Recent Research Analysts’ Ratings Changes for Sun Life Financial (SLF)

A number of firms have modified their ratings and price targets on shares of Sun Life Financial (TSE: SLF) recently:

• 5/8/2026 – Sun Life Financial had its price target raised by Canadian Imperial Bank of Commerce from C$95.00 to C$102.00.
• 5/8/2026 – Sun Life Financial had its price target raised by BMO Capital Markets from C$99.00 to C$105.00.
• 5/7/2026 – Sun Life Financial had its price target lowered by National Bank Financial from C$109.00 to C$108.00. They now have an “outperform” rating on the stock.
• 5/7/2026 – Sun Life Financial had its price target raised by TD from C$102.00 to C$107.00. They now have a “buy” rating on the stock.
• 5/1/2026 – Sun Life Financial had its price target raised by Jefferies Financial Group Inc. from C$103.00 to C$115.00.
• 4/24/2026 – Sun Life Financial was upgraded by National Bank Financial from “sector perform” to “outperform”. They now have a C$109.00 price target on the stock.
• 4/17/2026 – Sun Life Financial was given a new C$101.00 price target by Desjardins. They now have a “buy” rating on the stock.
• 4/8/2026 – Sun Life Financial had its price target raised by Barclays PLC from C$84.00 to C$85.00.

Sun Life Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.96 per share. This is an increase from Sun Life Financial’s previous quarterly dividend of $0.92. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Wednesday, May 27th. Sun Life Financial’s dividend payout ratio is currently 67.04%.

Insider Transactions at Sun Life Financial

In other news, Director Kevin Strain sold 104,744 shares of the company’s stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of C$96.99, for a total transaction of C$10,159,120.56. Following the sale, the director owned 42,000 shares of the company’s stock, valued at approximately C$4,073,580. This represents a 71.38% decrease in their ownership of the stock. Also, insider Jacques Jr. Goulet sold 35,000 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of C$97.80, for a total value of C$3,423,000.00. Following the sale, the insider directly owned 1,054 shares in the company, valued at C$103,081.20. This represents a 97.08% decrease in their position. Over the last 90 days, insiders have sold 164,537 shares of company stock valued at $15,984,217. 0.03% of the stock is currently owned by company insiders.

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.