Cormark Predicts Sun Life Financial’s Q4 Earnings (TSE:SLF)

Sun Life Financial Inc. (TSE:SLF) (NYSE:SLF) – Research analysts at Cormark issued their Q4 2024 earnings per share estimates for shares of Sun Life Financial in a research report issued to clients and investors on Tuesday, February 4th. Cormark analyst L. Persaud expects that the financial services provider will post earnings of $1.80 per share for the quarter. The consensus estimate for Sun Life Financial’s current full-year earnings is $6.92 per share.

A number of other equities analysts have also commented on SLF. TD Securities boosted their price objective on Sun Life Financial from C$81.00 to C$87.00 and gave the stock a “hold” rating in a research note on Thursday, November 14th. CIBC boosted their target price on Sun Life Financial from C$96.00 to C$97.00 in a research report on Thursday, January 30th. National Bankshares upgraded Sun Life Financial from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from C$82.00 to C$95.00 in a research report on Wednesday, January 15th. Barclays boosted their target price on Sun Life Financial from C$82.00 to C$87.00 in a research report on Monday, January 6th. Finally, National Bank Financial upgraded Sun Life Financial from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Sun Life Financial has a consensus rating of “Moderate Buy” and a consensus price target of C$86.73.

Sun Life Financial Price Performance

Shares of SLF stock opened at C$82.81 on Thursday. 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. The firm has a market cap of C$47.74 billion, a price-to-earnings ratio of 15.68, a P/E/G ratio of 1.33 and a beta of 0.94. The stock’s fifty day simple moving average is C$85.01 and its 200 day simple moving average is C$78.80. Sun Life Financial has a one year low of C$64.38 and a one year high of C$88.54.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last announced its quarterly earnings results on Monday, November 4th. The financial services provider reported C$1.76 EPS for the quarter, beating the consensus estimate of C$1.71 by C$0.05. Sun Life Financial had a return on equity of 13.65% and a net margin of 9.90%. During the same period last year, the business posted $1.59 EPS.

Sun Life Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Wednesday, November 27th were issued a $0.84 dividend. This represents a $3.36 annualized dividend and a dividend yield of 4.06%. The ex-dividend date was Wednesday, November 27th. This is a boost from Sun Life Financial’s previous quarterly dividend of $0.81. Sun Life Financial’s dividend payout ratio is 61.36%.

Insider Activity

In other news, Director Kevin Strain sold 85,943 shares of the business’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of C$84.71, for a total value of C$7,280,231.53. Also, Senior Officer Linda Dougherty acquired 5,800 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was acquired at an average cost of C$84.83 per share, for a total transaction of C$492,014.00. Corporate insiders own 0.03% of the company’s stock.

About Sun Life Financial

Sun Life Financial is one of Canada’s Big Three life insurance companies along with Great-West Lifeco and Manulife. Sun Life provides insurance, retirement, and wealth-management services to individual and corporate customers in Canada, the United States, and Asia. It also owns MFS Investment Management, a Boston-based asset-management firm.