Sun Life Financial Inc. (TSE:SLF) Stock Has Average Price Target of C$116.00

Sun Life Financial Inc. (TSE:SLF) (NYSE:SLF) has been given an average recommendation of “Hold” by the thirteen brokerages that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating on the company. The average 12-month target price among brokers that have covered the stock in the last year is C$116.00.

SLF has been the topic of several research analyst reports. Barclays raised their price objective on shares of Sun Life Financial from C$96.00 to C$98.00 in a research note on Friday, August 7th. National Bank Financial upped their target price on shares of Sun Life Financial from C$108.00 to C$125.00 and gave the company an “outperform” rating in a research note on Thursday, July 23rd. Desjardins increased their price target on shares of Sun Life Financial from C$120.00 to C$122.00 and gave the company a “buy” rating in a report on Monday, August 10th. Jefferies Financial Group raised their price target on shares of Sun Life Financial from C$131.00 to C$141.00 in a research report on Monday, August 10th. Finally, Canadian Imperial Bank of Commerce boosted their price objective on shares of Sun Life Financial from C$102.00 to C$116.00 in a report on Wednesday, July 15th.

Sun Life Financial Price Performance

Shares of TSE:SLF opened at C$110.45 on Friday. The company has a market cap of C$61.41 billion, a price-to-earnings ratio of 18.72, a PEG ratio of 1.33 and a beta of 0.70. The business has a 50 day moving average price of C$112.36 and a 200 day moving average price of C$104.66. The company has a quick ratio of 84,866.00, a current ratio of 27.38 and a debt-to-equity ratio of 34.34. Sun Life Financial has a twelve month low of C$79.99 and a twelve month high of C$118.99.

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

Sun Life Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 29th were given a dividend of $0.96 per share. The ex-dividend date of this dividend was Wednesday, August 26th. This represents a $3.84 dividend on an annualized basis and a yield of 3.5%. Sun Life Financial’s dividend payout ratio (DPR) is 62.37%.

Insider Buying and Selling

In related news, insider Melissa Jane Kennedy sold 11,740 shares of the business’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of C$110.05, for a total transaction of C$1,291,987.00. Following the transaction, the insider directly owned 43,238 shares in the company, valued at C$4,758,341.90. The trade was a 21.35% decrease in their ownership of the stock. Also, Director Kevin Strain sold 101,580 shares of the company’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of C$110.86, for a total value of C$11,261,158.80. Following the completion of the transaction, the director directly owned 42,000 shares of the company’s stock, valued at approximately C$4,656,120. This trade represents a 70.75% decrease in their position. Insiders have sold a total of 179,448 shares of company stock valued at $19,874,331 over the last three months. 0.03% of the stock is owned by corporate insiders.

Sun Life Financial Company Profile

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.