Sun Life Financial (SLF) – Analysts’ Recent Ratings Updates

A number of firms have modified their ratings and price targets on shares of Sun Life Financial (TSE: SLF) recently:

• 11/14/2024 – Sun Life Financial had its price target raised by analysts at TD Securities from C$81.00 to C$87.00. They now have a “hold” rating on the stock.
• 11/14/2024 – Sun Life Financial had its price target raised by analysts at Barclays PLC from C$79.00 to C$82.00.
• 11/14/2024 – Sun Life Financial had its price target raised by analysts at Jefferies Financial Group Inc. from C$90.00 to C$94.00.
• 11/14/2024 – Sun Life Financial had its price target raised by analysts at Scotiabank from C$85.00 to C$96.00.
• 11/13/2024 – Sun Life Financial had its price target raised by analysts at CIBC from C$90.00 to C$96.00.
• 11/6/2024 – Sun Life Financial had its price target raised by analysts at Royal Bank of Canada from C$78.00 to C$82.00.
• 11/5/2024 – Sun Life Financial had its price target raised by analysts at Barclays PLC from C$76.00 to C$79.00.
• 11/5/2024 – Sun Life Financial had its price target raised by analysts at Cormark from C$82.00 to C$85.00.
• 11/5/2024 – Sun Life Financial had its price target raised by analysts at TD Securities from C$77.00 to C$81.00.
• 10/30/2024 – Sun Life Financial had its price target raised by analysts at CIBC from C$80.00 to C$90.00. They now have an “outperform” rating on the stock.
• 10/30/2024 – Sun Life Financial had its price target raised by analysts at Scotiabank from C$73.00 to C$85.00. They now have an “outperform” rating on the stock.
• 10/16/2024 – Sun Life Financial had its price target raised by analysts at Jefferies Financial Group Inc. from C$81.00 to C$89.00. They now have a “buy” rating on the stock.

Sun Life Financial Stock Performance

SLF stock opened at C$87.07 on Thursday. The company has a quick ratio of 84,866.00, a current ratio of 65.29 and a debt-to-equity ratio of 53.77. The business’s fifty day simple moving average is C$81.00 and its two-hundred day simple moving average is C$73.54. Sun Life Financial Inc. has a twelve month low of C$64.38 and a twelve month high of C$87.38. The firm has a market cap of C$50.19 billion, a price-to-earnings ratio of 16.49, a PEG ratio of 1.33 and a beta of 0.94.

Sun Life Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Wednesday, November 27th will be paid a $0.84 dividend. This represents a $3.36 annualized dividend and a yield of 3.86%. The ex-dividend date is Wednesday, November 27th. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.81. Sun Life Financial’s payout ratio is 61.36%.

Insider Buying and Selling at Sun Life Financial

In other Sun Life Financial news, Senior Officer Linda Dougherty purchased 5,800 shares of the stock in a transaction on Friday, November 15th. The stock was acquired at an average price of C$84.83 per share, with a total value of C$492,014.00. Also, Director Kevin Strain sold 85,943 shares of Sun Life Financial stock in a transaction dated Friday, November 15th. The stock was sold at an average price of C$84.71, for a total value of C$7,280,231.53. 0.03% of the stock is owned by insiders.

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.