Sun Life Financial (SLF) Getting Somewhat Favorable Press Coverage, Study Shows
Press coverage about Sun Life Financial (NYSE:SLF) (TSE:SLF) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group scores the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Sun Life Financial earned a media sentiment score of 0.13 on Accern’s scale. Accern also gave news headlines about the financial services provider an impact score of 48.4790457498782 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Q4 2017 Earnings Estimate for Sun Life Financial Inc. Issued By National Bank Financial (SLF) (americanbankingnews.com)
- /C O R R E C T I O N — Sun Life Global Investments (Canada) Inc … – Markets Insider (markets.businessinsider.com)
- /CORRECTION — Sun Life Global Investments (Canada) Inc./ – Markets Insider (markets.businessinsider.com)
- /C O R R E C T I O N — Sun Life Global Investments (Canada) Inc./ (finance.yahoo.com)
- MEDIA ADVISORY – Sun Life Financial hosts Plug and Play to explore innovative startups in the InsurTech space (finance.yahoo.com)
Several research analysts have commented on the stock. Morgan Stanley lifted their price objective on shares of Sun Life Financial from $52.00 to $53.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 5th. Zacks Investment Research lowered shares of Sun Life Financial from a “buy” rating to a “hold” rating in a research note on Thursday, October 12th. BidaskClub raised shares of Sun Life Financial from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 19th. Finally, TD Securities lifted their price objective on shares of Sun Life Financial from $50.00 to $51.00 and gave the stock a “hold” rating in a research note on Thursday, August 10th. Nine equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Sun Life Financial currently has an average rating of “Hold” and an average price target of $50.00.
Shares of Sun Life Financial (SLF) opened at $38.88 on Monday. Sun Life Financial has a 52-week low of $32.22 and a 52-week high of $40.57. The firm has a market capitalization of $23,793.65, a price-to-earnings ratio of 11.96, a PEG ratio of 1.77 and a beta of 0.92. The company has a debt-to-equity ratio of 0.21, a quick ratio of 4.42 and a current ratio of 4.42.
Sun Life Financial announced that its board has authorized a stock repurchase program on Wednesday, August 9th that allows the company to buyback 11,500,000 shares. This buyback authorization allows the financial services provider to purchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its shares are undervalued.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Wednesday, November 29th will be given a dividend of $0.3565 per share. This represents a $1.43 annualized dividend and a dividend yield of 3.67%. This is an increase from Sun Life Financial’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend is Tuesday, November 28th. Sun Life Financial’s dividend payout ratio (DPR) is 42.12%.
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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