Q2 2022 Earnings Forecast for Sun Life Financial Inc. (NYSE:SLF) Issued By Cormark

Sun Life Financial Inc. (NYSE:SLFGet Rating) (TSE:SLF) – Cormark dropped their Q2 2022 earnings per share estimates for shares of Sun Life Financial in a research report issued to clients and investors on Friday, May 13th. Cormark analyst L. Persaud now forecasts that the financial services provider will post earnings per share of $1.19 for the quarter, down from their previous estimate of $1.24. Cormark also issued estimates for Sun Life Financial’s Q3 2022 earnings at $1.23 EPS, Q4 2022 earnings at $1.24 EPS, FY2022 earnings at $4.79 EPS, Q1 2023 earnings at $1.33 EPS, Q2 2023 earnings at $1.37 EPS, Q3 2023 earnings at $1.37 EPS, Q4 2023 earnings at $1.37 EPS and FY2023 earnings at $5.44 EPS.

Other analysts have also recently issued research reports about the stock. 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. BMO Capital Markets decreased their price target on shares of Sun Life Financial from C$80.00 to C$75.00 in a report on Friday. TD Securities decreased their price target on shares of Sun Life Financial from C$76.00 to C$72.00 in a report on Thursday. Scotiabank decreased their price target on shares of Sun Life Financial from C$71.00 to C$67.00 in a report on Friday. Finally, Canaccord Genuity Group decreased their price target on shares of Sun Life Financial from C$75.50 to C$67.00 in a report on Sunday. One investment 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. According to data from MarketBeat.com, Sun Life Financial presently has an average rating of “Hold” and an average price target of $71.14.

Shares of Sun Life Financial stock opened at $47.62 on Monday. The firm has a fifty day moving average of $53.22 and a two-hundred day moving average of $54.50. The stock has a market capitalization of $27.91 billion, a price-to-earnings ratio of 9.11, a PEG ratio of 1.06 and a beta of 1.06. Sun Life Financial has a 52 week low of $46.23 and a 52 week high of $58.49.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Investors of record on Wednesday, June 1st will be paid a $0.537 dividend. The ex-dividend date is Tuesday, May 31st. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.52. This represents a $2.15 dividend on an annualized basis and a yield of 4.51%. Sun Life Financial’s dividend payout ratio is presently 39.77%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Brinker Capital Investments LLC boosted its stake in shares of Sun Life Financial by 1.4% during the 4th quarter. Brinker Capital Investments LLC now owns 12,828 shares of the financial services provider’s stock worth $714,000 after buying an additional 173 shares during the last quarter. JCIC Asset Management Inc. boosted its stake in shares of Sun Life Financial by 0.8% during the 1st quarter. JCIC Asset Management Inc. now owns 26,721 shares of the financial services provider’s stock worth $1,492,000 after buying an additional 205 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Sun Life Financial by 8.9% during the 4th quarter. Quadrant Capital Group LLC now owns 2,735 shares of the financial services provider’s stock worth $152,000 after buying an additional 224 shares during the last quarter. Cetera Advisor Networks LLC boosted its stake in shares of Sun Life Financial by 2.4% during the 1st quarter. Cetera Advisor Networks LLC now owns 10,835 shares of the financial services provider’s stock worth $605,000 after buying an additional 250 shares during the last quarter. Finally, Eaton Vance Management boosted its stake in shares of Sun Life Financial by 3.9% during the 3rd quarter. Eaton Vance Management now owns 6,688 shares of the financial services provider’s stock worth $271,000 after buying an additional 253 shares during the last quarter. 47.14% 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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