Sun Life Financial Inc. (SLF) Sees Large Volume Increase
Shares of Sun Life Financial Inc. (NYSE:SLF) saw unusually-high trading volume on Thursday . Approximately 417,144 shares traded hands during trading, an increase of 3% from the previous session’s volume of 403,622 shares.The stock last traded at $32.11 and had previously closed at $32.11.
SLF has been the subject of several recent research reports. Argus restated a “buy” rating and set a $37.00 target price on shares of Sun Life Financial in a research report on Thursday, June 16th. TD Securities restated a “buy” rating and set a $47.00 target price on shares of Sun Life Financial in a research report on Saturday, August 13th. Zacks Investment Research upgraded shares of Sun Life Financial from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a research report on Monday, July 18th. Morgan Stanley restated a “hold” rating on shares of Sun Life Financial in a research report on Sunday, August 14th. Finally, Scotiabank restated an “outperform” rating and set a $46.00 target price (down from $48.00) on shares of Sun Life Financial in a research report on Saturday, August 13th. One analyst has rated the stock with a sell rating, three have given a hold rating and eleven have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $44.33.
The firm has a market cap of $19.70 billion and a P/E ratio of 12.41. The stock’s 50 day moving average price is $32.45 and its 200-day moving average price is $32.38.
Sun Life Financial (NYSE:SLF) last posted its quarterly earnings results on Wednesday, August 10th. The company reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.70 by $0.20. During the same period in the prior year, the business posted $1.00 earnings per share. The business had revenue of $6.84 billion for the quarter, compared to analysts’ expectations of $4.92 billion. On average, analysts forecast that Sun Life Financial Inc. will post $2.87 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Wednesday, August 31st will be given a dividend of $0.3074 per share. This represents a $1.23 dividend on an annualized basis and a yield of 3.83%. The ex-dividend date is Monday, August 29th.
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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