Sun Life Financial (SLF) Stock Price, News & Analysis

Company Overview

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. The company also provides advice for financial planning and retirement planning services; investments products, such as mutual funds, segregated funds, and annuities; and asset and investment management products consisting of pooled funds, institutional portfolios, and pension funds. In addition, it offers real estate services; manages equity capital in various private and listed funds, as well as mezzanine debt, middle market direct lending, high-yield bonds, and syndicated loans; and operates as an investment grade fixed income investor, real estate investment management advisor, infrastructure investment manager, and alternative credit investment manager. The company was formerly known as Sun Life Financial Services of Canada Inc. and changed its name to Sun Life Financial Inc. in July 2003. Sun Life Financial Inc. was founded in 1871 and is headquartered in Toronto, Canada.

Key Stats

• Today's Range: C$78.31 to C$79.16
• 50-Day Range: C$64.75 to C$79.11
• 52-Week Range: C$61.84 to C$79.45
• Volume: 1.30 million shs
• Average Volume: 2.05 million shs
• Market Capitalization: C$45.49 billion
• P/E Ratio: 14.94
• Dividend Yield: 4.11%
• Price Target: C$76.82
• Consensus Rating: Moderate Buy

Sun Life Financial Stock Analysis - MarketRank™

Sun Life Financial scored higher than 58% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Sun Life Financial has received a consensus rating of Moderate Buy. The company's average rating score is 2.70, and is based on 7 buy ratings, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Sun Life Financial has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Sun Life Financial is 14.94, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 133.34.

Price to Earnings Ratio vs. Sector

The P/E ratio of Sun Life Financial is 14.94, which means that it is trading at a less expensive P/E ratio than the Financial Services sector average P/E ratio of about 400.30.

Price to Earnings Growth Ratio

Sun Life Financial has a PEG Ratio of 1.33. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Sun Life Financial has a P/B Ratio of 2.04. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for SLF.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Leadership

Sun Life Financial is a leading dividend payer. It pays a dividend yield of 4.10%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Sun Life Financial does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Sun Life Financial is 61.36%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for SLF.

News and Social Media

• Score: 2.7 / 5
• News Sentiment: 0.79

News Sentiment

Sun Life Financial has a news sentiment score of 0.79. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Financial Services companies.

News Coverage This Week

MarketBeat has tracked 8 news articles for Sun Life Financial this week, compared to 2 articles on an average week.

Search Interest

13 people have searched for SLF on MarketBeat in the last 30 days. This is an increase of 8% compared to the previous 30 days.

MarketBeat Follows

Only 3 people have added Sun Life Financial to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Sun Life Financial insiders have sold 3,594.04% more of their company's stock than they have bought. Specifically, they have bought C$35,000.00 in company stock and sold C$1,292,914.00 in company stock.

Percentage Held by Insiders

Only 0.03% of the stock of Sun Life Financial is held by insiders.

Percentage Held by Institutions

56.45% of the stock of Sun Life Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

SLF Stock Analysis - Frequently Asked Questions

How have SLF shares performed this year?

Sun Life Financial's stock was trading at C$68.72 at the beginning of 2024. Since then, SLF shares have increased by 14.8% and is now trading at C$78.90.
View the best growth stocks for 2024 here.

How were Sun Life Financial's earnings last quarter?

Sun Life Financial Inc. (TSE:SLF) issued its quarterly earnings results on Monday, August, 12th. The financial services provider reported $1.71 EPS for the quarter, topping analysts' consensus estimates of $1.58 by $0.13. The financial services provider earned $8.92 billion during the quarter, compared to analyst estimates of $9.18 billion. Sun Life Financial had a trailing twelve-month return on equity of 13.65% and a net margin of 9.90%.

How do I buy shares of Sun Life Financial?

Shares of SLF stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What other stocks do shareholders of Sun Life Financial own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Sun Life Financial investors own include Intact Financial (IFC), Constellation Software (CSU), Toronto-Dominion Bank (TD), Alimentation Couche-Tard (ATD.B), AutoCanada (ACQ), Royal Bank of Canada (RY) and AbbVie (ABBV).

Company Calendar

• Last Earnings: 8/12/2024
• Ex-Dividend for 9/27 Dividend: 8/28/2024
• Dividend Payable: 9/27/2024
• Today: 10/17/2024
• Next Earnings (Estimated): 11/11/2024

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Financial Services
• Industry: Insurance - Diversified
• Sub-Industry: Insurance
• Current Symbol: TSE:SLF
• CUSIP: N/A
• CIK: N/A
• Web: www.sunlife.com
• Phone: +1-416-9794800
• Fax: N/A
• Employees: 29,200
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$76.82
• High Stock Price Target: C$89.00
• Low Stock Price Target: C$72.00
• Potential Upside/Downside: -2.6%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.70
• Research Coverage: 10 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C$5.28
• Trailing P/E Ratio: 14.94
• Forward P/E Ratio: 11.40
• P/E Growth: 1.33
• Net Income: C$3.08 billion
• Net Margins: 9.90%
• Pretax Margin: N/A
• Return on Equity: 13.65%
• Return on Assets: 0.81%

Debt

• Debt-to-Equity Ratio: 53.77
• Current Ratio: 65.29
• Quick Ratio: 84,866.00

Sales & Book Value

• Annual Sales: C$31.95 billion
• Price / Sales: 1.42
• Cash Flow: C$181.34 per share
• Price / Cash Flow: 0.44
• Book Value: C$38.68 per share
• Price / Book: 2.04

Miscellaneous

• Outstanding Shares: 576,490,000
• Free Float: N/A
• Market Cap: C$45.49 billion
• Optionable: Not Optionable
• Beta: 0.94