Sun Life Financial Inc. (NYSE:SLF – Get Rating) (TSE:SLF) – Equities research analysts at National Bank Financial cut their Q2 2022 EPS estimates for Sun Life Financial in a report released on Monday, July 18th. National Bank Financial analyst G. Dechaine now anticipates that the financial services provider will earn $1.05 per share for the quarter, down from their prior estimate of $1.10. The consensus estimate for Sun Life Financial’s current full-year earnings is $4.77 per share. National Bank Financial also issued estimates for Sun Life Financial’s Q3 2022 earnings at $1.11 EPS, Q4 2022 earnings at $1.13 EPS, FY2022 earnings at $4.39 EPS and FY2023 earnings at $4.64 EPS.
Other equities analysts have also recently issued research reports about the stock. Scotiabank cut their price objective on shares of Sun Life Financial from C$71.00 to C$67.00 in a research report on Friday, May 13th. TD Securities cut their price objective on shares of Sun Life Financial from C$72.00 to C$68.00 in a research report on Wednesday, June 1st. Desjardins cut their price objective on shares of Sun Life Financial from C$77.00 to C$73.00 in a research report on Monday, May 16th. StockNews.com began coverage on shares of Sun Life Financial in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Barclays began coverage on shares of Sun Life Financial in a research report on Thursday, June 9th. They set an “overweight” rating and a $71.00 price objective on the stock. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, Sun Life Financial currently has an average rating of “Moderate Buy” and an average target price of $72.14.
Sun Life Financial Trading Down 0.2 %
Shares of SLF opened at $44.60 on Wednesday. The stock has a market capitalization of $26.14 billion, a P/E ratio of 8.53, a price-to-earnings-growth ratio of 1.01 and a beta of 1.05. The firm’s fifty day simple moving average is $46.81 and its two-hundred day simple moving average is $51.71. Sun Life Financial has a 12 month low of $42.83 and a 12 month high of $58.49.
Sun Life Financial (NYSE:SLF – Get Rating) (TSE:SLF) last issued its quarterly earnings results on Wednesday, May 11th. The financial services provider reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.11 by $0.03. The business had revenue of $300.00 million for the quarter. Sun Life Financial had a net margin of 11.38% and a return on equity of 13.66%.
Sun Life Financial Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Wednesday, June 1st were given a $0.537 dividend. This is a boost from Sun Life Financial’s previous quarterly dividend of $0.52. The ex-dividend date was Tuesday, May 31st. This represents a $2.15 annualized dividend and a yield of 4.82%. Sun Life Financial’s dividend payout ratio (DPR) is presently 41.68%.
Hedge Funds Weigh In On Sun Life Financial
Large investors have recently added to or reduced their stakes in the business. AE Wealth Management LLC increased its stake in Sun Life Financial by 6.4% in the 4th quarter. AE Wealth Management LLC now owns 14,029 shares of the financial services provider’s stock valued at $781,000 after buying an additional 838 shares during the last quarter. Huntington National Bank increased its stake in Sun Life Financial by 143.0% in the 4th quarter. Huntington National Bank now owns 6,142 shares of the financial services provider’s stock valued at $342,000 after buying an additional 3,614 shares during the last quarter. National Bank of Canada FI purchased a new stake in Sun Life Financial in the 4th quarter valued at about $84,720,000. Signaturefd LLC increased its stake in Sun Life Financial by 2.7% in the 4th quarter. Signaturefd LLC now owns 13,738 shares of the financial services provider’s stock valued at $765,000 after buying an additional 366 shares during the last quarter. Finally, Unison Advisors LLC increased its stake in Sun Life Financial by 0.7% in the 4th quarter. Unison Advisors LLC now owns 41,410 shares of the financial services provider’s stock valued at $2,306,000 after buying an additional 285 shares during the last quarter. Institutional investors own 47.14% of the company’s stock.
Sun Life Financial Company Profile
Sun Life Financial Inc, a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients worldwide. It offers term and permanent life, as well as personal health, dental, critical illness, long-term care, and disability insurance products. The company also provides reinsurance products; investment counselling and portfolio management services; mutual funds and segregated funds; trust and banking services; real estate property brokerage and appraisal services; and merchant banking services.
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