Sun Life Financial (TSE:SLF) Insider Jacques Jr. Goulet Sells 36,805 Shares

Sun Life Financial Inc. (TSE:SLF) (NYSE:SLF) insider Jacques Jr. Goulet sold 36,805 shares of the company’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of C$111.24, for a total value of C$4,094,188.20. Following the completion of the transaction, the insider directly owned 1,063 shares in the company, valued at approximately C$118,248.12. The trade was a 97.19% decrease in their ownership of the stock.

Sun Life Financial Stock Up 0.7%

SLF stock opened at C$112.09 on Friday. Sun Life Financial Inc. has a twelve month low of C$79.36 and a twelve month high of C$118.99. The company has a current ratio of 27.38, a quick ratio of 84,866.00 and a debt-to-equity ratio of 34.34. The company has a market capitalization of C$62.40 billion, a P/E ratio of 19.00, a PEG ratio of 1.33 and a beta of 0.70. The firm has a 50 day simple moving average of C$112.80 and a 200-day simple moving average of C$101.49.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last posted its quarterly earnings results on Thursday, August 6th. The financial services provider reported C$2.02 earnings per share (EPS) for the quarter. Sun Life Financial had a net margin of 8.81% and a return on equity of 13.89%. The firm had revenue of C$9.05 billion for the quarter. On average, equities research analysts predict that Sun Life Financial Inc. will post 6.9230769 earnings per share for the current fiscal year.

Sun Life Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 29th will be given a $0.96 dividend. The ex-dividend date of this dividend is Wednesday, August 26th. This represents a $3.84 annualized dividend and a dividend yield of 3.4%. Sun Life Financial’s payout ratio is presently 62.37%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on SLF. Royal Bank Of Canada increased their price target on shares of Sun Life Financial from C$98.00 to C$119.00 and gave the stock a “sector perform” rating in a research report on Monday, August 10th. Scotia boosted their price objective on Sun Life Financial from C$110.00 to C$118.00 and gave the company a “sector perform” rating in a report on Monday, August 10th. Canadian Imperial Bank of Commerce upped their price objective on Sun Life Financial from C$102.00 to C$116.00 in a research note on Wednesday, July 15th. Evercore downgraded Sun Life Financial from an “outperform” rating to a “hold” rating and set a C$111.00 target price on the stock. in a report on Monday, July 13th. Finally, TD lifted their target price on Sun Life Financial from C$121.00 to C$124.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Six research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of C$116.00.

About Sun Life Financial

Sun Life is a leading international financial services organization providing asset management, wealth, insurance and health solutions to individual and institutional Clients. Sun Life has operations in a number of markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. As of March 31, 2025, Sun Life had total assets under management of $1.55 trillion.