Sun Life Financial Inc. (TSE:SLF) Stock Has Average Target Price of C$115.92 According to Brokerages

Shares of Sun Life Financial Inc. (TSE:SLF) (NYSE:SLF) have received an average recommendation of “Moderate Buy” from the eleven brokerages that are covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is C$115.92.

A number of research firms have recently issued reports on SLF. Scotia raised their price target on shares of Sun Life Financial from C$110.00 to C$118.00 and gave the stock a “sector perform” rating in a research report on Monday, August 10th. Barclays boosted their price objective on shares of Sun Life Financial from C$96.00 to C$98.00 in a research report on Friday, August 7th. Jefferies Financial Group increased their price objective on shares of Sun Life Financial from C$131.00 to C$141.00 in a research note on Monday, August 10th. Royal Bank Of Canada raised their target price on Sun Life Financial from C$98.00 to C$119.00 and gave the company a “sector perform” rating in a research note on Monday, August 10th. Finally, National Bank Financial decreased their price objective on Sun Life Financial from C$125.00 to C$124.00 and set an “outperform” rating for the company in a report on Monday, October 19th.

Sun Life Financial Stock Performance

SLF stock opened at C$111.51 on Tuesday. The stock’s 50 day simple moving average is C$111.09 and its 200 day simple moving average is C$101.25. Sun Life Financial has a 12-month low of C$79.99 and a 12-month high of C$118.99. The firm has a market cap of C$62.00 billion, a P/E ratio of 18.90, a P/E/G ratio of 1.33 and a beta of 0.73. 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.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last released its earnings results on Thursday, August 6th. The financial services provider reported C$2.02 earnings per share for the quarter. The firm had revenue of C$9.05 billion during the quarter. Sun Life Financial had a net margin of 8.81% and a return on equity of 13.89%. As a group, equities research analysts predict that Sun Life Financial will post 6.92 EPS for the current year.

Sun Life Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 29th were issued a $0.96 dividend. This represents a $3.84 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Wednesday, August 26th. Sun Life Financial’s dividend payout ratio is presently 62.37%.

Insider Transactions at Sun Life Financial

In related news, insider Melissa Jane Kennedy sold 15,114 shares of the business’s stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of C$110.05, for a total value of C$1,663,295.70. Following the sale, the insider directly owned 28,124 shares in the company, valued at C$3,095,046.20. The trade was a 34.96% decrease in their position. Also, insider Jacques Jr. Goulet sold 36,805 shares of the stock in a transaction that occurred 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 sale, the insider directly owned 1,063 shares of the company’s stock, valued at approximately C$118,248.12. This represents a 97.19% decrease in their ownership of the stock. Insiders have sold 179,448 shares of company stock valued at $19,874,331 in the last quarter. 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.