)
    Pres of SLC Management
    Comp: $2.68M
  • Mr. Daniel Richard Fishbein
    Pres of Sun Life U.S.
  • Mr. Jacques Goulet Jr. (Age 56)
    Pres of Sun Life Canada
    Comp: $1.42M
  • Ms. Leigh Chalmers
    Sr. VP and Head of Corp. Fin. & Capital Management
  • Ms. Laura Ann Money
    Exec. VP, Chief Information & Technology Innovation Officer
  • Yaniv Bitton
    VP, Head of Investor Relations & Capital Markets
  • Ms. Melissa Jane Kennedy (Age 59)
    Exec. VP and Chief Legal Officer & Public Affairs
  • Joe Hanlon
    Sr. MD & Chief Compliance Officer













SLF Stock - Frequently Asked Questions

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

2 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Sun Life Financial in the last twelve months. There are currently 1 hold rating and 1 buy rating 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 forecast for 2023?

2 equities research analysts have issued 12 month price objectives for Sun Life Financial's stock. Their SLF share price forecasts range from $63.00 to $75.00. On average, they predict the company's share price to reach $68.75 in the next year. This suggests a possible upside of 49.1% 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 2022?

Sun Life Financial's stock was trading at $55.69 at the start of the year. Since then, SLF shares have decreased by 17.2% and is now trading at $46.12.
View the best growth stocks for 2022 here
.

Are investors shorting Sun Life Financial?

Sun Life Financial saw a increase in short interest during the month of October. As of October 31st, there was short interest totaling 9,620,000 shares, an increase of 79.5% from the October 15th total of 5,360,000 shares. Based on an average daily trading volume, of 784,100 shares, the short-interest ratio is presently 12.3 days. Currently, 1.6% of the company's shares are short sold.
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, February 8th 2023.
View our SLF earnings forecast
.

How were Sun Life Financial's earnings last quarter?

Sun Life Financial Inc. (NYSE:SLF) issued its quarterly earnings data on Wednesday, November, 2nd. The financial services provider reported $1.24 EPS for the quarter, topping the consensus estimate of $1.07 by $0.17. The financial services provider had revenue of $6.62 billion for the quarter. Sun Life Financial had a trailing twelve-month return on equity of 13.30% and a net margin of 13.67%.

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, November 2nd. Investors of record on Wednesday, November 23rd will be given a dividend of $0.528 per share on Friday, December 30th. This represents a $2.11 annualized dividend and a dividend yield of 4.58%. The ex-dividend date is Tuesday, November 22nd.
Read our dividend analysis for SLF
.

Is Sun Life Financial a good dividend stock?

Sun Life Financial (NYSE:SLF) pays an annual dividend of $2.11 per share and currently has a dividend yield of 4.56%. 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 49.53%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SLF will have a dividend payout ratio of 46.48% 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."

Who are Sun Life Financial's major shareholders?

Sun Life Financial's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (3.59%), Mackenzie Financial Corp (2.86%), TD Asset Management Inc. (2.29%), Beutel Goodman & Co Ltd. (1.81%), CIBC Asset Management Inc (1.24%) and The Manufacturers Life Insurance Company (1.11%).
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 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 $46.12.

How much money does Sun Life Financial make?

Sun Life Financial (NYSE:SLF) has a market capitalization of $27.04 billion and generates $28.47 billion in revenue each year. The financial services provider earns $3.49 billion in net income (profit) each year or $4.26 on an earnings per share basis.

How many employees does Sun Life Financial have?

The company employs 24,589 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 12/8/2022 by MarketBeat.com Staff