Shares of Sun Life Financial Inc. (NYSE:SLF) have earned a consensus rating of “Buy” from the sixteen analysts that are currently covering the firm. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and eleven have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $44.90.

Several brokerages have weighed in on SLF. Argus reaffirmed a “buy” rating and set a $37.00 price target on shares of Sun Life Financial in a research report on Thursday, June 16th. Canaccord Genuity reaffirmed a “buy” rating and set a $46.00 price target (down from $47.00) on shares of Sun Life Financial in a research report on Thursday, August 11th. Dundee Securities began coverage on Sun Life Financial in a research report on Wednesday, September 21st. They set a “buy” rating on the stock. Bank of America Corp. began coverage on Sun Life Financial in a research report on Wednesday, August 24th. They set an “underperform” rating on the stock. Finally, TD Securities reaffirmed a “buy” rating and set a $47.00 price target on shares of Sun Life Financial in a research report on Saturday, August 13th.

A number of large investors have recently bought and sold shares of the company. FirstMerit Bank N A Trustee raised its position in Sun Life Financial by 0.4% in the second quarter. FirstMerit Bank N A Trustee now owns 8,095 shares of the company’s stock worth $266,000 after buying an additional 30 shares during the period. Advisory Services Network LLC raised its position in Sun Life Financial by 0.8% in the second quarter. Advisory Services Network LLC now owns 4,951 shares of the company’s stock worth $163,000 after buying an additional 39 shares during the period. Fort Washington Investment Advisors Inc OH raised its position in Sun Life Financial by 1.9% in the second quarter. Fort Washington Investment Advisors Inc OH now owns 11,169 shares of the company’s stock worth $367,000 after buying an additional 203 shares during the period. Glenmede Trust Co. NA raised its position in Sun Life Financial by 4.1% in the second quarter. Glenmede Trust Co. NA now owns 5,332 shares of the company’s stock worth $174,000 after buying an additional 209 shares during the period. Finally, Pennsylvania Trust Co raised its position in Sun Life Financial by 4.4% in the second quarter. Pennsylvania Trust Co now owns 7,983 shares of the company’s stock worth $262,000 after buying an additional 333 shares during the period. Institutional investors own 42.93% of the company’s stock.

Shares of Sun Life Financial (NYSE:SLF) opened at 32.45 on Friday. The company has a 50 day moving average price of $31.95 and a 200-day moving average price of $32.78. The stock has a market capitalization of $19.89 billion, a P/E ratio of 12.88 and a beta of 1.09. Sun Life Financial has a 52-week low of $25.31 and a 52-week high of $35.46.

Sun Life Financial (NYSE:SLF) last issued its earnings results on Wednesday, August 10th. The company reported $0.90 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.70 by $0.20. The company earned $6.84 billion during the quarter, compared to analyst estimates of $4.92 billion. Sun Life Financial had a return on equity of 11.88% and a net margin of 7.47%. During the same quarter last year, the business posted $1.00 EPS. On average, analysts predict that Sun Life Financial will post $2.82 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Wednesday, August 31st were issued a $0.3074 dividend. This represents a $1.23 annualized dividend and a yield of 3.79%. The ex-dividend date of this dividend was Monday, August 29th. Sun Life Financial’s payout ratio is 49.80%.

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 organization providing a range of protection and wealth products and services. It operates in five segments: Sun Life Financial Canada (SLF Canada), Sun Life Financial United States (SLF U.S.), Sun Life Financial Asset Management (SLF Asset Management), Sun Life Financial Asia (SLF Asia) and Corporate.

5 Day Chart for NYSE:SLF

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