Sun Life Financial (SLF) Scheduled to Post Quarterly Earnings on Monday

Sun Life Financial (TSE:SLF - Get Free Report) NYSE: SLF is scheduled to release its earnings data after the market closes on Monday, November 4th. Analysts expect Sun Life Financial to post earnings of C$1.71 per share for the quarter.

Sun Life Financial (TSE:SLF - Get Free Report) NYSE: SLF last released its earnings results on Monday, August 12th. The financial services provider reported C$1.71 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of C$1.58 by C$0.13. The firm had revenue of C$8.92 billion for the quarter, compared to analyst estimates of C$9.18 billion. Sun Life Financial had a return on equity of 13.65% and a net margin of 9.90%.

Sun Life Financial Stock Performance

SLF traded up C$0.76 during midday trading on Monday, reaching C$79.16. The company's stock had a trading volume of 2,603,743 shares, compared to its average volume of 2,022,359. The stock has a market cap of C$45.63 billion, a P/E ratio of 14.85, a PEG ratio of 1.33 and a beta of 0.94. The company has a fifty day simple moving average of C$75.96 and a 200 day simple moving average of C$71.21. The company has a current ratio of 65.29, a quick ratio of 84,866.00 and a debt-to-equity ratio of 53.77. Sun Life Financial has a twelve month low of C$62.39 and a twelve month high of C$79.45.

Sun Life Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Wednesday, August 28th were given a $0.81 dividend. The ex-dividend date was Wednesday, August 28th. This represents a $3.24 dividend on an annualized basis and a dividend yield of 4.09%. Sun Life Financial's dividend payout ratio is currently 61.36%.

Analysts Set New Price Targets

SLF has been the subject of a number of research reports. TD Securities reduced their price objective on Sun Life Financial from C$73.00 to C$72.00 and set a "hold" rating for the company in a research report on Tuesday, August 13th. Jefferies Financial Group raised their price objective on Sun Life Financial from C$81.00 to C$89.00 and gave the stock a "buy" rating in a research report on Wednesday, October 16th. National Bankshares raised their price objective on Sun Life Financial from C$72.00 to C$73.00 and gave the stock a "sector perform" rating in a research report on Tuesday, August 13th. Evercore reduced their price objective on Sun Life Financial from C$76.00 to C$75.00 in a research report on Thursday, July 11th. Finally, Royal Bank of Canada raised their target price on Sun Life Financial from C$76.00 to C$78.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 14th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company's stock. According to data from MarketBeat.com, Sun Life Financial has an average rating of "Moderate Buy" and an average target price of C$76.82.

Insider Activity

In other news, Director Stephanie Coyles acquired 500 shares of the company's stock in a transaction on Thursday, August 15th. The stock was purchased at an average cost of C$70.00 per share, with a total value of C$35,000.00. Following the acquisition, the director now owns 500 shares of the company's stock, valued at C$35,000. In other Sun Life Financial news, Director Stephanie Coyles bought 500 shares of Sun Life Financial stock in a transaction dated Thursday, August 15th. The shares were bought at an average price of C$70.00 per share, with a total value of C$35,000.00. Following the purchase, the director now owns 500 shares of the company's stock, valued at C$35,000. Also, Senior Officer Daniel Fishbein sold 15,999 shares of the firm's stock in a transaction dated Friday, August 16th. The shares were sold at an average price of C$71.40, for a total transaction of C$1,142,323.80. 0.03% of the stock is currently owned by insiders.

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.