Sun Life Financial (TSE:SLF) Stock Gets Downgrade from TD Securities

Sun Life Financial (TSE:SLF) (NYSE:SLF) was downgraded by research analysts at TD Securities from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday, Zacks reports.

SLF has been the subject of a number of other research reports. Jefferies Financial Group lifted their price target on shares of Sun Life Financial from C$131.00 to C$141.00 in a research note on Monday, August 10th. Scotia increased 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 research note on Monday, August 10th. Canadian Imperial Bank of Commerce raised their price objective on shares of Sun Life Financial from C$102.00 to C$116.00 in a report on Wednesday, July 15th. Royal Bank Of Canada boosted their target price on shares of Sun Life Financial from C$98.00 to C$119.00 and gave the stock a “sector perform” rating in a research report on Monday, August 10th. Finally, Desjardins upped their target price 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. Five equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of C$116.50.

Sun Life Financial Stock Down 1.7%

SLF stock traded down C$1.73 during midday trading on Thursday, hitting C$101.10. 1,877,247 shares of the company’s stock were exchanged, compared to its average volume of 1,846,207. The company has a current ratio of 27.38, a quick ratio of 84,866.00 and a debt-to-equity ratio of 34.34. Sun Life Financial has a 12-month low of C$79.99 and a 12-month high of C$118.99. The firm has a 50 day moving average price of C$111.22 and a 200-day moving average price of C$102.45. The stock has a market capitalization of C$56.21 billion, a price-to-earnings ratio of 17.14, a price-to-earnings-growth ratio of 1.33 and a beta of 0.67.

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

Insider Activity at Sun Life Financial

In other Sun Life Financial news, insider Melissa Jane Kennedy sold 11,740 shares of the firm’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of C$110.05, for a total value of C$1,291,987.00. Following the transaction, the insider owned 43,238 shares of the company’s stock, valued at C$4,758,341.90. This trade represents a 21.35% decrease in their ownership of the stock. Also, insider Jacques Jr. Goulet sold 36,805 shares of the firm’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of C$111.24, for a total transaction of C$4,094,188.20. Following the completion of the transaction, the insider directly owned 1,063 shares in the company, valued at C$118,248.12. This represents a 97.19% decrease in their position. Insiders sold a total of 179,448 shares of company stock valued at $19,874,331 in the last quarter. 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.