Sun Life Financial Inc. (NYSE:SLF) Given Average Rating of “Hold” by Analysts

Shares of Sun Life Financial Inc. (NYSE:SLFGet Rating) (TSE:SLF) have been given a consensus recommendation of “Hold” by the eleven brokerages that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $75.39.

Several brokerages have commented on SLF. BMO Capital Markets lowered their target price on shares of Sun Life Financial from C$81.00 to C$80.00 in a research note on Friday, February 11th. StockNews.com initiated coverage on shares of Sun Life Financial in a research report on Thursday, March 31st. They set a “hold” rating for the company. Zacks Investment Research reissued a “hold” rating on shares of Sun Life Financial in a research report on Thursday, March 17th. National Bank Financial downgraded shares of Sun Life Financial from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from $79.00 to $77.00 in a research report on Thursday, February 10th. Finally, Scotiabank lowered their price objective on shares of Sun Life Financial from C$78.00 to C$76.00 in a research report on Friday, February 11th.

Several hedge funds have recently bought and sold shares of SLF. Paragon Capital Management Ltd bought a new position in shares of Sun Life Financial in the 4th quarter worth about $26,000. AdvisorNet Financial Inc increased its holdings in Sun Life Financial by 149.5% during the 1st quarter. AdvisorNet Financial Inc now owns 499 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 299 shares in the last quarter. CENTRAL TRUST Co bought a new stake in Sun Life Financial during the 4th quarter worth approximately $33,000. Pacifica Partners Inc. increased its holdings in Sun Life Financial by 231.4% during the 4th quarter. Pacifica Partners Inc. now owns 855 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 597 shares in the last quarter. Finally, Dixon Hughes Goodman Wealth Advisors LLC purchased a new position in shares of Sun Life Financial in the 4th quarter worth approximately $55,000. 47.16% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE SLF opened at $54.31 on Tuesday. Sun Life Financial has a fifty-two week low of $48.85 and a fifty-two week high of $58.49. The firm has a market capitalization of $31.83 billion, a P/E ratio of 10.19, a P/E/G ratio of 1.22 and a beta of 1.05. The company’s 50 day simple moving average is $54.29 and its 200 day simple moving average is $55.20.

Sun Life Financial (NYSE:SLFGet Rating) (TSE:SLF) last issued its earnings results on Wednesday, February 9th. The financial services provider reported $1.21 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.22 by ($0.01). Sun Life Financial had a net margin of 11.26% and a return on equity of 13.96%. The firm had revenue of $10.31 billion during the quarter. During the same period in the previous year, the firm earned $1.13 earnings per share. Equities research analysts anticipate that Sun Life Financial will post 4.97 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 31st. Shareholders of record on Wednesday, March 2nd were issued a dividend of $0.5191 per share. The ex-dividend date was Tuesday, March 1st. This is an increase from Sun Life Financial’s previous quarterly dividend of $0.44. This represents a $2.08 annualized dividend and a yield of 3.82%. Sun Life Financial’s payout ratio is presently 39.02%.

Sun Life Financial Company Profile (Get Rating)

Sun Life Financial Inc, a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients worldwide. It offers term and permanent life, as well as personal health, dental, critical illness, long-term care, and disability insurance products. The company also provides reinsurance products; investment counselling and portfolio management services; mutual funds and segregated funds; trust and banking services; real estate property brokerage and appraisal services; and merchant banking services.

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Analyst Recommendations for Sun Life Financial (NYSE:SLF)

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