Sun Life Financial (NYSE:SLF) Issues Quarterly Earnings Results

Sun Life Financial (NYSE:SLF - Get Free Report) TSE: SLF issued its quarterly earnings results on Wednesday. The financial services provider reported $1.20 EPS for the quarter, beating the consensus estimate of $0.90 by $0.30, Zacks reports. Sun Life Financial had a net margin of 7.32% and a return on equity of 17.44%.

Sun Life Financial Stock Down 0.2 %

Shares of SLF traded down $0.11 on Friday, reaching $55.17. The stock had a trading volume of 858,344 shares, compared to its average volume of 554,788. Sun Life Financial has a twelve month low of $46.41 and a twelve month high of $62.85. The firm has a market capitalization of $34.65 billion, a PE ratio of 12.29, a PEG ratio of 1.61 and a beta of 1.03. The firm has a 50-day moving average of $58.78 and a 200 day moving average of $57.18.

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 of this dividend is Wednesday, February 26th. This represents a $2.35 dividend on an annualized basis and a dividend yield of 4.26%. Sun Life Financial's payout ratio is 57.46%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on SLF. StockNews.com cut Sun Life Financial from a "buy" rating to a "hold" rating in a research note on Wednesday, February 5th. National Bank Financial raised Sun Life Financial from a "sector perform" rating to an "outperform" rating in a report on Wednesday, January 15th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Sun Life Financial has a consensus rating of "Moderate Buy".

About Sun Life Financial

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.