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NYSE:SLF

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

$48.73
+0.34 (+0.70%)
(As of 10:39 AM ET)
Compare
Today's Range
$48.24
▼
$48.76
50-Day Range
$44.64
▼
$49.90
52-Week Range
$37.96
▼
$51.63
Volume
72,891 shs
Average Volume
498,923 shs
Market Capitalization
$28.59 billion
P/E Ratio
12.62
Dividend Yield
4.54%
Price Target
$72.78
ProfileAnalyst RatingsChartCompetitorsDividendEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability

Sun Life Financial MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
50.3% Upside
$72.78 Price Target
Short Interest
Bearish
1.24% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-0.56
Upright™ Environmental Score
News Sentiment
0.39mentions of Sun Life Financial in the last 14 days
Based on 6 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
6.74%
From $4.75 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.

2.41 out of 5 stars

Finance Sector

485th out of 901 stocks

Life Insurance Industry

13th out of 21 stocks

See Top Rated MarketRank™ Stocks Here

SLF stock logo

About Sun Life Financial (NYSE:SLF) Stock

Sun Life Financial, Inc. engages in the provision of insurance and asset management solutions to individual and corporate clients. It operates through the following segments: Canada, United States, Asset Management, Asia, and Corporate. The Canada segment offers individual insurance and group benefits and retirement services. The United States segment consists of group benefits, international, and in-force management services. The Asset Management segment focuses on the design and delivery of investment products through MFS investment management and Sun Life investment management. The Asia segment consists of the Philippines, Hong Kong, Indonesia, Vietnam, Malaysia, India, and China markets. The Corporate segment represents the United Kingdom business unit and corporate support operations, which include run-off reinsurance operations as well as investment income, expenses, capital, and other items. The company was founded on March 18, 1865 and is headquartered in Toronto, Canada.

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SLF Stock News Headlines

May 29, 2023 | finance.yahoo.com
SLF.TO - Sun Life Financial Inc.
May 29, 2023 | americanbankingnews.com
Sun Life Financial Inc. (NYSE:SLF) Increases Dividend to $0.55 Per Share
June 1, 2023 | Edge On The Street (Ad)
Graphite Shortage Could Derail the $7 Trillion EV Transition
Graphite (not lithium) is expected to see the largest increase in demand of all battery metals over the next decade. But projections warn of an 8 million ton shortfall of graphite by 2040. That's why 97 more graphite mines are needed just to keep up with battery production for the $7 trillion transition to electric vehicles.
May 28, 2023 | americanbankingnews.com
Sun Life Financial Inc. (NYSE:SLF) Plans $0.55 Quarterly Dividend
May 16, 2023 | msn.com
Interest rates will likely stabilize around these levels: Sun Life CEO
May 16, 2023 | americanbankingnews.com
National Bank Financial Comments on Sun Life Financial Inc.'s Q2 2023 Earnings (NYSE:SLF)
May 15, 2023 | seekingalpha.com
Sun Life: Sustained Strategic Growth As Previously Projected
May 15, 2023 | americanbankingnews.com
Sun Life Financial (NYSE:SLF) Rating Increased to Outperform at Royal Bank of Canada
June 1, 2023 | Edge On The Street (Ad)
ChatGPT Is Already "Old School"
As good as ChatGPT is at writing content, it still doesn't understand what it's saying. But a new AI technology breakthrough will understand and process information like a human. One young company is leading the way.
May 12, 2023 | seekingalpha.com
Sun Life Financial Inc. 2023 Q1 - Results - Earnings Call Presentation
May 12, 2023 | finance.yahoo.com
Sun Life (SLF) Q1 Earnings Beat on Higher Sales, Dividend Raised
May 12, 2023 | finanznachrichten.de
Sun Life Financial Inc.: Sun Life Reports First Quarter 2023 Results
May 11, 2023 | msn.com
Canadian insurer Sun Life reports higher first-quarter profit
May 11, 2023 | seekingalpha.com
Sun Life Financial raises dividend by 4.2% to CAD 0.75
May 11, 2023 | finance.yahoo.com
Sun Life Reports First Quarter 2023 Results
May 11, 2023 | finance.yahoo.com
Sun Life increases Common Share dividend and declares dividends on Preferred Shares payable in Q2 2023
May 11, 2023 | finance.yahoo.com
Canada's Sun Life beats profit estimates on strong insurance sales
May 11, 2023 | finance.yahoo.com
UPDATE 1-Canada's Sun Life beats profit estimates on strong insurance sales
May 10, 2023 | americanbankingnews.com
Sun Life Financial (SLF) Set to Announce Earnings on Thursday
May 3, 2023 | americanbankingnews.com
Cormark Weighs in on Sun Life Financial Inc.'s Q1 2023 Earnings (NYSE:SLF)
May 2, 2023 | finance.yahoo.com
SLC Management appoints Chief Operating Officer
May 2, 2023 | finance.yahoo.com
Sun Life U.S. renews national partnership with American Diabetes Association with $500,000 to support Project Power youth program
April 28, 2023 | marketwatch.com
Sun Life Financial Inc. stock rises Friday, outperforms market
April 27, 2023 | finance.yahoo.com
Sun Life hosts first quarter 2023 earnings conference call
April 27, 2023 | americanbankingnews.com
Q1 2023 EPS Estimates for Sun Life Financial Inc. Increased by Analyst (NYSE:SLF)
April 26, 2023 | msn.com
Better Buy: Manulife Stock or Sun Life Stock?
April 25, 2023 | marketwatch.com
Sun Life Financial Inc. stock falls Tuesday, still outperforms market
See More Headlines

SLF Price History

SLF Company Calendar

Last Earnings
2/10/2021
Ex-Dividend for 6/30 Dividend
5/30/2023
Ex-Dividend for 6/30 Dividend
5/30/2023
Today
5/31/2023
Dividend Payable
6/30/2023
Dividend Payable
6/30/2023
Next Earnings (Estimated)
8/02/2023
Fiscal Year End
12/31/2023
Get Stock Alerts

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
$72.78
High Stock Price Forecast
$78.00
Low Stock Price Forecast
$63.00
Forecasted Upside/Downside
+50.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
4 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$3.86
Trailing P/E Ratio
12.54
Forward P/E Ratio
10.19
P/E Growth
1.3
Net Income
$2.50 billion
Net Margins
8.90%
Pretax Margin
11.15%
Return on Equity
14.29%
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
$17.94 billion
Price / Sales
1.58
Cash Flow
$4.44 per share
Price / Cash Flow
10.91
Book Value
$26.67 per share
Price / Book
1.82

Miscellaneous

Outstanding Shares
586,750,000
Free Float
N/A
Market Cap
$28.40 billion
Optionable
Optionable
Beta
1.00

Social Links


Key Executives

  • Kevin David Strain
    President, Chief Executive Officer & Director
  • Manjit Singh
    Chief Financial Officer & Executive Vice President
  • Laura A. Money
    Chief Information & Technology Innovation Officer
  • Alice Thomas
    Chief Digital Technology Officer & Senior VP
  • Kent Savage
    Chief Compliance Officer & Senior Vice President

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?

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sun Life Financial in the last year. There are currently 1 hold rating and 3 buy ratings for the stock. The consensus among Wall Street 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?

4 brokers have issued 1-year price targets for Sun Life Financial's shares. Their SLF share price forecasts range from $63.00 to $78.00. On average, they predict the company's stock price to reach $72.78 in the next year. This suggests a possible upside of 50.3% 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 4.3% and is now trading at $48.41.
View the best growth stocks for 2023 here.

Are investors shorting Sun Life Financial?

Sun Life Financial saw a increase in short interest in May. As of May 15th, there was short interest totaling 7,280,000 shares, an increase of 148.5% from the April 30th total of 2,930,000 shares. Based on an average daily volume of 541,700 shares, the days-to-cover ratio is currently 13.4 days. Currently, 1.2% 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, August 2nd 2023.
View our SLF earnings forecast.

How were Sun Life Financial's earnings last quarter?

Sun Life Financial Inc. (NYSE:SLF) released its earnings results on Wednesday, February, 10th. The financial services provider reported $1.47 earnings per share for the quarter, beating the consensus estimate of $0.96 by $0.51. The financial services provider had revenue of $8.94 billion for the quarter. Sun Life Financial had a net margin of 8.90% and a trailing twelve-month return on equity of 14.29%. During the same quarter in the previous year, the company posted $1.34 earnings per share.

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

Sun Life Financial announced a quarterly dividend on Thursday, May 11th. Shareholders of record on Wednesday, May 31st will be paid a dividend of $0.554 per share on Friday, June 30th. This represents a $2.22 dividend on an annualized basis and a dividend yield of 4.58%. The ex-dividend date of this dividend is Tuesday, May 30th.
Read our dividend analysis for SLF.

Is Sun Life Financial a good dividend stock?

Sun Life Financial (NYSE:SLF) pays an annual dividend of $2.21 per share and currently has a dividend yield of 4.58%. 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 57.25%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, SLF will have a dividend payout ratio of 43.59% 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 many different retail and institutional investors. Top institutional investors include Mackenzie Financial Corp (2.51%), FIL Ltd (2.30%), National Bank of Canada FI (1.23%), 1832 Asset Management L.P. (1.19%), CIBC Asset Management Inc (1.14%) and FMR LLC (0.86%).
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 $48.41.

How much money does Sun Life Financial make?

Sun Life Financial (NYSE:SLF) has a market capitalization of $28.40 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 $3.86 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 6/1/2023 by MarketBeat.com Staff

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