Sun Life Financial Inc. (NYSE:SLF) – Stock analysts at Desjardins lifted their Q3 2016 earnings per share (EPS) estimates for shares of Sun Life Financial in a research note issued on Monday. Desjardins analyst D. Young now anticipates that the brokerage will post earnings per share of $0.71 for the quarter, up from their prior forecast of $0.70.

Sun Life Financial (NYSE:SLF) last announced its quarterly earnings results on Wednesday, August 10th. The company reported $0.90 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.20. Sun Life Financial had a return on equity of 11.88% and a net margin of 7.47%. The firm earned $6.84 billion during the quarter, compared to analyst estimates of $4.92 billion. During the same quarter in the previous year, the business earned $1.00 EPS.

Earnings History and Estimates for Sun Life Financial (NYSE:SLF)

Other equities analysts have also issued research reports about the company. Argus reaffirmed a “buy” rating and set a $37.00 price objective on shares of Sun Life Financial in a report on Friday, September 30th. Dundee Securities started coverage on Sun Life Financial in a report on Wednesday, September 21st. They set a “buy” rating on the stock. Zacks Investment Research lowered Sun Life Financial from a “buy” rating to a “hold” rating in a report on Wednesday, September 14th. Bank of America Corp. started coverage on Sun Life Financial in a report on Wednesday, August 24th. They set an “underperform” rating on the stock. Finally, Morgan Stanley reaffirmed a “hold” rating on shares of Sun Life Financial in a report on Sunday, August 14th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and eleven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $44.18.

Shares of Sun Life Financial (NYSE:SLF) traded up 1.30% during trading on Tuesday, hitting $33.54. The company had a trading volume of 165,781 shares. The firm has a market capitalization of $20.55 billion, a P/E ratio of 13.39 and a beta of 1.09. The stock’s 50-day moving average is $32.07 and its 200 day moving average is $32.83. Sun Life Financial has a 52-week low of $25.31 and a 52-week high of $35.46.

Large investors have recently made changes to their positions in the stock. Ronald Blue & Co. LLC increased its stake in shares of Sun Life Financial by 0.5% in the third quarter. Ronald Blue & Co. LLC now owns 8,157 shares of the company’s stock worth $265,000 after buying an additional 42 shares during the last quarter. Premier Asset Managment LLC increased its stake in Sun Life Financial by 3.1% in the third quarter. Premier Asset Managment LLC now owns 26,450 shares of the company’s stock worth $860,000 after buying an additional 800 shares during the last quarter. Capstone Asset Management Co. increased its stake in Sun Life Financial by 1.4% in the third quarter. Capstone Asset Management Co. now owns 71,519 shares of the company’s stock worth $2,327,000 after buying an additional 970 shares during the last quarter. Creative Planning increased its stake in Sun Life Financial by 22.8% in the third quarter. Creative Planning now owns 8,595 shares of the company’s stock worth $280,000 after buying an additional 1,596 shares during the last quarter. Finally, Advisory Services Network LLC increased its stake in Sun Life Financial by 0.8% in the third quarter. Advisory Services Network LLC now owns 4,991 shares of the company’s stock worth $162,000 after buying an additional 40 shares during the last quarter. Hedge funds and other institutional investors own 42.95% of the company’s stock.

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 30th. Investors of record on Wednesday, August 31st were given a $0.3074 dividend. The ex-dividend date of this dividend was Monday, August 29th. This represents a $1.23 dividend on an annualized basis and a yield of 3.71%. Sun Life Financial’s payout ratio is currently 49.80%.

About Sun Life Financial

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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