Sun Life Financial Inc. (TSE:SLF) Given Consensus Recommendation of “Hold” by Brokerages

Sun Life Financial Inc. (TSE:SLF) (NYSE:SLF) has received a consensus recommendation of “Hold” from the thirteen brokerages that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, six have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$116.00.

SLF has been the subject of several research analyst reports. National Bank Financial lifted their target price on Sun Life Financial from C$108.00 to C$125.00 and gave the stock an “outperform” rating in a research note on Thursday, July 23rd. Barclays increased their price target on Sun Life Financial from C$96.00 to C$98.00 in a research note on Friday, August 7th. Evercore downgraded Sun Life Financial from an “outperform” rating to a “hold” rating and set a C$111.00 price target for the company. in a report on Monday, July 13th. Desjardins lifted their price objective on shares of Sun Life Financial from C$120.00 to C$122.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. Finally, Scotia upped their price objective on shares of Sun Life Financial from C$110.00 to C$118.00 and gave the company a “sector perform” rating in a report on Monday, August 10th.

Sun Life Financial Stock Performance

Sun Life Financial stock opened at C$112.09 on Monday. Sun Life Financial has a 52 week low of C$79.36 and a 52 week high of C$118.99. The company has a debt-to-equity ratio of 34.34, a quick ratio of 84,866.00 and a current ratio of 27.38. The stock has a market capitalization of C$62.40 billion, a P/E ratio of 19.00, a PEG ratio of 1.33 and a beta of 0.70. The stock has a 50-day simple moving average of C$112.80 and a 200 day simple moving average of C$101.55.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last announced its quarterly earnings results on Thursday, August 6th. The financial services provider reported C$2.02 earnings per share for the quarter. The firm had revenue of C$9.05 billion for the quarter. Sun Life Financial had a return on equity of 13.89% and a net margin of 8.81%. Analysts expect that Sun Life Financial will post 6.9230769 earnings per share for the current year.

Sun Life Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 29th will be issued a dividend of $0.96 per share. The ex-dividend date of this dividend is Wednesday, August 26th. This represents a $3.84 annualized dividend and a dividend yield of 3.4%. Sun Life Financial’s payout ratio is presently 62.37%.

Insider Buying and Selling

In other news, insider Manjit Singh sold 188,312 shares of the business’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of C$103.20, for a total transaction of C$19,433,798.40. Following the completion of the sale, the insider owned 547 shares in the company, valued at C$56,450.40. The trade was a 99.71% decrease in their ownership of the stock. Also, Director Kevin Strain sold 101,580 shares of the business’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of C$110.86, for a total value of C$11,261,158.80. Following the sale, the director owned 42,000 shares of the company’s stock, valued at approximately C$4,656,120. This represents a 70.75% decrease in their position. In the last 90 days, insiders sold 326,698 shares of company stock valued at $34,789,257. Company insiders own 0.03% of the company’s stock.

About Sun Life Financial

Sun Life is a leading international financial services organization providing asset management, wealth, insurance and health solutions to individual and institutional Clients. Sun Life has operations in a number of markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. As of March 31, 2025, Sun Life had total assets under management of $1.55 trillion.