NYSE:SLF

Sun Life Financial Stock Forecast, Price & News

$50.68

+0.94 (+1.89 %)

(As of 02/24/2021 12:00 AM ET)

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Today's Range

$49.49

Now: $50.68▼

$51.00

50-Day Range

$46.07

MA: $47.89▼

$50.16

52-Week Range

$24.37

Now: $50.68▼

$51.00

Volume2.96 million shs

Average Volume558,924 shs

Market Capitalization$29.65 billion

P/E Ratio16.78

Dividend Yield3.32%

Beta1.07

Sun Life Financial Inc., a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients worldwide. It offers life, health, dental, critical illness, and long-term care insurance products. The company also provides reinsurance products; investment counselling and portfolio management services; mutual funds and segregated funds; trust and banking services; and real estate property brokerage and appraisal services; and merchant banking services. It distributes its products through direct sales agents, managing general agents, 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.

Headlines

Ex-Dividend Reminder: M & T Bank, Sun Life Financial and First Financial Bancorp
February 24, 2021 | nasdaq.com

Sun Life donates $100,000 to support underrepresented researchers
February 24, 2021 | finance.yahoo.com

Sun Life Financial Inc. (SLF) CEO Dean Connor on Q4 2020 Results - Earnings Call Transcript
February 13, 2021 | seekingalpha.com

Sun Life’s fourth-quarter profit beats estimates on asset management strength
February 10, 2021 | theglobeandmail.com

Sun Life Financial beats expectations as Q4 profits climbs 3.5% to $744 million
February 10, 2021 | msn.com

Sun Life Financial Inc. Q4 adjusted earnings Beat Estimates
February 10, 2021 | nasdaq.com

/R E P E A T -- MODIFICATION - Change of spokesperson - Invitation to media - Minister David Lametti to announce investments to support innovative Montérégie manufacturers/
February 10, 2021 | finance.yahoo.com

Sun Life Financial Earnings Preview
February 9, 2021 | benzinga.com

Sonos (SONO) to Report Q1 Earnings: What's in the Cards?
February 9, 2021 | finance.yahoo.com

A10 Networks (ATEN) to Report Q4 Earnings: What's in Store?
February 8, 2021 | finance.yahoo.com

Will Cincinnati Financial (CINF) Top Estimates in Q4 Earnings?
February 8, 2021 | finance.yahoo.com

Sun Life U.S. earns 2021 Top Workplaces USA award
January 28, 2021 | finance.yahoo.com

See More Headlines

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Life insurance

Sub-IndustryN/A

SectorFinance

Current SymbolNYSE:SLF

Previous Symbol

CUSIPN/A

CIK1097362

Webwww.sunlife.com

Phone416-979-9966

Employees23,816

Year Founded1865

Debt

Debt-to-Equity Ratio0.19

Current RatioN/A

Quick RatioN/A

Price-To-Earnings

Trailing P/E Ratio16.78

Forward P/E Ratio12.48

P/E Growth1.3

Sales & Book Value

Annual Sales$29.90 billion

Price / Sales0.99

Cash Flow$4.29 per share

Price / Cash Flow11.81

Book Value$28.52 per share

Price / Book1.78

Profitability

EPS (Most Recent Fiscal Year)$3.89

Net Income$2.22 billion

Net Margins6.19%

Return on Equity14.09%

Return on Assets1.07%

Miscellaneous

Outstanding Shares585,068,000

Market Cap$29.65 billion

Next Earnings Date5/4/2021 (Estimated)

OptionableOptionable

MarketRank^™

Overall MarketRank^™

2.38 out of 5 stars

Finance Sector

51st out of 1,937 stocks

Life Insurance Industry

5th out of 40 stocks

4.3 Analyst's Opinion

Consensus Rating
Sun Life Financial has received a consensus rating of Buy. The company's average rating score is 2.58, and is based on 8 buy ratings, 3 hold ratings, and 1 sell rating.
Price Target Upside/Downside
According to analysts' consensus price target of $64.10, Sun Life Financial has a forecasted upside of 26.5% from its current price of $50.68.
Amount of Analyst Coverage
Sun Life Financial has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.4 Community Rank

Outperform Votes
Sun Life Financial has received 466 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Sun Life Financial has received 499 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Sun Life Financial has received 51.71% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Sun Life Financial and other stocks. Vote “Outperform” if you believe SLF will outperform the S&P 500 over the long term. Vote “Underperform” if you believe SLF will underperform the S&P 500 over the long term. You may vote once every thirty days.

2.5 Dividend Strength

Dividend Yield
Sun Life Financial pays a meaningful dividend of 3.32%, higher than the bottom 25% of all stocks that pay dividends.
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 42.42%. 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 40.34% next year. This indicates that Sun Life Financial will be able to sustain or increase its dividend.

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
43.56% 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.

1.9 Earnings and Valuation

Earnings Growth
Earnings for Sun Life Financial are expected to grow by 0.74% in the coming year, from $4.06 to $4.09 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Sun Life Financial is 16.78, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 32.53.
Price to Earnings Ratio vs. Sector
The P/E ratio of Sun Life Financial is 16.78, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 23.66.
Price to Earnings Growth Ratio
Sun Life Financial has a PEG Ratio of 1.30. 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 1.78. 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

$50.68

+0.94 (+1.89 %)

(As of 02/24/2021 12:00 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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Sun Life Financial (NYSE:SLF) Frequently Asked Questions

Is Sun Life Financial a buy right now?

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Sun Life Financial in the last twelve months. There are currently 1 sell rating, 3 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Sun Life Financial stock.
View analyst ratings for Sun Life Financial or view top-rated stocks.

What stocks does MarketBeat like better than Sun Life Financial?

Wall Street analysts have given Sun Life Financial a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Sun Life Financial wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

Are investors shorting Sun Life Financial?

Sun Life Financial saw a increase in short interest in the month of January. As of January 15th, there was short interest totaling 1,070,000 shares, an increase of 73.3% from the December 31st total of 617,600 shares. Based on an average trading volume of 553,300 shares, the short-interest ratio is currently 1.9 days. Currently, 0.2% of the shares of the stock are sold short.
View Sun Life Financial's Short Interest.

When is Sun Life Financial's next earnings date?

Sun Life Financial is scheduled to release its next quarterly earnings announcement on Tuesday, May 4th 2021.
View our earnings forecast for Sun Life Financial.

How were Sun Life Financial's earnings last quarter?

Sun Life Financial Inc. (NYSE:SLF) posted its earnings results on Wednesday, February, 10th. The financial services provider reported $1.47 EPS for the quarter, topping the consensus estimate of $0.96 by $0.51. Sun Life Financial had a trailing twelve-month return on equity of 14.09% and a net margin of 6.19%. During the same period in the prior year, the company earned $1.34 EPS.
View Sun Life Financial's earnings history.

How has Sun Life Financial's stock price been impacted by Coronavirus (COVID-19)?

Sun Life Financial's stock was trading at $36.91 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, SLF shares have increased by 37.3% and is now trading at $50.68.
View which stocks have been most impacted by COVID-19.

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 Friday, February 12th. Shareholders of record on Monday, March 1st will be given a dividend of $0.433 per share on Wednesday, March 31st. This represents a $1.73 dividend on an annualized basis and a dividend yield of 3.42%. The ex-dividend date of this dividend is Friday, February 26th. This is an increase from Sun Life Financial's previous quarterly dividend of $0.41.
View Sun Life Financial's dividend history.

Is Sun Life Financial a good dividend stock?

Sun Life Financial pays an annual dividend of $1.65 per share and currently has a dividend yield of 3.32%. Sun Life Financial does not yet have a strock track record of dividend growth. The dividend payout ratio of Sun Life Financial is 42.42%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Sun Life Financial will have a dividend payout ratio of 40.34% next year. This indicates that Sun Life Financial will be able to sustain or increase its dividend.
View Sun Life Financial's dividend history.

What price target have analysts set for SLF?

12 brokers have issued 1-year target prices for Sun Life Financial's shares. Their forecasts range from $38.00 to $75.00. On average, they expect Sun Life Financial's share price to reach $64.10 in the next twelve months. This suggests a possible upside of 26.5% from the stock's current price.
View analysts' price targets for Sun Life Financial or view top-rated stocks among Wall Street analysts.

Who are Sun Life Financial's key executives?

Sun Life Financial's management team includes the following people:

Mr. Dean Arthur Connor, Pres, CEO & Director (Age 64) (LinkedIn Profile)
Mr. Kevin David Strain C.A., CPA, Exec. VP & CFO (Age 55)
Mr. Stephen Clarkson Peacher CFA, Pres of SLC Management (Age 57)
Mr. Daniel Richard Fishbein, Pres of Sun Life Financial - United States (LinkedIn Profile)
Mr. Jacques Goulet Jr., Pres of Sun Life Financial Canada (LinkedIn Profile)
Ms. Laura Ann Money, Exec. VP & Chief Information Officer
Ms. Leigh Chalmers, Sr. VP, Head of Investor Relations & Capital Management
Mr. Paul O. Petrelli, Chief Compliance Officer & Sr. VP
Ms. Melissa Jane Kennedy, Exec. VP and Chief Legal Officer & Public Affairs (LinkedIn Profile)
Ms. Helena Janina Pagano, Exec. VP and Chief HR & Communications Officer (LinkedIn Profile)

What is Dean Connor's approval rating as Sun Life Financial's CEO?

58 employees have rated Sun Life Financial CEO Dean Connor on Glassdoor.com. Dean Connor has an approval rating of 99% among Sun Life Financial's employees. This puts Dean Connor in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Who are some of Sun Life Financial's key competitors?

Some companies that are related to Sun Life Financial include China Life Insurance (LFC), AXA (AXAHY), Prudential (PUK), MetLife (MET), Manulife Financial (MFC), Prudential Financial (PRU), Swiss Re (SSREY), Aviva (AVVIY), Legal & General Group Plc (LGEN.L) (LGEN), Aegon (AEG), Lincoln National (LNC), Sony Financial (SNYFY), Globe Life (GL), Athene (ATH) and Reinsurance Group of America (RGA).
View all of SLF's competitors.

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 FIL Ltd (2.46%), Price T Rowe Associates Inc. MD (2.26%), Beutel Goodman & Co Ltd. (2.21%), Mackenzie Financial Corp (1.10%), The Manufacturers Life Insurance Company (1.06%) and Toronto Dominion Bank (0.83%).

Which institutional investors are selling Sun Life Financial stock?

SLF stock was sold by a variety of institutional investors in the last quarter, including FIL Ltd, Mackenzie Financial Corp, Canada Pension Plan Investment Board, Public Sector Pension Investment Board, Beutel Goodman & Co Ltd., Lincluden Management Ltd., Janus Henderson Group PLC, and Letko Brosseau & Associates Inc..

Which institutional investors are buying Sun Life Financial stock?

SLF stock was acquired by a variety of institutional investors in the last quarter, including Toronto Dominion Bank, Price T Rowe Associates Inc. MD, AGF Investments Inc., Morgan Stanley, Intact Investment Management Inc., Renaissance Technologies LLC, Clark Capital Management Group Inc., and Korea Investment CORP.

How do I buy shares of Sun Life Financial?

Shares of SLF 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 $50.68.

How much money does Sun Life Financial make?

Sun Life Financial has a market capitalization of $29.65 billion and generates $29.90 billion in revenue each year. The financial services provider earns $2.22 billion in net income (profit) each year or $3.89 on an earnings per share basis.

How many employees does Sun Life Financial have?

Sun Life Financial employs 23,816 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.

When was Sun Life Financial founded?

Sun Life Financial was founded in 1865.

What is Sun Life Financial's official website?

The official website for Sun Life Financial is www.sunlife.com.

Where are Sun Life Financial's headquarters?

Sun Life Financial is headquartered at 1 YORK STREET 31ST FLOOR, TORONTO A6, M5J 0B6.

How can I contact Sun Life Financial?

Sun Life Financial's mailing address is 1 YORK STREET 31ST FLOOR, TORONTO A6, M5J 0B6. The financial services provider can be reached via phone at 416-979-9966 or via email at [email protected]

This page was last updated on 2/25/2021 by MarketBeat.com Staff

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