Cormark Raises Earnings Estimates for Sun Life Financial

Sun Life Financial Inc. (TSE:SLF) (NYSE:SLF) – Investment analysts at Cormark increased their FY2026 EPS estimates for shares of Sun Life Financial in a research report issued to clients and investors on Wednesday, April 30th. Cormark analyst L. Persaud now anticipates that the financial services provider will post earnings per share of $7.87 for the year, up from their previous estimate of $7.86. Cormark currently has a “Moderate Buy” rating on the stock. The consensus estimate for Sun Life Financial’s current full-year earnings is $6.92 per share.

Several other equities research analysts have also recently weighed in on SLF. National Bankshares dropped their target price on Sun Life Financial from C$95.00 to C$93.00 and set an “outperform” rating for the company in a report on Thursday, February 13th. Jefferies Financial Group dropped their price objective on Sun Life Financial from C$96.00 to C$90.00 in a research note on Monday, April 21st. Scotiabank decreased their target price on shares of Sun Life Financial from C$94.00 to C$90.00 and set an “outperform” rating on the stock in a research note on Thursday. CIBC dropped their price target on shares of Sun Life Financial from C$94.00 to C$89.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, Barclays increased their price objective on Sun Life Financial from C$85.00 to C$87.00 in a report on Friday, April 11th. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$85.70.

Sun Life Financial Stock Performance

TSE SLF opened at C$82.95 on Friday. The firm has a market cap of C$47.38 billion, a price-to-earnings ratio of 12.51, a PEG ratio of 1.33 and a beta of 0.94. The company has a 50-day simple moving average of C$79.87 and a two-hundred day simple moving average of C$82.02. The company has a quick ratio of 84,866.00, a current ratio of 92.19 and a debt-to-equity ratio of 26.00. Sun Life Financial has a 12-month low of C$64.38 and a 12-month high of C$88.54.

Sun Life Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 31st were issued a $0.84 dividend. This represents a $3.36 annualized dividend and a yield of 4.05%. The ex-dividend date of this dividend was Wednesday, February 26th. Sun Life Financial’s dividend payout ratio (DPR) is 48.87%.

Sun Life Financial Company Profile

Sun Life Financial is one of Canada’s Big Three life insurance companies along with Great-West Lifeco and Manulife. Sun Life provides insurance, retirement, and wealth-management services to individual and corporate customers in Canada, the United States, and Asia. It also owns MFS Investment Management, a Boston-based asset-management firm.