Research Analysts Issue Forecasts for SLF FY2024 Earnings

Sun Life Financial Inc. (NYSE:SLF - Free Report) TSE: SLF - Equities research analysts at Cormark dropped their FY2024 EPS estimates for Sun Life Financial in a research report issued on Tuesday, February 4th. Cormark analyst L. Persaud now expects that the financial services provider will post earnings per share of $4.68 for the year, down from their previous forecast of $4.87. The consensus estimate for Sun Life Financial's current full-year earnings is $4.76 per share. Cormark also issued estimates for Sun Life Financial's Q4 2024 earnings at $1.24 EPS and FY2025 earnings at $5.22 EPS.

SLF has been the subject of several other reports. National Bank Financial raised Sun Life Financial from a "sector perform" rating to an "outperform" rating in a report on Wednesday, January 15th. StockNews.com downgraded Sun Life Financial from a "buy" rating to a "hold" rating in a research note on Wednesday. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Sun Life Financial has a consensus rating of "Moderate Buy".

Sun Life Financial Price Performance

Shares of SLF stock traded up $0.44 during midday trading on Thursday, reaching $59.21. 430,136 shares of the company traded hands, compared to its average volume of 554,788. The firm has a market cap of $37.19 billion, a PE ratio of 13.19, a price-to-earnings-growth ratio of 1.61 and a beta of 1.03. The firm's 50 day simple moving average is $59.23 and its two-hundred day simple moving average is $56.90. Sun Life Financial has a 1-year low of $46.41 and a 1-year high of $62.85.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Human Investing LLC purchased a new position in Sun Life Financial during the fourth quarter worth $26,000. Assetmark Inc. increased its position in Sun Life Financial by 2,747.4% during the 3rd quarter. Assetmark Inc. now owns 541 shares of the financial services provider's stock worth $31,000 after purchasing an additional 522 shares in the last quarter. Addison Advisors LLC raised its stake in Sun Life Financial by 124.9% in the 3rd quarter. Addison Advisors LLC now owns 650 shares of the financial services provider's stock valued at $38,000 after purchasing an additional 361 shares during the last quarter. Clean Yield Group purchased a new position in Sun Life Financial in the 3rd quarter valued at about $39,000. Finally, Asset Planning Inc acquired a new stake in shares of Sun Life Financial during the 4th quarter worth about $40,000. 52.26% of the stock is currently owned by institutional investors and hedge funds.

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.