Brokerages Set Sun Life Financial Inc. (TSE:SLF) Target Price at C$93.22

Shares of Sun Life Financial Inc. (TSE:SLF) (NYSE:SLF) have earned a consensus recommendation of “Hold” from the ten analysts that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have assigned a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$96.44.

SLF has been the topic of a number of research reports. BMO Capital Markets upped their target price on shares of Sun Life Financial from C$95.00 to C$100.00 and gave the company an “outperform” rating in a research report on Friday, February 13th. National Bank Financial dropped their price target on shares of Sun Life Financial from C$94.00 to C$93.00 in a research note on Thursday, November 6th. Canadian Imperial Bank of Commerce raised their price objective on shares of 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. Desjardins lifted their target price on shares of Sun Life Financial from C$96.00 to C$101.00 and gave the stock a “buy” rating in a report on Friday, February 13th. Finally, Royal Bank Of Canada upped their target price on shares of Sun Life Financial from C$83.00 to C$95.00 and gave the company a “sector perform” rating in a research report on Friday, February 13th.

Sun Life Financial Stock Down 1.6%

TSE SLF opened at C$92.47 on Wednesday. The stock has a market capitalization of C$51.22 billion, a P/E ratio of 15.04, a price-to-earnings-growth ratio of 1.33 and a beta of 0.73. Sun Life Financial has a 52 week low of C$74.56 and a 52 week high of C$94.76. 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 stock has a fifty day moving average of C$86.76 and a 200-day moving average of C$84.21.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last issued its quarterly earnings results on Wednesday, February 11th. The financial services provider reported C$1.96 earnings per share (EPS) for the quarter. Sun Life Financial had a return on equity of 15.69% and a net margin of 7.58%. On average, equities research analysts forecast that Sun Life Financial will post 6.9230769 EPS for the current year.

Sun Life Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 31st will be issued a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Wednesday, February 25th. Sun Life Financial’s dividend payout ratio is currently 57.24%.

About Sun Life Financial

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.