Sun Life Financial (SLF) Getting Somewhat Positive Press Coverage, Report Finds
Press coverage about Sun Life Financial (NYSE:SLF) (TSE:SLF) has been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Sun Life Financial earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave media stories about the financial services provider an impact score of 46.273599042051 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
- Sun Life offers help for people affected by Hurricane Harvey (finance.yahoo.com)
- Earnings Review and Free Research Report: Sun Life Reported Better Than Expected Earnings Results (finance.yahoo.com)
- Sun Life launches speedy life insurance application (investmentexecutive.com)
- Sun Life Financial : makes it quick and easy for Canadians to apply for life insurance online (4-traders.com)
SLF has been the topic of several research analyst reports. ValuEngine raised Sun Life Financial from a “hold” rating to a “buy” rating in a research report on Wednesday, June 28th. BidaskClub raised Sun Life Financial from a “hold” rating to a “buy” rating in a research report on Saturday, July 8th. Zacks Investment Research raised Sun Life Financial from a “sell” rating to a “buy” rating and set a $40.00 price objective on the stock in a research report on Wednesday, July 12th. Bank of America Corporation raised Sun Life Financial from an “underperform” rating to a “hold” rating in a research report on Monday, July 10th. Finally, TD Securities upped their price objective on Sun Life Financial from $50.00 to $51.00 and gave the company a “hold” rating in a research report on Thursday, August 10th. Eight equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $45.80.
Sun Life Financial (SLF) traded down 1.80% during trading on Tuesday, hitting $38.18. The stock had a trading volume of 403,113 shares. The company has a market cap of $23.43 billion, a P/E ratio of 11.53 and a beta of 0.86. Sun Life Financial has a one year low of $30.38 and a one year high of $40.57. The firm has a 50 day moving average of $38.26 and a 200-day moving average of $36.04.
Sun Life Financial (NYSE:SLF) (TSE:SLF) last posted its earnings results on Wednesday, August 9th. The financial services provider reported $0.83 EPS for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.09. Sun Life Financial had a return on equity of 13.29% and a net margin of 12.48%. The company had revenue of $8.12 billion for the quarter, compared to the consensus estimate of $7.36 billion. During the same quarter in the previous year, the business earned $0.90 earnings per share. The company’s revenue for the quarter was down 14.8% on a year-over-year basis. Equities analysts anticipate that Sun Life Financial will post $3.26 earnings per share for the current fiscal year.
Sun Life Financial announced that its Board of Directors has authorized a share buyback plan on Wednesday, August 9th that permits the company to repurchase 11,500,000 shares. This repurchase authorization permits the financial services provider to purchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Wednesday, August 30th will be given a $0.3439 dividend. The ex-dividend date is Monday, August 28th. This represents a $1.38 dividend on an annualized basis and a yield of 3.60%. This is an increase from Sun Life Financial’s previous quarterly dividend of $0.32. Sun Life Financial’s payout ratio is currently 43.85%.
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Sun Life Financial Company Profile
Sun Life Financial Inc is the holding company of Sun Life Assurance Company of Canada. The Company is a financial services company providing a range of insurance, wealth and asset management solutions to individuals and corporate Clients. It operates through five segments. The Sun Life Financial Canada segment provides retail insurance and investment advice, products and services to people across Canada.
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