Q4 Earnings Estimate for TSE:SLF Issued By Cormark

Sun Life Financial Inc. (TSE:SLF - Free Report) NYSE: SLF - Investment analysts at Cormark issued their Q4 2024 earnings per share estimates for shares of Sun Life Financial in a note issued to investors on Tuesday, February 4th. Cormark analyst L. Persaud anticipates 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.

Other analysts have also issued research reports about the stock. Jefferies Financial Group increased their price objective on shares of Sun Life Financial from C$90.00 to C$94.00 in a research note on Thursday, November 14th. Barclays increased their price target on Sun Life Financial from C$82.00 to C$87.00 in a research report on Monday, January 6th. Royal Bank of Canada boosted their price objective on Sun Life Financial from C$78.00 to C$82.00 in a report on Wednesday, November 6th. National Bank Financial raised Sun Life Financial from a "hold" rating to a "strong-buy" rating in a report on Tuesday, January 14th. Finally, National Bankshares raised Sun Life Financial from a "sector perform" rating to an "outperform" rating and boosted their price target for the company from C$82.00 to C$95.00 in a report on Wednesday, January 15th. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of C$86.73.

Sun Life Financial Stock Performance

TSE:SLF traded up C$0.40 during midday trading on Thursday, hitting C$84.58. The company's stock had a trading volume of 2,310,214 shares, compared to its average volume of 1,563,903. Sun Life Financial has a fifty-two week low of C$64.38 and a fifty-two week high of C$88.54. 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$48.76 billion, a P/E ratio of 16.02, a P/E/G ratio of 1.33 and a beta of 0.94. The firm's 50 day moving average is C$84.88 and its 200-day moving average is C$79.19.

Insiders Place Their Bets

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

Sun Life Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Wednesday, November 27th were issued a $0.84 dividend. This represents a $3.36 annualized dividend and a yield of 3.97%. The ex-dividend date was Wednesday, November 27th. This is a positive change from Sun Life Financial's previous quarterly dividend of $0.81. Sun Life Financial's payout ratio is presently 61.36%.

Sun Life Financial Company Profile

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.