Sun Life Financial (TSE:SLF) Stock Bumped Down to Sector Perform by National Bank Financial

Sun Life Financial (TSE:SLF) (NYSE:SLF) was downgraded by investment analysts at National Bank Financial from an “outperform” rating to a “sector perform” rating in a research note issued to investors on Thursday, BayStreet reports. They presently have a C$120.00 price objective on the financial services provider’s stock, down from their previous price objective of C$124.00. National Bank Financial‘s price objective points to a potential upside of 15.74% from the stock’s current price.

Several other equities analysts also recently weighed in on the company. 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. Scotiabank upgraded shares of Sun Life Financial from a “hold” rating to a “sector outperform” rating and set a C$122.00 price target on the stock in a research note on Wednesday, October 28th. Barclays increased their price objective on shares of Sun Life Financial from C$96.00 to C$98.00 in a research report on Friday, August 7th. Desjardins raised their price objective on shares of Sun Life Financial from C$120.00 to C$122.00 and gave the company a “buy” rating in a research note on Monday, August 10th. Finally, Jefferies Financial Group raised their price objective on shares of Sun Life Financial from C$131.00 to C$141.00 in a research note on Monday, August 10th. Six investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$116.50.

Sun Life Financial Stock Down 9.5%

SLF stock traded down C$10.84 on Thursday, reaching C$103.68. 2,267,711 shares of the company traded hands, compared to its average volume of 1,837,234. Sun Life Financial has a one year low of C$79.99 and a one year high of C$118.99. The company has a debt-to-equity ratio of 34.34, a current ratio of 27.38 and a quick ratio of 84,866.00. The company has a market cap of C$57.65 billion, a P/E ratio of 17.57, a price-to-earnings-growth ratio of 1.33 and a beta of 0.73. The firm has a fifty day simple moving average of C$111.51 and a 200-day simple moving average of C$102.30.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last announced its quarterly earnings data on Wednesday, November 4th. The financial services provider reported C$2.05 earnings per share (EPS) for the quarter. Sun Life Financial had a return on equity of 13.89% and a net margin of 8.81%. The business had revenue of C$8.79 billion during the quarter. Research analysts anticipate that Sun Life Financial will post 6.92 earnings per share for the current year.

Insider Transactions at Sun Life Financial

In related news, insider Melissa Jane Kennedy sold 15,114 shares of the stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of C$110.05, for a total transaction of C$1,663,295.70. Following the sale, the insider directly owned 28,124 shares of the company’s stock, valued at C$3,095,046.20. This trade represents a 34.96% decrease in their ownership of the stock. Also, Director Kevin Strain sold 101,580 shares of Sun Life Financial stock in a transaction dated 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 completion of the sale, the director owned 42,000 shares of the company’s stock, valued at C$4,656,120. The trade was a 70.75% decrease in their ownership of the stock. Insiders sold 179,448 shares of company stock worth $19,874,331 over the last quarter. 0.03% of the stock is currently owned by 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.