Sun Life Financial (TSE:SLF) Share Price Crosses Below Two Hundred Day Moving Average After Analyst Downgrade

Sun Life Financial Inc. (TSE:SLF) (NYSE:SLF) shares crossed below its 200-day moving average during trading on Friday after TD Securities downgraded the stock from a strong-buy rating to a hold rating. The stock has a 200-day moving average of C$102.45 and traded as low as C$100.28. Sun Life Financial shares last traded at C$101.10, with a volume of 1,877,247 shares.

Other research analysts have also issued reports about the stock. Royal Bank Of Canada boosted their price target on shares of Sun Life Financial from C$98.00 to C$119.00 and gave the company a “sector perform” rating in a research report on Monday, August 10th. National Bank Financial cut Sun Life Financial from an “outperform” rating to a “hold” rating and decreased their price target for the stock from C$124.00 to C$120.00 in a research note on Thursday. Canadian Imperial Bank of Commerce boosted their price target on Sun Life Financial from C$102.00 to C$116.00 in a report on Wednesday, July 15th. Scotia increased their target price on 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. Finally, Evercore cut Sun Life Financial from an “outperform” rating to a “hold” rating and set a C$111.00 price objective for the company. in a research note on Monday, July 13th. Five equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Sun Life Financial has a consensus rating of “Hold” and a consensus target price of C$116.50.

Insider Transactions at Sun Life Financial

In other Sun Life Financial news, insider Melissa Jane Kennedy sold 11,740 shares of Sun Life Financial 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 transaction of C$1,291,987.00. Following the completion of the sale, the insider directly owned 43,238 shares in the company, valued at approximately C$4,758,341.90. The trade was a 21.35% decrease in their position. Also, insider Jacques Jr. Goulet sold 36,805 shares of the business’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of C$111.24, for a total value of C$4,094,188.20. Following the transaction, 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. Over the last three months, insiders have sold 179,448 shares of company stock valued at $19,874,331. 0.03% of the stock is currently owned by insiders.

Sun Life Financial Price Performance

The company has a market cap of C$56.21 billion, a price-to-earnings ratio of 17.14, a P/E/G ratio of 1.33 and a beta of 0.67. The company has a debt-to-equity ratio of 34.34, a quick ratio of 84,866.00 and a current ratio of 27.38. The company’s 50 day moving average price is C$111.22 and its 200 day moving average price is C$102.45.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last announced its quarterly earnings data on Wednesday, November 4th. The financial services provider reported C$2.05 earnings per share for the quarter. The business had revenue of C$8.79 billion for the quarter. Sun Life Financial had a net margin of 8.81% and a return on equity of 13.89%. On average, equities research analysts predict that Sun Life Financial Inc. will post 6.92 earnings per share for the current fiscal year.

Sun Life Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 29th were issued a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend was Wednesday, August 26th. Sun Life Financial’s payout ratio is presently 62.37%.

Sun Life Financial Company Profile

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.