Sun Life Financial Inc. (NYSE:SLF – Free Report) (TSE:SLF) – National Bank Financial reduced their FY2024 EPS estimates for shares of Sun Life Financial in a research report issued to clients and investors on Tuesday, January 14th. National Bank Financial analyst G. Dechaine now anticipates that the financial services provider will post earnings per share of $4.67 for the year, down from their previous estimate of $4.86. National Bank Financial currently has a “Outperform” rating on the stock. The consensus estimate for Sun Life Financial’s current full-year earnings is $4.85 per share. National Bank Financial also issued estimates for Sun Life Financial’s Q4 2024 earnings at $1.26 EPS and FY2025 earnings at $5.23 EPS.
Separately, StockNews.com cut Sun Life Financial from a “buy” rating to a “hold” rating in a report on Tuesday, November 19th. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Sun Life Financial presently has an average rating of “Moderate Buy”.
Sun Life Financial Stock Down 0.4 %
SLF opened at $58.83 on Friday. The business’s fifty day simple moving average is $59.96 and its 200 day simple moving average is $55.89. Sun Life Financial has a 52 week low of $46.41 and a 52 week high of $62.85. The stock has a market cap of $33.85 billion, a PE ratio of 13.10, a P/E/G ratio of 1.53 and a beta of 1.03.
Institutional Trading of Sun Life Financial
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Assetmark Inc. increased its stake in shares of Sun Life Financial by 2,747.4% in the third quarter. Assetmark Inc. now owns 541 shares of the financial services provider’s stock worth $31,000 after buying an additional 522 shares during the period. Addison Advisors LLC increased its position in shares of Sun Life Financial by 124.9% in the third quarter. Addison Advisors LLC now owns 650 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 361 shares during the period. Clean Yield Group purchased a new position in shares of Sun Life Financial in the third quarter valued at about $39,000. Dixon Mitchell Investment Counsel Inc. bought a new position in shares of Sun Life Financial during the fourth quarter valued at about $45,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Sun Life Financial during the third quarter worth about $51,000. Institutional investors own 52.26% of the company’s stock.
Sun Life Financial Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Wednesday, November 27th were given a dividend of $0.621 per share. This represents a $2.48 annualized dividend and a yield of 4.22%. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.59. The ex-dividend date was Wednesday, November 27th. Sun Life Financial’s dividend payout ratio is presently 57.46%.
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.
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