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

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Sun Life Financial in the last twelve months. There are currently 3 hold ratings and 3 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.

6 analysts have issued 1 year price objectives for Sun Life Financial's shares. Their SLF share price forecasts range from C$67.00 to C$79.00. On average, they predict the company's stock price to reach C$74.36 in the next twelve months. This suggests a possible upside of 11.0% from the stock's current price.
View analysts price targets for SLF or view top-rated stocks among Wall Street analysts.

Sun Life Financial's stock was trading at C$62.85 at the start of the year. Since then, SLF shares have increased by 6.6% and is now trading at C$66.97.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our SLF earnings forecast.

Sun Life Financial Inc. (TSE:SLF) released its quarterly earnings data on Tuesday, August, 8th. The financial services provider reported $1.57 EPS for the quarter, beating the consensus estimate of $1.56 by $0.01. The financial services provider had revenue of $7.67 billion for the quarter. Sun Life Financial had a net margin of 11.91% and a trailing twelve-month return on equity of 12.21%.

Sun Life Financial declared a quarterly dividend on Tuesday, August 29th. Shareholders of record on Wednesday, August 30th will be given a dividend of 0.75 per share on Friday, September 29th. This represents a $3.00 annualized dividend and a yield of 4.48%. The ex-dividend date of this dividend is Tuesday, August 29th.
Read our dividend analysis for SLF.

Sun Life Financial (TSE:SLF) pays an annual dividend of C$3.00 per share and currently has a dividend yield of 4.38%. SLF has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 60.24%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for SLF.

Based on aggregate information from My MarketBeat watchlists, some companies that other Sun Life Financial investors own include Intact Financial (IFC), Constellation Software (CSU), Alimentation Couche-Tard (ATD.B), AutoCanada (ACQ), Toronto-Dominion Bank (TD), AbbVie (ABBV), Vermilion Energy (VET), Enbridge (ENB), BCE (BCE) and Manulife Financial (MFC).

Sun Life Financial trades on the Toronto Stock Exchange (TSX) under the ticker symbol "SLF."

Shares of SLF stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
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One share of SLF stock can currently be purchased for approximately C$66.97.

Sun Life Financial (TSE:SLF) has a market capitalization of C$39.30 billion and generates C$25.25 billion in revenue each year. The financial services provider earns C$2.93 billion in net income (profit) each year or C$4.98 on an earnings per share basis.

The company employs 29,169 workers across the globe.

Sun Life Financial's mailing address is Sun Life Assurance Co Of Canada One York Street, TORONTO, ON M5J 0B6, Canada. The official website for the company is www.sunlife.com. The financial services provider can be reached via phone at +1-416-9794800.