FY2025 EPS Estimate for Sun Life Financial Raised by Analyst

Sun Life Financial Inc. (TSE:SLF) (NYSE:SLF) – Equities researchers at Cormark increased their FY2025 earnings per share estimates for Sun Life Financial in a research report issued on Tuesday, November 5th. Cormark analyst L. Persaud now anticipates that the financial services provider will post earnings of $7.50 per share for the year, up from their prior estimate of $7.47. The consensus estimate for Sun Life Financial’s current full-year earnings is $6.92 per share.

SLF has been the subject of a number of other research reports. TD Securities raised their target price on Sun Life Financial from C$77.00 to C$81.00 in a report on Tuesday. Evercore cut their price objective on shares of Sun Life Financial from C$76.00 to C$75.00 in a report on Thursday, July 11th. Royal Bank of Canada increased their target price on shares of Sun Life Financial from C$78.00 to C$82.00 in a report on Wednesday. CIBC lifted their price target on Sun Life Financial from C$80.00 to C$90.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Finally, Jefferies Financial Group boosted their price target on shares of Sun Life Financial from C$81.00 to C$89.00 and gave the stock a “buy” rating in a report on Wednesday, October 16th. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$81.36.

Sun Life Financial Trading Up 2.7 %

Shares of Sun Life Financial stock opened at C$82.08 on Wednesday. Sun Life Financial has a 52 week low of C$64.38 and a 52 week high of C$82.27. The stock has a 50 day moving average price of C$77.10 and a two-hundred day moving average price of C$71.66. The company has a debt-to-equity ratio of 53.77, a quick ratio of 84,866.00 and a current ratio of 65.29. The stock has a market capitalization of C$47.32 billion, a PE ratio of 15.55, a price-to-earnings-growth ratio of 1.33 and a beta of 0.94.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last announced its quarterly earnings data on Monday, August 12th. The financial services provider reported C$1.71 earnings per share for the quarter, beating the consensus estimate of C$1.58 by C$0.13. The firm had revenue of C$8.92 billion for the quarter, compared to analyst estimates of C$9.18 billion. Sun Life Financial had a net margin of 9.90% and a return on equity of 13.65%.

Sun Life Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st will be paid a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a yield of 4.09%. The ex-dividend date of this dividend is Wednesday, November 27th. This is a boost from Sun Life Financial’s previous quarterly dividend of $0.81. Sun Life Financial’s dividend payout ratio is currently 61.36%.

Insider Buying and Selling at Sun Life Financial

In other news, Director Stephanie Coyles bought 500 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was bought at an average price of C$70.00 per share, for a total transaction of C$35,000.00. Following the transaction, the director now directly owns 500 shares of the company’s stock, valued at C$35,000. In related news, Director Stephanie Coyles acquired 500 shares of the firm’s stock in a transaction dated Thursday, August 15th. The shares were purchased at an average price of C$70.00 per share, for a total transaction of C$35,000.00. Following the completion of the acquisition, the director now owns 500 shares in the company, valued at approximately C$35,000. Also, Senior Officer Linda Dougherty sold 2,000 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of C$75.30, for a total value of C$150,590.00. Company insiders own 0.03% of the company’s stock.

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.