Somewhat Positive News Coverage Somewhat Unlikely to Affect Sun Life Financial (SLF) Stock Price
Press coverage about Sun Life Financial (NYSE:SLF) (TSE:SLF) has been trending somewhat positive this week, according to Accern. The research firm identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Sun Life Financial earned a daily sentiment score of 0.12 on Accern’s scale. Accern also gave headlines about the financial services provider an impact score of 46.4852226331412 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Sun Life Financial : Pharmacogenetics to provide personalized approach to mental health treatment (4-traders.com)
- Dividend Coverage: Canada’s Third Largest Life Insurer has a Dividend Yield of 4.55%; Will Trade Ex-Dividend on August 28, 2017 (finance.yahoo.com)
- Sun Life Financial Inc. (SLF) Upgraded by BidaskClub to “Strong-Buy” (americanbankingnews.com)
- Sun Life Financial Inc (SLF) Receives Average Rating of “Hold” from Analysts (americanbankingnews.com)
Sun Life Financial (NYSE:SLF) traded up 0.54% during trading on Friday, hitting $38.90. 353,091 shares of the stock traded hands. The stock has a market cap of $23.87 billion, a PE ratio of 11.76 and a beta of 0.88. Sun Life Financial has a 12 month low of $30.38 and a 12 month high of $40.57. The company has a 50-day moving average price of $37.93 and a 200-day moving average price of $36.13.
Sun Life Financial (NYSE:SLF) (TSE:SLF) last posted its earnings results on Wednesday, August 9th. The financial services provider reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.09. Sun Life Financial had a net margin of 12.48% and a return on equity of 13.29%. The firm had revenue of $8.12 billion during the quarter, compared to analyst estimates of $7.36 billion. During the same period last year, the firm posted $0.90 earnings per share. Sun Life Financial’s revenue for the quarter was down 14.8% compared to the same quarter last year. Equities research analysts expect that Sun Life Financial will post $3.22 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Wednesday, August 30th will be issued a $0.3439 dividend. The ex-dividend date is Monday, August 28th. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.32. This represents a $1.38 dividend on an annualized basis and a dividend yield of 3.54%. Sun Life Financial’s dividend payout ratio (DPR) is 40.06%.
Sun Life Financial declared that its board has authorized a share repurchase plan on Wednesday, August 9th that allows the company to repurchase 11,500,000 shares. This repurchase authorization allows the financial services provider to purchase shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its stock is undervalued.
Several equities analysts recently commented on the stock. BidaskClub raised shares of Sun Life Financial from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 19th. Zacks Investment Research raised shares of Sun Life Financial from a “sell” rating to a “hold” rating in a research note on Thursday, June 1st. National Bank Financial reissued an “outperform overweight” rating on shares of Sun Life Financial in a research note on Tuesday, May 9th. Credit Suisse Group downgraded shares of Sun Life Financial from an “outperform” rating to a “neutral” rating in a research note on Wednesday, May 10th. Finally, ValuEngine downgraded shares of Sun Life Financial from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Eight equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $45.80.
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 company providing a range of insurance, wealth and asset management solutions to individuals and corporate Clients. It operates through five segments. The Sun Life Financial Canada segment provides retail insurance and investment advice, products and services to people across Canada.
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