Cormark Increases Earnings Estimates for Sun Life Financial

Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) – Cormark boosted their FY2025 earnings per share (EPS) estimates for Sun Life Financial in a research report issued to clients and investors on Friday, August 8th. Cormark analyst L. Persaud now expects that the financial services provider will post earnings per share of $5.31 for the year, up from their previous forecast of $5.28. 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 $5.76 EPS.

SLF has been the topic of several other research reports. BMO Capital Markets restated an “outperform” rating on shares of Sun Life Financial in a research report on Monday, May 12th. Scotiabank upgraded Sun Life Financial to a “hold” rating in a research report on Thursday, July 31st. Royal Bank Of Canada lifted their price objective on Sun Life Financial from $82.00 to $88.00 and gave the stock an “outperform” rating in a research report on Monday, May 12th. Finally, Barclays downgraded Sun Life Financial from an “equal weight” rating to an “underweight” rating in a research report on Monday, July 7th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Sun Life Financial has a consensus rating of “Hold” and a consensus price target of $88.00.

Sun Life Financial Trading Down 7.9%

Shares of SLF stock opened at $56.65 on Monday. The company has a market capitalization of $31.90 billion, a P/E ratio of 14.02, a P/E/G ratio of 1.51 and a beta of 0.90. The business’s 50 day moving average is $63.31 and its two-hundred day moving average is $59.82. Sun Life Financial has a 12-month low of $47.60 and a 12-month high of $66.81.

Sun Life Financial (NYSE:SLF) (TSE:SLF) last issued its quarterly earnings results on Thursday, August 7th. The financial services provider reported $1.29 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.29. The company had revenue of $6.65 billion for the quarter, compared to the consensus estimate of $7.34 billion. Sun Life Financial had a return on equity of 17.08% and a net margin of 7.59%. During the same quarter in the prior year, the business posted $1.11 earnings per share.

Hedge Funds Weigh In On Sun Life Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Financial Gravity Companies Inc. acquired a new stake in shares of Sun Life Financial in the 2nd quarter worth approximately $64,000. Ontario Teachers Pension Plan Board grew its holdings in shares of Sun Life Financial by 41.1% in the 2nd quarter. Ontario Teachers Pension Plan Board now owns 61,113 shares of the financial services provider’s stock worth $4,069,000 after acquiring an additional 17,799 shares during the period. Intech Investment Management LLC grew its holdings in shares of Sun Life Financial by 36.4% in the 2nd quarter. Intech Investment Management LLC now owns 23,762 shares of the financial services provider’s stock worth $1,578,000 after acquiring an additional 6,336 shares during the period. Cetera Investment Advisers grew its holdings in shares of Sun Life Financial by 2.4% in the 2nd quarter. Cetera Investment Advisers now owns 64,370 shares of the financial services provider’s stock worth $4,277,000 after acquiring an additional 1,514 shares during the period. Finally, Creative Planning grew its holdings in shares of Sun Life Financial by 12.1% in the 2nd quarter. Creative Planning now owns 67,462 shares of the financial services provider’s stock worth $4,483,000 after acquiring an additional 7,306 shares during the period. Institutional investors and hedge funds own 52.26% of the company’s stock.

Sun Life Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Shareholders of record on Wednesday, August 27th will be given a dividend of $0.6394 per share. This represents a $2.56 annualized dividend and a yield of 4.5%. The ex-dividend date is Wednesday, August 27th. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.63. Sun Life Financial’s payout ratio is presently 63.12%.

About Sun Life Financial

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.