Q1 EPS Estimates for Sun Life Financial Cut by Desjardins

Sun Life Financial Inc. (NYSE:SLF - Free Report) TSE: SLF - Equities research analysts at Desjardins cut their Q1 2025 earnings estimates for shares of Sun Life Financial in a research report issued to clients and investors on Thursday, April 17th. Desjardins analyst D. Young now anticipates that the financial services provider will post earnings per share of $1.22 for the quarter, down from their prior forecast of $1.23. The consensus estimate for Sun Life Financial's current full-year earnings is $5.19 per share. Desjardins also issued estimates for Sun Life Financial's FY2026 earnings at $5.47 EPS.

Sun Life Financial (NYSE:SLF - Get Free Report) TSE: SLF last announced its quarterly earnings results on Wednesday, February 12th. The financial services provider reported $1.20 EPS for the quarter, topping the consensus estimate of $0.90 by $0.30. Sun Life Financial had a net margin of 8.08% and a return on equity of 16.86%.

SLF has been the subject of a number of other reports. StockNews.com downgraded Sun Life Financial from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. National Bank Financial raised shares of Sun Life Financial from a "sector perform" rating to an "outperform" rating in a research note on Wednesday, January 15th. Finally, Cormark upgraded shares of Sun Life Financial from a "hold" rating to a "moderate buy" rating in a research report on Thursday, February 13th. Two research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy".

Sun Life Financial Trading Up 0.3 %

Shares of NYSE:SLF traded up $0.17 during mid-day trading on Friday, reaching $56.60. The stock had a trading volume of 546,525 shares, compared to its average volume of 683,211. The company has a market cap of $32.31 billion, a P/E ratio of 14.74, a price-to-earnings-growth ratio of 1.52 and a beta of 0.87. The business's 50 day moving average price is $55.85 and its 200 day moving average price is $57.83. Sun Life Financial has a 1 year low of $46.41 and a 1 year high of $62.85.

Institutional Investors Weigh In On Sun Life Financial

Several institutional investors have recently made changes to their positions in SLF. Vanguard Group Inc. lifted its stake in Sun Life Financial by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 24,233,496 shares of the financial services provider's stock worth $1,438,888,000 after purchasing an additional 197,887 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in shares of Sun Life Financial by 2.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 9,454,589 shares of the financial services provider's stock worth $562,121,000 after acquiring an additional 198,205 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in Sun Life Financial by 10.8% during the 4th quarter. CIBC Asset Management Inc now owns 7,192,059 shares of the financial services provider's stock valued at $427,712,000 after acquiring an additional 703,391 shares during the period. Norges Bank purchased a new stake in Sun Life Financial in the fourth quarter worth $382,176,000. Finally, Geode Capital Management LLC lifted its position in shares of Sun Life Financial by 30.6% during the fourth quarter. Geode Capital Management LLC now owns 3,467,275 shares of the financial services provider's stock worth $210,080,000 after purchasing an additional 812,689 shares during the last quarter. Institutional investors own 52.26% of the company's stock.

Sun Life Financial Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Wednesday, February 26th were given a dividend of $0.5876 per share. This represents a $2.35 dividend on an annualized basis and a yield of 4.15%. The ex-dividend date was Wednesday, February 26th. Sun Life Financial's dividend payout ratio (DPR) is 60.16%.

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.