Melissa Jane Kennedy Sells 15,114 Shares of Sun Life Financial (TSE:SLF) Stock

Sun Life Financial Inc. (TSE:SLF) (NYSE:SLF) insider Melissa Jane Kennedy sold 15,114 shares of the company’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of C$110.05, for a total value of C$1,663,295.70. Following the completion of the sale, the insider owned 28,124 shares of the company’s stock, valued at C$3,095,046.20. This represents a 34.96% decrease in their position.

Melissa Jane Kennedy also recently made the following trade(s):

• On Tuesday, September 8th, Melissa Jane Kennedy sold 11,740 shares of Sun Life Financial stock. The shares were sold at an average price of C$110.05, for a total value of C$1,291,987.00.
• On Tuesday, September 8th, Melissa Jane Kennedy sold 1 shares of Sun Life Financial stock. The stock was sold at an average price of C$110.05, for a total value of C$110.05.
• On Tuesday, September 8th, Melissa Jane Kennedy sold 14,207 shares of Sun Life Financial stock. The shares were sold at an average price of C$110.05, for a total value of C$1,563,480.35.

Sun Life Financial Trading Up 1.1%

Shares of TSE:SLF traded up C$1.22 during mid-day trading on Thursday, reaching C$109.73. The stock had a trading volume of 429,970 shares, compared to its average volume of 1,982,176. The firm has a 50 day simple moving average of C$112.73 and a two-hundred day simple moving average of C$101.95. Sun Life Financial Inc. has a twelve month low of C$79.99 and a twelve month high of C$118.99. The firm has a market cap of C$61.09 billion, a PE ratio of 18.60, a price-to-earnings-growth ratio of 1.33 and a beta of 0.70. The company has a current ratio of 27.38, a quick ratio of 84,866.00 and a debt-to-equity ratio of 34.34.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last issued its quarterly earnings data on Thursday, August 6th. The financial services provider reported C$2.02 earnings per share (EPS) 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$9.05 billion during the quarter. On average, research analysts predict that Sun Life Financial Inc. will post 6.9230769 EPS for the current fiscal year.

Sun Life Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 29th will be given a dividend of $0.96 per share. The ex-dividend date of this dividend is Wednesday, August 26th. This represents a $3.84 annualized dividend and a dividend yield of 3.5%. Sun Life Financial’s dividend payout ratio is currently 62.37%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on SLF shares. Barclays increased their price objective on Sun Life Financial from C$96.00 to C$98.00 in a 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 for the company. in a research report on Monday, July 13th. Canadian Imperial Bank of Commerce raised their price target on shares of Sun Life Financial from C$102.00 to C$116.00 in a research note on Wednesday, July 15th. Scotiabank lifted their price objective on shares of Sun Life Financial from C$98.00 to C$111.00 and gave the company a “sector perform” rating in a report on Wednesday, July 15th. Finally, Desjardins boosted their price objective on shares of Sun Life Financial from C$120.00 to C$122.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. Six equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of C$116.00.

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.