Sun Life Financial (NYSE:SLF) Issues Quarterly Earnings Results

Sun Life Financial (NYSE:SLF) (TSE:SLF) announced its quarterly earnings data on Wednesday. The financial services provider reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $0.90 by $0.30, Zacks reports. Sun Life Financial had a return on equity of 17.44% and a net margin of 7.32%.

Sun Life Financial Stock Performance

Shares of SLF stock traded up $0.89 during trading hours on Wednesday, hitting $59.28. The company had a trading volume of 650,690 shares, compared to its average volume of 538,842. Sun Life Financial has a 12 month low of $46.41 and a 12 month high of $62.85. The firm’s fifty day moving average is $59.11 and its 200 day moving average is $57.08. The firm has a market capitalization of $37.23 billion, a price-to-earnings ratio of 13.20, a PEG ratio of 1.61 and a beta of 1.03.

Analysts Set New Price Targets

SLF has been the subject of a number of recent research reports. StockNews.com lowered Sun Life Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. National Bank Financial upgraded shares of Sun Life Financial from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, January 15th. Two research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy”.

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.