Sun Life Financial (TSE:SLF) Stock Gets Price Target Cut from National Bank Financial

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price target dropped by analysts at National Bank Financial from C$125.00 to C$124.00 in a research report issued to clients and investors on Monday, BayStreet reports. The brokerage currently has an “outperform” rating on the financial services provider’s stock. National Bank Financial’s target price points to a potential upside of 11.83% from the company’s current price.

SLF has been the subject of a number of other reports. Desjardins boosted their target price on shares of Sun Life Financial from C$120.00 to C$122.00 and gave the company a “buy” rating in a report on Monday, August 10th. Evercore downgraded shares of Sun Life Financial from an “outperform” rating to a “hold” rating and set a C$111.00 price target on the stock. in a research note on Monday, July 13th. Canadian Imperial Bank of Commerce lifted their price objective on Sun Life Financial from C$102.00 to C$116.00 in a research note on Wednesday, July 15th. Royal Bank Of Canada upped their target price on Sun Life Financial from C$98.00 to C$119.00 and gave the stock a “sector perform” rating in a research report on Monday, August 10th. Finally, Scotiabank raised their target price on 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. Six investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, Sun Life Financial currently has a consensus rating of “Moderate Buy” and an average price target of C$115.92.

Sun Life Financial Trading Down 1.3%

SLF traded down C$1.42 during midday trading on Monday, hitting C$110.88. The company’s stock had a trading volume of 273,570 shares, compared to its average volume of 1,874,532. 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 cap of C$61.65 billion, a P/E ratio of 18.79, a PEG ratio of 1.33 and a beta of 0.73. The firm has a 50-day moving average price of C$111.17 and a two-hundred day moving average price of C$106.53. Sun Life Financial has a 52-week low of C$79.99 and a 52-week high of C$118.99.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last announced its quarterly earnings data on Thursday, August 6th. The financial services provider reported C$2.02 earnings per share for the quarter. The business had revenue of C$9.05 billion for the quarter. Sun Life Financial had a net margin of 8.81% and a return on equity of 13.89%. On average, research analysts anticipate that Sun Life Financial will post 6.92 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Melissa Jane Kennedy sold 11,740 shares of Sun Life Financial stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of C$110.05, for a total value of C$1,291,987.00. Following the completion of the sale, the insider owned 43,238 shares in the company, valued at approximately C$4,758,341.90. The trade was a 21.35% decrease in their ownership of the stock. Also, insider Jacques Jr. Goulet sold 36,805 shares of the stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of C$111.24, for a total transaction of C$4,094,188.20. Following the transaction, the insider owned 1,063 shares in the company, valued at C$118,248.12. This trade represents a 97.19% decrease in their ownership of the stock. Insiders have sold 179,448 shares of company stock worth $19,874,331 in the last three months. 0.03% of the stock is owned by insiders.

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.