Sun Life Financial Inc. (NYSE:SLF) shares fell 1% during trading on Monday . The stock traded as low as $31.72 and last traded at $31.83, with a volume of 198,680 shares changing hands. The stock had previously closed at $32.14.

Several research firms have commented on SLF. Bank of America Corp. began coverage on shares of Sun Life Financial in a report on Wednesday, August 24th. They set an “underperform” rating for the company. Morgan Stanley reissued a “hold” rating on shares of Sun Life Financial in a report on Sunday, August 14th. TD Securities reissued a “buy” rating and set a $47.00 price objective on shares of Sun Life Financial in a report on Saturday, August 13th. Scotiabank reissued an “outperform” rating and set a $46.00 price objective (down previously from $48.00) on shares of Sun Life Financial in a report on Saturday, August 13th. Finally, Canaccord Genuity reissued a “buy” rating and set a $46.00 price objective (down previously from $47.00) on shares of Sun Life Financial in a report on Thursday, August 11th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $44.33.

The firm has a 50 day moving average price of $32.45 and a 200-day moving average price of $32.38. The stock has a market cap of $19.51 billion and a P/E ratio of 12.29.

Sun Life Financial (NYSE:SLF) last released its quarterly earnings data on Wednesday, August 10th. The company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.70 by $0.20. The firm earned $6.84 billion during the quarter, compared to analysts’ expectations of $4.92 billion. During the same period in the previous year, the firm posted $1.00 EPS. On average, equities research analysts predict that Sun Life Financial Inc. will post $2.86 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Wednesday, August 31st will be issued a $0.3074 dividend. The ex-dividend date of this dividend is Monday, August 29th. This represents a $1.23 dividend on an annualized basis and a yield of 3.86%.

Sun Life Financial Inc is the holding company of Sun Life Assurance Company of Canada. The Company is a financial services organization providing a range of protection and wealth products and services. It operates in five segments: Sun Life Financial Canada (SLF Canada), Sun Life Financial United States (SLF U.S.), Sun Life Financial Asset Management (SLF Asset Management), Sun Life Financial Asia (SLF Asia) and Corporate.

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