Research Analysts Set Expectations for SLF FY2025 Earnings

Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) – Research analysts at Cormark upped their FY2025 earnings per share (EPS) estimates for Sun Life Financial in a research note issued to investors on Wednesday, April 30th. Cormark analyst L. Persaud now expects that the financial services provider will earn $5.23 per share for the year, up from their prior forecast of $5.10. Cormark currently has a “Moderate Buy” rating on the stock. The consensus estimate for Sun Life Financial’s current full-year earnings is $5.19 per share. Cormark also issued estimates for Sun Life Financial’s FY2026 earnings at $5.67 EPS.

Several other brokerages have also recently issued reports on SLF. National Bank Financial raised Sun Life Financial from a “sector perform” rating to an “outperform” rating in a research report on Wednesday, January 15th. StockNews.com cut Sun Life Financial from a “buy” rating to a “hold” rating in a research report on Wednesday, February 5th. Two analysts have rated the stock with a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

Sun Life Financial Stock Up 1.6 %

SLF opened at $60.05 on Friday. Sun Life Financial has a 52 week low of $46.41 and a 52 week high of $62.85. The company has a market capitalization of $34.08 billion, a P/E ratio of 15.64, a PEG ratio of 1.52 and a beta of 0.90. The stock’s fifty day moving average is $56.41 and its two-hundred day moving average is $57.90.

Sun Life Financial (NYSE:SLF) (TSE:SLF) last posted its earnings results on Wednesday, February 12th. The financial services provider reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.90 by $0.30. Sun Life Financial had a net margin of 8.08% and a return on equity of 16.86%.

Sun Life Financial Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Wednesday, February 26th were given a dividend of $0.5876 per share. This represents a $2.35 annualized dividend and a dividend yield of 3.91%. The ex-dividend date was Wednesday, February 26th. Sun Life Financial’s payout ratio is 60.16%.

Hedge Funds Weigh In On Sun Life Financial

Hedge funds and other institutional investors have recently modified their holdings of the business. Norges Bank acquired a new position in Sun Life Financial during the fourth quarter worth $382,176,000. Intact Investment Management Inc. increased its holdings in shares of Sun Life Financial by 295.5% during the 4th quarter. Intact Investment Management Inc. now owns 1,911,027 shares of the financial services provider’s stock worth $113,453,000 after buying an additional 1,427,815 shares during the last quarter. Wellington Management Group LLP grew its position in Sun Life Financial by 2,071.4% in the fourth quarter. Wellington Management Group LLP now owns 1,350,751 shares of the financial services provider’s stock worth $80,160,000 after acquiring an additional 1,288,545 shares during the period. Canada Pension Plan Investment Board increased its stake in Sun Life Financial by 71.9% during the fourth quarter. Canada Pension Plan Investment Board now owns 2,867,939 shares of the financial services provider’s stock worth $170,068,000 after acquiring an additional 1,200,000 shares during the last quarter. Finally, Value Partners Investments Inc. lifted its stake in shares of Sun Life Financial by 1,002.9% in the 1st quarter. Value Partners Investments Inc. now owns 1,120,888 shares of the financial services provider’s stock valued at $64,216,000 after purchasing an additional 1,019,254 shares during the last quarter. 52.26% of the stock is owned by hedge funds and other institutional investors.

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.