Cormark Decreases Earnings Estimates for Sun Life Financial

Sun Life Financial Inc. (TSE:SLF - Free Report) NYSE: SLF - Investment analysts at Cormark lowered their FY2025 earnings per share estimates for shares of Sun Life Financial in a research report issued to clients and investors on Thursday, February 13th. Cormark analyst L. Persaud now expects that the financial services provider will post earnings of $7.31 per share for the year, down from their prior forecast of $7.57. Cormark currently has a "Moderate Buy" rating on the stock. 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. Royal Bank of Canada lifted their price objective on shares of Sun Life Financial from C$78.00 to C$82.00 in a research report on Wednesday, November 6th. CIBC reduced their price target on shares of Sun Life Financial from C$97.00 to C$95.00 in a research report on Friday, February 14th. Barclays boosted their price objective on shares of Sun Life Financial from C$82.00 to C$87.00 in a research report on Monday, January 6th. Scotiabank dropped their price objective on shares of Sun Life Financial from C$98.00 to C$94.00 in a research note on Friday, February 14th. Finally, National Bank Financial raised shares of Sun Life Financial from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 14th. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of C$87.10.

Sun Life Financial Trading Down 1.8 %

SLF stock traded down C$1.45 during mid-day trading on Monday, reaching C$78.19. 5,350,215 shares of the stock traded hands, compared to its average volume of 2,092,943. Sun Life Financial has a 52-week low of C$64.38 and a 52-week high of C$88.54. The stock's fifty day moving average is C$83.87 and its 200-day moving average is C$79.79. The company has a market cap of C$44.66 billion, a P/E ratio of 11.79, a P/E/G ratio of 1.33 and a beta of 0.94. The company has a current ratio of 92.19, a quick ratio of 84,866.00 and a debt-to-equity ratio of 26.00.

Sun Life Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Wednesday, February 26th will be issued a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a yield of 4.30%. The ex-dividend date of this dividend is Wednesday, February 26th. Sun Life Financial's dividend payout ratio is presently 48.87%.

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.