Sun Life Financial Inc. (NYSE:SLF) to Post Q1 2022 Earnings of $1.11 Per Share, National Bank Financial Forecasts

Sun Life Financial Inc. (NYSE:SLFGet Rating) (TSE:SLF) – Research analysts at National Bank Financial issued their Q1 2022 earnings estimates for Sun Life Financial in a note issued to investors on Tuesday, April 19th. National Bank Financial analyst G. Dechaine forecasts that the financial services provider will post earnings of $1.11 per share for the quarter. National Bank Financial also issued estimates for Sun Life Financial’s Q2 2022 earnings at $1.11 EPS, Q3 2022 earnings at $1.32 EPS, Q4 2022 earnings at $1.34 EPS, FY2022 earnings at $4.88 EPS and FY2023 earnings at $5.55 EPS.

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 analysts’ consensus estimates of $1.22 by ($0.01). Sun Life Financial had a return on equity of 13.96% and a net margin of 11.26%. The company had revenue of $10.31 billion during the quarter. During the same quarter last year, the firm earned $1.13 EPS.

A number of other equities analysts have also recently weighed in on SLF. BMO Capital Markets reduced their price target on Sun Life Financial from C$81.00 to C$80.00 in a report on Friday, February 11th. Scotiabank reduced their price target on Sun Life Financial from C$78.00 to C$76.00 in a report on Friday, February 11th. StockNews.com began coverage on Sun Life Financial in a report on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Zacks Investment Research reaffirmed a “hold” rating on shares of Sun Life Financial in a report on Thursday, March 17th. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $73.45.

Shares of SLF opened at $54.01 on Friday. Sun Life Financial has a 52 week low of $48.85 and a 52 week high of $58.49. The company has a market capitalization of $31.65 billion, a price-to-earnings ratio of 10.13, a PEG ratio of 1.22 and a beta of 1.05. The stock’s 50-day moving average price is $54.19 and its 200-day moving average price is $55.20.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 31st. Investors of record on Wednesday, March 2nd were issued a $0.5191 dividend. This represents a $2.08 annualized dividend and a dividend yield of 3.84%. The ex-dividend date was Tuesday, March 1st. This is a boost from Sun Life Financial’s previous quarterly dividend of $0.44. Sun Life Financial’s dividend payout ratio (DPR) is currently 39.02%.

Several large investors have recently bought and sold shares of SLF. Janney Montgomery Scott LLC increased its holdings in shares of Sun Life Financial by 57.7% in the third quarter. Janney Montgomery Scott LLC now owns 15,542 shares of the financial services provider’s stock valued at $800,000 after purchasing an additional 5,687 shares during the last quarter. Whittier Trust Co. purchased a new position in Sun Life Financial in the third quarter worth approximately $144,000. AE Wealth Management LLC grew its position in Sun Life Financial by 9.7% in the third quarter. AE Wealth Management LLC now owns 13,191 shares of the financial services provider’s stock worth $679,000 after acquiring an additional 1,170 shares during the period. Cambridge Investment Research Advisors Inc. grew its position in Sun Life Financial by 1.5% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 13,740 shares of the financial services provider’s stock worth $707,000 after acquiring an additional 202 shares during the period. Finally, Raymond James Financial Services Advisors Inc. grew its position in Sun Life Financial by 22.9% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 22,937 shares of the financial services provider’s stock worth $1,179,000 after acquiring an additional 4,279 shares during the period. 47.16% of the stock is owned by hedge funds and other institutional investors.

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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Earnings History and Estimates for Sun Life Financial (NYSE:SLF)

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