Sun Life Financial Inc. (TSE:SLF) Receives C$92.11 Consensus PT from Analysts

Shares of Sun Life Financial Inc. (TSE:SLF) (NYSE:SLF) have been given an average recommendation of “Hold” by the eleven ratings firms that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$92.11.

A number of brokerages have recently weighed in on SLF. Cibc Captl Mkts downgraded Sun Life Financial from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 29th. BMO Capital Markets cut their target price on shares of Sun Life Financial from C$99.00 to C$95.00 in a research report on Monday, November 10th. National Bankshares reduced their price objective on Sun Life Financial from C$94.00 to C$93.00 in a research report on Thursday, November 6th. Royal Bank Of Canada set a C$84.00 price objective on shares of Sun Life Financial and gave the company a “sector perform” rating in a research report on Monday. Finally, Barclays lowered their price objective on Sun Life Financial from C$84.00 to C$83.00 in a report on Friday, January 9th.

Sun Life Financial Stock Performance

Shares of SLF opened at C$87.56 on Friday. The stock has a market capitalization of C$48.49 billion, a P/E ratio of 16.58, a P/E/G ratio of 1.33 and a beta of 0.77. Sun Life Financial has a 12-month low of C$74.56 and a 12-month high of C$91.11. The firm’s 50 day moving average is C$84.17 and its 200-day moving average is C$83.73. The company has a debt-to-equity ratio of 26.00, a current ratio of 92.19 and a quick ratio of 84,866.00.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last announced its earnings results on Wednesday, November 5th. The financial services provider reported C$1.86 EPS for the quarter. The business had revenue of C$9.07 billion during the quarter. Sun Life Financial had a return on equity of 15.69% and a net margin of 7.58%. Equities research analysts anticipate that Sun Life Financial will post 6.9230769 EPS for the current fiscal year.

Sun Life Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 31st were paid a $0.92 dividend. The ex-dividend date was Wednesday, November 26th. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.88. This represents a $3.68 annualized dividend and a dividend yield of 4.2%. Sun Life Financial’s dividend payout ratio is 65.15%.

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. Sun Life generates about a third of its profit from asset-management operations.