Cormark Equities Analysts Lower Earnings Estimates for SLF

Sun Life Financial Inc. (NYSE:SLF - Free Report) TSE: SLF - Equities researchers at Cormark cut their FY2025 earnings estimates for shares of Sun Life Financial in a research report issued on Thursday, February 13th. Cormark analyst L. Persaud now expects that the financial services provider will earn $5.12 per share for the year, down from their prior estimate of $5.22. 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 FY2026 earnings at $5.52 EPS.

A number of other equities analysts have also recently weighed in on the stock. National Bank Financial raised shares of Sun Life Financial from a "sector perform" rating to an "outperform" rating in a research report on Wednesday, January 15th. StockNews.com cut shares of Sun Life Financial from a "buy" rating to a "hold" rating in a research report on Wednesday, February 5th. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Sun Life Financial has a consensus rating of "Moderate Buy".

Sun Life Financial Trading Up 0.8 %

NYSE:SLF traded up $0.45 on Friday, reaching $55.58. The stock had a trading volume of 705,433 shares, compared to its average volume of 609,159. The company has a 50-day moving average of $58.65 and a 200 day moving average of $57.28. The stock has a market cap of $34.91 billion, a P/E ratio of 12.38, a price-to-earnings-growth ratio of 1.61 and a beta of 1.03. Sun Life Financial has a 12-month low of $46.41 and a 12-month high of $62.85.

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 earnings per share for the quarter, topping analysts' consensus estimates of $0.90 by $0.30. Sun Life Financial had a net margin of 7.32% and a return on equity of 17.44%.

Sun Life Financial Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Wednesday, February 26th will be given a dividend of $0.5876 per share. The ex-dividend date is Wednesday, February 26th. This represents a $2.35 annualized dividend and a dividend yield of 4.23%. Sun Life Financial's payout ratio is 57.46%.

Hedge Funds Weigh In On Sun Life Financial

Several large investors have recently modified their holdings of SLF. Creative Planning lifted its position in shares of Sun Life Financial by 1.2% during the third quarter. Creative Planning now owns 48,558 shares of the financial services provider's stock worth $2,817,000 after purchasing an additional 590 shares during the last quarter. Heathbridge Capital Management Ltd. bought a new position in shares of Sun Life Financial during the third quarter worth about $244,000. Well Done LLC bought a new position in shares of Sun Life Financial during the third quarter worth about $216,000. Blue Trust Inc. lifted its position in shares of Sun Life Financial by 123.7% during the third quarter. Blue Trust Inc. now owns 7,661 shares of the financial services provider's stock worth $444,000 after purchasing an additional 4,237 shares during the last quarter. Finally, Signaturefd LLC raised its stake in Sun Life Financial by 5.6% during the third quarter. Signaturefd LLC now owns 25,319 shares of the financial services provider's stock worth $1,469,000 after acquiring an additional 1,348 shares during the period. Institutional investors own 52.26% of the company's stock.

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.