Cormark Predicts Sun Life Financial’s Q4 Earnings (TSE:SLF)

Sun Life Financial Inc. (TSE:SLF) (NYSE:SLF) – Stock analysts at Cormark issued their Q4 2024 earnings per share (EPS) estimates for shares of Sun Life Financial in a research report issued to clients and investors on Tuesday, February 4th. Cormark analyst L. Persaud forecasts that the financial services provider will post earnings per share of $1.80 for the quarter. The consensus estimate for Sun Life Financial’s current full-year earnings is $6.92 per share.

Other equities research analysts have also issued reports about the company. National Bankshares upgraded Sun Life Financial from a “sector perform” rating to an “outperform” rating and raised their price objective for the stock from C$82.00 to C$95.00 in a research report on Wednesday, January 15th. Scotiabank raised their price target on Sun Life Financial from C$85.00 to C$96.00 in a research note on Thursday, November 14th. Barclays raised their price target on Sun Life Financial from C$82.00 to C$87.00 in a research note on Monday, January 6th. National Bank Financial raised Sun Life Financial from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Finally, TD Securities raised their price target on Sun Life Financial from C$81.00 to C$87.00 and gave the stock a “hold” rating in a research note on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Sun Life Financial currently has an average rating of “Moderate Buy” and an average target price of C$86.73.

Sun Life Financial Trading Up 0.1 %

Shares of TSE SLF opened at C$82.81 on Thursday. Sun Life Financial has a one year low of C$64.38 and a one year high of C$88.54. The firm has a market capitalization of C$47.74 billion, a PE ratio of 15.68, a PEG ratio of 1.33 and a beta of 0.94. The company has a current ratio of 65.29, a quick ratio of 84,866.00 and a debt-to-equity ratio of 53.77. The business has a 50-day moving average price of C$85.01 and a two-hundred day moving average price of C$78.80.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last announced its quarterly earnings data on Monday, November 4th. The financial services provider reported C$1.76 EPS for the quarter, topping analysts’ consensus estimates of C$1.71 by C$0.05. Sun Life Financial had a return on equity of 13.65% and a net margin of 9.90%. During the same quarter last year, the firm posted $1.59 earnings per share.

Sun Life Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Wednesday, November 27th were given a $0.84 dividend. This is an increase from Sun Life Financial’s previous quarterly dividend of $0.81. This represents a $3.36 annualized dividend and a yield of 4.06%. The ex-dividend date was Wednesday, November 27th. Sun Life Financial’s payout ratio is currently 61.36%.

Insiders Place Their Bets

In other Sun Life Financial news, Director Kevin Strain sold 85,943 shares of Sun Life Financial stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of C$84.71, for a total value of C$7,280,231.53. Also, Senior Officer Linda Dougherty purchased 5,800 shares of the company’s stock in a transaction on Friday, November 15th. The stock was acquired at an average cost of C$84.83 per share, for a total transaction of C$492,014.00. Company insiders own 0.03% of the company’s stock.

About Sun Life Financial

Sun Life Financial is one of Canada’s Big Three life insurance companies along with Great-West Lifeco and Manulife. Sun Life provides insurance, retirement, and wealth-management services to individual and corporate customers in Canada, the United States, and Asia. It also owns MFS Investment Management, a Boston-based asset-management firm.