Sun Life Financial Inc. (NYSE:SLF) Receives $88.50 Consensus Target Price from Analysts

Shares of Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) have been assigned an average recommendation of “Moderate Buy” from the ten research firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $88.50.

Several research analysts have recently issued reports on SLF shares. Barclays reaffirmed an “underweight” rating on shares of Sun Life Financial in a research report on Wednesday, October 8th. Evercore ISI reaffirmed an “outperform” rating on shares of Sun Life Financial in a research report on Thursday, October 9th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Sun Life Financial in a research report on Wednesday, October 8th. Argus raised Sun Life Financial to a “strong-buy” rating in a research report on Thursday, September 4th. Finally, National Bank Financial cut Sun Life Financial from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 7th.

Sun Life Financial Price Performance

SLF opened at $61.04 on Tuesday. Sun Life Financial has a 12 month low of $52.44 and a 12 month high of $66.81. The stock has a market capitalization of $34.09 billion, a price-to-earnings ratio of 15.11, a PEG ratio of 1.67 and a beta of 0.90. The business has a fifty day moving average price of $59.93 and a 200 day moving average price of $61.15.

Sun Life Financial (NYSE:SLF) (TSE:SLF) last released its earnings results on Thursday, August 7th. The financial services provider reported $1.29 EPS for the quarter, hitting the consensus estimate of $1.29. Sun Life Financial had a return on equity of 17.21% and a net margin of 7.59%.The firm had revenue of $6.65 billion during the quarter, compared to analysts’ expectations of $7.34 billion. During the same period in the previous year, the firm posted $1.11 EPS. On average, research analysts anticipate that Sun Life Financial will post 5.19 earnings per share for the current year.

Institutional Trading of Sun Life Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Brighton Jones LLC acquired a new stake in shares of Sun Life Financial in the 4th quarter valued at about $244,000. Wealth Enhancement Advisory Services LLC boosted its position in shares of Sun Life Financial by 19.2% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 10,220 shares of the financial services provider’s stock valued at $585,000 after purchasing an additional 1,645 shares during the period. Janney Montgomery Scott LLC boosted its position in shares of Sun Life Financial by 39.4% in the 1st quarter. Janney Montgomery Scott LLC now owns 10,628 shares of the financial services provider’s stock valued at $609,000 after purchasing an additional 3,006 shares during the period. K.J. Harrison & Partners Inc boosted its position in shares of Sun Life Financial by 5.8% in the 1st quarter. K.J. Harrison & Partners Inc now owns 4,590 shares of the financial services provider’s stock valued at $263,000 after purchasing an additional 251 shares during the period. Finally, Cidel Asset Management Inc. boosted its position in shares of Sun Life Financial by 1.2% in the 1st quarter. Cidel Asset Management Inc. now owns 26,700 shares of the financial services provider’s stock valued at $1,528,000 after purchasing an additional 316 shares during the period. Institutional investors and hedge funds own 52.26% of the company’s stock.

About Sun Life Financial

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.