Sun Life Financial (TSE:SLF) Issues Quarterly Earnings Results

Sun Life Financial (TSE:SLF) (NYSE:SLF) announced its quarterly earnings data on Wednesday. The financial services provider reported C$2.05 earnings per share for the quarter, FiscalAI reports. Sun Life Financial had a return on equity of 13.89% and a net margin of 8.81%. The firm had revenue of C$8.79 billion during the quarter.

Sun Life Financial Price Performance

Sun Life Financial stock opened at C$102.83 on Friday. 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. The firm has a market capitalization of C$57.18 billion, a P/E ratio of 17.43, a PEG ratio of 1.33 and a beta of 0.67. The business has a 50-day moving average of C$111.37 and a 200-day moving average of C$102.38. Sun Life Financial has a 1 year low of C$79.99 and a 1 year high of C$118.99.

Sun Life Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 29th were given a dividend of $0.96 per share. This represents a $3.84 annualized dividend and a dividend yield of 3.7%. The ex-dividend date was Wednesday, August 26th. Sun Life Financial’s payout ratio is presently 62.37%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on SLF. Evercore lowered shares of Sun Life Financial from an “outperform” rating to a “hold” rating and set a C$111.00 target price on the stock. in a research note on Monday, July 13th. TD boosted their price target on shares of Sun Life Financial from C$121.00 to C$124.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Scotiabank upgraded shares of Sun Life Financial from a “hold” rating to a “sector outperform” rating and set a C$122.00 price objective on the stock in a report on Wednesday, October 28th. TD Securities cut shares of Sun Life Financial from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Finally, Canadian Imperial Bank of Commerce increased their price target on Sun Life Financial from C$102.00 to C$116.00 in a research note on Wednesday, July 15th. Five analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of C$116.50.

Insider Activity at Sun Life Financial

In related news, Director Kevin Strain sold 101,580 shares of the stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of C$110.86, for a total value of C$11,261,158.80. Following the sale, the director directly owned 42,000 shares in the company, valued at C$4,656,120. This trade represents a 70.75% decrease in their position. Also, insider Jacques Jr. Goulet sold 36,805 shares of Sun Life Financial stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of C$111.24, for a total transaction of C$4,094,188.20. Following the transaction, the insider directly owned 1,063 shares in the company, valued at C$118,248.12. The trade was a 97.19% decrease in their position. Insiders have sold 179,448 shares of company stock worth $19,874,331 in the last ninety days. Company insiders own 0.03% of the company’s stock.

About Sun Life Financial

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.