Sun Life Financial Inc (NYSE:SLF) (TSE:SLF) – Stock analysts at Desjardins dropped their Q4 2018 EPS estimates for Sun Life Financial in a note issued to investors on Thursday, January 10th. Desjardins analyst D. Young now forecasts that the financial services provider will earn $0.85 per share for the quarter, down from their prior estimate of $0.89. Desjardins has a “Buy” rating on the stock. Desjardins also issued estimates for Sun Life Financial’s FY2019 earnings at $3.72 EPS and FY2020 earnings at $3.99 EPS.

Sun Life Financial (NYSE:SLF) (TSE:SLF) last released its quarterly earnings results on Wednesday, November 7th. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.03. The business had revenue of $4.59 billion during the quarter. Sun Life Financial had a return on equity of 13.74% and a net margin of 8.15%.

Several other research analysts also recently issued reports on SLF. Zacks Investment Research raised Sun Life Financial from a “hold” rating to a “buy” rating and set a $44.00 price target for the company in a research note on Wednesday, October 10th. Canaccord Genuity reissued an “average” rating and issued a $53.00 target price on shares of Sun Life Financial in a research note on Friday, November 9th. Barclays reissued a “buy” rating on shares of Sun Life Financial in a research note on Friday, November 9th. CIBC reissued an “average” rating and issued a $53.00 target price on shares of Sun Life Financial in a research note on Thursday, December 20th. Finally, Argus raised shares of Sun Life Financial from a “hold” rating to a “buy” rating in a research note on Monday, December 31st. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the company. Sun Life Financial currently has a consensus rating of “Hold” and a consensus price target of $53.80.

NYSE:SLF opened at $35.45 on Friday. The firm has a market cap of $21.15 billion, a PE ratio of 11.07 and a beta of 0.86. Sun Life Financial has a 52-week low of $31.49 and a 52-week high of $44.50.

Several hedge funds and other institutional investors have recently bought and sold shares of SLF. Janus Henderson Group PLC increased its stake in shares of Sun Life Financial by 179.1% during the 2nd quarter. Janus Henderson Group PLC now owns 519,037 shares of the financial services provider’s stock valued at $20,848,000 after acquiring an additional 333,038 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Sun Life Financial by 6.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,580,449 shares of the financial services provider’s stock valued at $63,439,000 after acquiring an additional 97,733 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Sun Life Financial by 16.1% during the 2nd quarter. PNC Financial Services Group Inc. now owns 13,491 shares of the financial services provider’s stock valued at $542,000 after acquiring an additional 1,875 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Sun Life Financial by 682.0% during the 2nd quarter. Renaissance Technologies LLC now owns 143,100 shares of the financial services provider’s stock valued at $5,750,000 after acquiring an additional 124,800 shares during the last quarter. Finally, Raymond James & Associates increased its stake in shares of Sun Life Financial by 34.4% during the 2nd quarter. Raymond James & Associates now owns 7,929 shares of the financial services provider’s stock valued at $319,000 after acquiring an additional 2,030 shares during the last quarter. 40.98% of the stock is owned by institutional investors.

The company also recently announced a quarterly dividend, which was paid on Monday, December 31st. Investors of record on Wednesday, November 28th were paid a $0.38 dividend. This is an increase from Sun Life Financial’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Tuesday, November 27th. This represents a $1.52 annualized dividend and a yield of 4.29%. Sun Life Financial’s payout ratio is presently 47.50%.

Sun Life Financial Company Profile

Sun Life Financial Inc, a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients, high-net-worth individuals, and families. It operates through Sun Life Financial Canada, Sun Life Financial United States, Sun Life Financial Asset Management, Sun Life Financial Asia, and Corporate segments.

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