Sun Life Financial Inc. (TSE:SLF) Receives C$92.11 Average Target Price from Analysts

Shares of Sun Life Financial Inc. (TSE:SLF) (NYSE:SLF) have been assigned a consensus rating of “Hold” from the eleven research firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is C$92.11.

A number of research analysts have issued reports on the company. CIBC upped their price objective on Sun Life Financial from C$93.00 to C$95.00 and gave the company a “neutral” rating in a research note on Thursday, January 8th. Royal Bank Of Canada set a C$84.00 target price on Sun Life Financial and gave the stock a “sector perform” rating in a research note on Monday, January 19th. National Bankshares reduced their price target on shares of Sun Life Financial from C$94.00 to C$93.00 in a research report on Thursday, November 6th. Cibc Captl Mkts downgraded shares of Sun Life Financial from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 29th. Finally, Desjardins set a C$94.00 price objective on shares of Sun Life Financial and gave the stock a “buy” rating in a research report on Thursday, December 18th.

Sun Life Financial Trading Up 1.1%

TSE:SLF opened at C$87.23 on Friday. Sun Life Financial has a 52 week low of C$74.56 and a 52 week high of C$91.11. The firm has a 50-day moving average price of C$84.50 and a two-hundred day moving average price of C$83.77. The company has a debt-to-equity ratio of 26.00, a quick ratio of 84,866.00 and a current ratio of 92.19. The firm has a market cap of C$48.31 billion, a price-to-earnings ratio of 16.52, a price-to-earnings-growth ratio of 1.33 and a beta of 0.77.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last released its earnings results on Wednesday, November 5th. The financial services provider reported C$1.86 earnings per share (EPS) for the quarter. The company had revenue of C$9.07 billion during the quarter. Sun Life Financial had a return on equity of 15.69% and a net margin of 7.58%. On average, equities analysts expect that Sun Life Financial will post 6.9230769 earnings per share for the current fiscal year.

Sun Life Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Wednesday, December 31st were issued a $0.92 dividend. This is a boost from Sun Life Financial’s previous quarterly dividend of $0.88. The ex-dividend date of this dividend was Wednesday, November 26th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 4.2%. Sun Life Financial’s payout ratio is presently 65.15%.

Sun Life Financial Company Profile

Sun Life Financial is one of Canada’s Big Three life insurance companies along with Great-West Lifeco and Manulife. Sun Life provides insurance, retirement, and wealth-management services to individual and corporate customers in Canada, the United States, and Asia. It also owns MFS Investment Management, a Boston-based asset-management firm. Sun Life generates about a third of its profit from asset-management operations.