Sun Life Financial (TSE:SLF) Stock Price Expected to Rise, TD Analyst Says

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price target lifted by investment analysts at TD from C$121.00 to C$124.00 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the financial services provider’s stock. TD’s price objective indicates a potential upside of 9.08% from the stock’s previous close.

SLF has been the subject of several other reports. Scotiabank lifted their price objective on Sun Life Financial from C$98.00 to C$111.00 and gave the stock a “sector perform” rating in a report on Wednesday, July 15th. Jefferies Financial Group upped their target price on Sun Life Financial from C$115.00 to C$131.00 and gave the company a “buy” rating in a report on Tuesday, July 21st. BMO Capital Markets raised their price target on Sun Life Financial from C$99.00 to C$105.00 in a research report on Friday, May 8th. National Bank Financial boosted their price objective on shares of Sun Life Financial from C$108.00 to C$125.00 and gave the stock an “outperform” rating in a research report on Thursday, July 23rd. Finally, Desjardins set a C$101.00 price objective on shares of Sun Life Financial and gave the company a “buy” rating in a research note on Friday, April 17th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$110.82.

Sun Life Financial Price Performance

Sun Life Financial stock traded down C$1.91 during mid-day trading on Friday, reaching C$113.68. The company had a trading volume of 897,432 shares, compared to its average volume of 1,917,551. Sun Life Financial has a 1 year low of C$77.38 and a 1 year high of C$118.99. The company has a debt-to-equity ratio of 32.51, a current ratio of 6.03 and a quick ratio of 84,866.00. The company has a market capitalization of C$63.01 billion, a P/E ratio of 21.17, a P/E/G ratio of 1.33 and a beta of 0.80. The stock’s 50-day simple moving average is C$110.68 and its 200-day simple moving average is C$98.18.

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. The company had revenue of C$9.05 billion during the quarter. Sun Life Financial had a net margin of 9.12% and a return on equity of 12.89%. On average, equities analysts predict that Sun Life Financial will post 6.9230769 EPS for the current year.

Insider Transactions at Sun Life Financial

In other news, insider Linda Dougherty sold 3,500 shares of the business’s stock in a transaction on Monday, May 25th. The stock was sold at an average price of C$101.40, for a total value of C$354,900.00. Also, insider Manjit Singh sold 188,312 shares of the business’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of C$103.20, for a total value of C$19,433,798.40. Following the completion of the transaction, the insider directly owned 547 shares of the company’s stock, valued at approximately C$56,450.40. This trade represents a 99.71% decrease in their ownership of the stock. Insiders have sold 380,998 shares of company stock worth $38,271,605 in the last quarter. Insiders own 0.03% of the company’s stock.

Sun Life Financial Company Profile

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.