Sun Life Financial (TSE:SLF) Stock Gets Downgrade from National Bank Financial

Sun Life Financial (TSE:SLF) (NYSE:SLF) was downgraded by investment analysts at National Bank Financial from an “outperform” rating to a “hold” rating in a report issued on Thursday, Marketbeat Ratings reports. They presently have a C$120.00 price objective on the financial services provider’s stock, down from their prior price objective of C$124.00. National Bank Financial‘s price objective would indicate a potential upside of 18.69% from the stock’s previous close.

A number of other analysts have also recently commented on the company. Scotia lifted their target price on Sun Life Financial from C$110.00 to C$118.00 and gave the stock a “sector perform” rating in a research report on Monday, August 10th. TD upped their target price on Sun Life Financial from C$121.00 to C$124.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Evercore downgraded Sun Life Financial from an “outperform” rating to a “hold” rating and set a C$111.00 price target on the stock. in a research note on Monday, July 13th. Barclays raised their price target on Sun Life Financial from C$96.00 to C$98.00 in a research note on Friday, August 7th. Finally, Jefferies Financial Group lifted their price target on Sun Life Financial from C$131.00 to C$141.00 in a research report on Monday, August 10th. Five investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of C$116.50.

Sun Life Financial Stock Down 1.7%

Shares of Sun Life Financial stock traded down C$1.73 during trading hours on Thursday, hitting C$101.10. The company had a trading volume of 1,877,247 shares, compared to its average volume of 1,846,207. The company has a debt-to-equity ratio of 34.34, a current ratio of 27.38 and a quick ratio of 84,866.00. The company’s 50-day moving average is C$111.22 and its two-hundred day moving average is C$102.45. The company has a market cap of C$56.21 billion, a P/E ratio of 17.14, a price-to-earnings-growth ratio of 1.33 and a beta of 0.67. Sun Life Financial has a twelve month low of C$79.99 and a twelve month high of C$118.99.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last announced its quarterly earnings results on Wednesday, November 4th. The financial services provider reported C$2.05 earnings per share 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$8.79 billion during the quarter. Analysts anticipate that Sun Life Financial will post 6.92 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Jacques Jr. Goulet sold 36,805 shares of the company’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of C$111.24, for a total transaction of C$4,094,188.20. Following the completion of the sale, the insider owned 1,063 shares in the company, valued at C$118,248.12. This represents a 97.19% decrease in their ownership of the stock. Also, insider Melissa Jane Kennedy sold 15,114 shares of the company’s stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of C$110.05, for a total value of C$1,663,295.70. Following the sale, the insider owned 28,124 shares of the company’s stock, valued at C$3,095,046.20. This trade represents a 34.96% decrease in their position. Over the last 90 days, insiders have sold 179,448 shares of company stock valued at $19,874,331. Company insiders own 0.03% of the company’s stock.

Sun Life Financial Company Profile

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.