Cormark Raises Earnings Estimates for Sun Life Financial

Sun Life Financial Inc. (TSE:SLF - Free Report) NYSE: SLF - Analysts at Cormark upped their FY2025 earnings estimates for shares of Sun Life Financial in a research report issued to clients and investors on Tuesday, November 5th. Cormark analyst L. Persaud now expects that the financial services provider will post earnings per share of $7.50 for the year, up from their prior estimate of $7.47. The consensus estimate for Sun Life Financial's current full-year earnings is $6.92 per share.

Several other research firms have also recently issued reports 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. Scotiabank lifted their price objective on shares of Sun Life Financial from C$73.00 to C$85.00 and gave the company an "outperform" rating in a research report on Wednesday, October 30th. National Bankshares lifted their price objective on shares of Sun Life Financial from C$72.00 to C$73.00 and gave the company a "sector perform" rating in a research report on Tuesday, August 13th. Barclays lifted their price objective on shares of Sun Life Financial from C$76.00 to C$79.00 in a research report on Tuesday. Finally, TD Securities lifted their price objective on shares of Sun Life Financial from C$77.00 to C$81.00 in a research report on Tuesday. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, Sun Life Financial presently has a consensus rating of "Moderate Buy" and a consensus target price of C$81.36.

Sun Life Financial Price Performance

Shares of Sun Life Financial stock traded up C$2.14 on Wednesday, hitting C$82.08. 3,175,447 shares of the company traded hands, compared to its average volume of 2,041,312. The stock has a market capitalization of C$47.32 billion, a P/E ratio of 15.55, a price-to-earnings-growth ratio of 1.33 and a beta of 0.94. The company has a debt-to-equity ratio of 53.77, a quick ratio of 84,866.00 and a current ratio of 65.29. Sun Life Financial has a 52 week low of C$64.38 and a 52 week high of C$82.27. The business has a 50-day simple moving average of C$77.10 and a 200 day simple moving average of C$71.66.

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 EPS for the quarter, topping analysts' consensus estimates of C$1.58 by C$0.13. Sun Life Financial had a net margin of 9.90% and a return on equity of 13.65%. The company had revenue of C$8.92 billion for the quarter, compared to analysts' expectations of C$9.18 billion.

Insiders Place Their Bets

In other Sun Life Financial news, Senior Officer Daniel Fishbein sold 15,999 shares of Sun Life Financial stock in a transaction on 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. In related news, Director Stephanie Coyles bought 500 shares of the stock in a transaction dated 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 completion of 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 business's stock in a transaction on 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 owned by insiders.

Sun Life Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a yield of 4.09%. This is a positive change from Sun Life Financial's previous quarterly dividend of $0.81. The ex-dividend date of this dividend is Wednesday, November 27th. Sun Life Financial's payout ratio is presently 61.36%.

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.