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TSE:SLF

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

C$74.01
+0.21 (+0.28%)
(As of 10:33 AM ET)
Today's Range
C$73.92
C$74.39
50-Day Range
C$67.59
C$74.52
52-Week Range
C$61.84
C$74.94
Volume
91,987 shs
Average Volume
2.01 million shs
Market Capitalization
C$43.20 billion
P/E Ratio
14.07
Dividend Yield
4.22%
Price Target
C$76.50

Sun Life Financial MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
3.7% Upside
C$76.50 Price Target
Short Interest
N/A
Dividend Strength
Moderate
Based on Four Factors
Sustainability
N/A
News Sentiment
0.21mentions of Sun Life Financial in the last 14 days
Based on 5 Articles This Week
Insider Trading
Selling Shares
C$1.19 M Sold Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.00 out of 5 stars

SLF stock logo

About Sun Life Financial Stock (TSE:SLF)

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.

SLF Stock Price History

SLF Stock News Headlines

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Canadian insurer Sun Life names Timothy Deacon as CFO
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Why Should You Stay Invested in Sun Life (SLF) Stock Now?
Sun Life Financial Inc's Dividend Analysis
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Company Calendar

Ex-Dividend for 12/29 Dividend
11/28/2023
Dividend Payable
12/29/2023
Last Earnings
2/07/2024
Ex-Dividend for 3/28 Dividend
2/27/2024
Today
3/27/2024
Dividend Payable
3/28/2024
Next Earnings (Estimated)
5/09/2024

Industry, Sector and Symbol

Industry
Insurance - Diversified
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
30,941
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$76.50
High Stock Price Target
C$83.00
Low Stock Price Target
C$72.00
Potential Upside/Downside
+3.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
8 Analysts

Profitability

Net Income
C$3.09 billion
Pretax Margin
N/A

Debt

Quick Ratio
84,866.00

Sales & Book Value

Annual Sales
C$30.85 billion
Cash Flow
C$169.62 per share
Book Value
C$37.29 per share

Miscellaneous

Free Float
N/A
Market Cap
C$43.08 billion
Optionable
Not Optionable
Beta
0.97
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Key Executives

  • Mr. Kevin David Strain C.A. (Age 58)
    CPA, President, CEO & Director
    Comp: $2.71M
  • Mr. Stephen Clarkson Peacher CFA (Age 60)
    President of SLC Management
    Comp: $3.43M
  • Mr. Daniel Richard Fishbein
    President of Sun Life U.S.
  • Mr. Jacques Goulet Jr. (Age 57)
    President of Sun Life Canada
    Comp: $1.58M
  • Ms. Laura Ann Money
    Executive VP and Chief Information & Technology Innovation Officer
  • Mr. David Garg
    Senior VP of Capital Management & Investor Relations
  • Ms. Melissa Jane Kennedy (Age 61)
    Executive VP and Chief Legal Officer & Public Policy Officer
  • Ms. Anne C. Sonnen
    Senior VP & Chief Compliance Officer
  • Aishling Cullen
    Vice President of Corporate Communications
  • Michael Joyce
    Executive Vice President of Sales

Should I Buy Sun Life Financial Stock? SLF Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Sun Life Financial was last updated on Monday, March 25, 2024 at 11:32 PM.

Pros

Here are some ways that investors could benefit from investing in Sun Life Financial Inc.:

  • Sun Life Financial Inc. has shown consistent growth in its asset management segment, indicating strong financial performance.
  • The company offers a diverse range of insurance products, including personal health and retirement planning services, catering to various customer needs.
  • Recent investments in alternative credit by Sun Life Financial Inc. have shown promising returns, diversifying its portfolio.
  • With a history dating back to 1871, Sun Life Financial Inc. has a long-standing reputation and experience in the financial services industry.
  • The current stock price of Sun Life Financial Inc. is competitive, offering potential value for investors.

Cons

Investors should be bearish about investing in Sun Life Financial Inc. for these reasons:

  • The competitive landscape in the insurance industry may pose challenges for Sun Life Financial Inc. to maintain market share.
  • Economic uncertainties and fluctuations could impact the company's investment products and asset management performance.
  • Regulatory changes in different regions where Sun Life Financial Inc. operates may affect its business operations and profitability.
  • The company's exposure to various financial markets and products carries inherent risks, subject to market volatility.
  • Global economic conditions and geopolitical factors could influence Sun Life Financial Inc.'s financial results and growth prospects.

SLF Stock Analysis - Frequently Asked Questions

Should I buy or sell Sun Life Financial stock right now?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sun Life Financial in the last year. There are currently 2 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" SLF shares.
View SLF analyst ratings
or view top-rated stocks.

What is Sun Life Financial's stock price target for 2024?

8 Wall Street research analysts have issued 1-year target prices for Sun Life Financial's stock. Their SLF share price targets range from C$72.00 to C$83.00. On average, they anticipate the company's share price to reach C$76.50 in the next twelve months. This suggests a possible upside of 3.7% from the stock's current price.
View analysts price targets for SLF
or view top-rated stocks among Wall Street analysts.

How have SLF shares performed in 2024?

Sun Life Financial's stock was trading at C$68.72 at the beginning of the year. Since then, SLF stock has increased by 7.4% and is now trading at C$73.80.
View the best growth stocks for 2024 here
.

When is Sun Life Financial's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 9th 2024.
View our SLF earnings forecast
.

How were Sun Life Financial's earnings last quarter?

Sun Life Financial Inc. (TSE:SLF) announced its earnings results on Wednesday, February, 7th. The financial services provider reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.09. The financial services provider earned $18.68 billion during the quarter. Sun Life Financial had a net margin of 10.26% and a trailing twelve-month return on equity of 13.98%.

How often does Sun Life Financial pay dividends? What is the dividend yield for Sun Life Financial?

Sun Life Financial declared a quarterly dividend on Tuesday, February 27th. Stockholders of record on Wednesday, February 28th will be given a dividend of 0.78 per share on Thursday, March 28th. This represents a $3.12 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date of this dividend is Tuesday, February 27th. This is a positive change from the stock's previous quarterly dividend of C$0.75.
Read our dividend analysis for SLF
.

Is Sun Life Financial a good dividend stock?

Sun Life Financial (TSE:SLF) pays an annual dividend of C$3.12 per share and currently has a dividend yield of 4.25%. SLF has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 59.32%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for SLF.

What other stocks do shareholders of Sun Life Financial own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Sun Life Financial investors own include Intact Financial (IFC), Constellation Software (CSU), Alimentation Couche-Tard (ATD.B), AutoCanada (ACQ), Toronto-Dominion Bank (TD), AbbVie (ABBV), Vermilion Energy (VET), Enbridge (ENB), BCE (BCE) and Manulife Financial (MFC).

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.

This page (TSE:SLF) was last updated on 3/28/2024 by MarketBeat.com Staff

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