Cormark Boosts Earnings Estimates for Sun Life Financial

Sun Life Financial Inc. (TSE:SLF) (NYSE:SLF) – Equities researchers at Cormark increased their FY2025 earnings per share estimates for shares of Sun Life Financial in a report released on Tuesday, November 5th. Cormark analyst L. Persaud now forecasts that the financial services provider will earn $7.50 per share for the year, up from their prior estimate of $7.47. The consensus estimate for Sun Life Financial’s current full-year earnings is $6.92 per share.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last released its earnings results on Monday, August 12th. The financial services provider reported C$1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.58 by C$0.13. Sun Life Financial had a return on equity of 13.65% and a net margin of 9.90%. The firm had revenue of C$8.92 billion during the quarter, compared to analysts’ expectations of C$9.18 billion.

Several other equities analysts have also recently weighed in on the stock. National Bankshares raised their target price on shares of Sun Life Financial from C$72.00 to C$73.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 13th. Jefferies Financial Group raised their price objective on Sun Life Financial from C$81.00 to C$89.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Scotiabank lifted their target price on Sun Life Financial from C$73.00 to C$85.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. TD Securities increased their price target on Sun Life Financial from C$77.00 to C$81.00 in a research note on Tuesday. Finally, Barclays raised their price target on Sun Life Financial from C$76.00 to C$79.00 in a report on Tuesday. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$81.00.

Sun Life Financial Trading Up 3.2 %

Shares of SLF opened at C$79.94 on Wednesday. The firm has a market cap of C$46.08 billion, a P/E ratio of 15.14, a price-to-earnings-growth ratio of 1.33 and a beta of 0.94. The company has a debt-to-equity ratio of 53.77, a current ratio of 65.29 and a quick ratio of 84,866.00. Sun Life Financial has a 1 year low of C$64.38 and a 1 year high of C$80.82. The company has a 50 day simple moving average of C$76.93 and a two-hundred day simple moving average of C$71.57.

Sun Life Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Wednesday, November 27th will be paid a $0.84 dividend. This represents a $3.36 annualized dividend and a dividend yield of 4.20%. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.81. Sun Life Financial’s dividend payout ratio (DPR) is presently 61.36%.

Insider Transactions at Sun Life Financial

In related news, Director Stephanie Coyles purchased 500 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The shares were bought at an average price of C$70.00 per share, for a total transaction of C$35,000.00. Following the acquisition, the director now owns 500 shares of the company’s stock, valued at approximately C$35,000. In other Sun Life Financial news, Senior Officer Linda Dougherty sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of C$75.30, for a total transaction of C$150,590.00. Also, Director Stephanie Coyles bought 500 shares of the business’s stock in a transaction dated Thursday, August 15th. The shares were acquired at an average cost of C$70.00 per share, for a total transaction of C$35,000.00. Following the purchase, the director now owns 500 shares of the company’s stock, valued at approximately C$35,000. Company insiders own 0.03% of the company’s stock.

Sun Life Financial Company Profile

Sun Life Financial Inc, a financial services company, provides savings, retirement, and pension products worldwide. The company operates in five segments: Asset Management, Canada, U.S., Asia, and Corporate. It offers various insurance products, such as term and permanent life; personal health, which includes prescription drugs, dental, and vision care; critical illness; long-term care; and disability, as well as reinsurance.