Media headlines about Sun Life Financial (NYSE:SLF) (TSE:SLF) have been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Sun Life Financial earned a media sentiment score of 0.19 on Accern’s scale. Accern also gave media stories about the financial services provider an impact score of 47.9781610913518 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the media stories that may have impacted Accern Sentiment Analysis’s rankings:
- Sun Life Financial Inc. (SLF) Plans Dividend Increase – $0.34 Per Share (americanbankingnews.com)
- Sun Life Financial Inc. (NYSE:SLF) Given New $51.00 Price Target at TD Securities (americanbankingnews.com)
- Stock Repurchase Plan Authorized by Sun Life Financial (SLF) Board (americanbankingnews.com)
- Contrasting Sun Life Financial (NYSE:SLF) & Aegon NV (AEG) (americanbankingnews.com)
Several brokerages have commented on SLF. Zacks Investment Research raised shares of Sun Life Financial from a “sell” rating to a “hold” rating in a research report on Thursday, June 1st. National Bank Financial reaffirmed an “outperform overweight” rating on shares of Sun Life Financial in a research report on Tuesday, May 9th. Credit Suisse Group lowered shares of Sun Life Financial from an “outperform” rating to a “neutral” rating in a research report on Wednesday, May 10th. BidaskClub raised shares of Sun Life Financial from a “sell” rating to a “hold” rating in a research report on Friday, June 30th. Finally, ValuEngine lowered shares of Sun Life Financial from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Sun Life Financial has an average rating of “Hold” and a consensus target price of $45.83.
Sun Life Financial (NYSE SLF) traded down 1.91% during mid-day trading on Thursday, hitting $37.46. 843,096 shares of the stock traded hands. The company’s 50 day moving average price is $36.80 and its 200-day moving average price is $36.17. Sun Life Financial has a 1-year low of $30.38 and a 1-year high of $40.57. The stock has a market cap of $22.99 billion, a price-to-earnings ratio of 11.62 and a beta of 0.88.
Sun Life Financial (NYSE:SLF) (TSE:SLF) last released its earnings results on Wednesday, August 9th. The financial services provider reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.09. Sun Life Financial had a net margin of 11.31% and a return on equity of 13.02%. The company had revenue of $8.12 billion for the quarter, compared to analysts’ expectations of $7.36 billion. During the same quarter last year, the business earned $0.90 EPS. The firm’s revenue was down 14.8% compared to the same quarter last year. Analysts predict that Sun Life Financial will post $3.12 earnings per share for the current year.
Sun Life Financial announced that its board has approved a share repurchase program on Wednesday, August 9th that permits the company to buyback 11,500,000 outstanding shares. This buyback authorization permits the financial services provider to reacquire shares of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Wednesday, August 30th will be paid a dividend of $0.3439 per share. This is a boost from Sun Life Financial’s previous quarterly dividend of $0.32. The ex-dividend date is Monday, August 28th. This represents a $1.38 dividend on an annualized basis and a yield of 3.67%. Sun Life Financial’s dividend payout ratio (DPR) is presently 41.23%.
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About Sun Life Financial
Sun Life Financial Inc is the holding company of Sun Life Assurance Company of Canada. The Company is a financial services company providing a range of insurance, wealth and asset management solutions to individuals and corporate Clients. It operates through five segments. The Sun Life Financial Canada segment provides retail insurance and investment advice, products and services to people across Canada.
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