Sun Life Financial Inc (SLF) Receives $55.67 Consensus PT from Brokerages

Sun Life Financial Inc (NYSE:SLF) (TSE:SLF) has been given an average recommendation of “Buy” by the eleven analysts that are covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $56.67.

A number of research firms have issued reports on SLF. Scotiabank raised shares of Sun Life Financial from a “sector perform” rating to a “buy” rating and set a $63.00 target price for the company in a research note on Wednesday, January 31st. Zacks Investment Research lowered shares of Sun Life Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, March 13th. BMO Capital Markets raised shares of Sun Life Financial from a “market perform” rating to an “outperform” rating in a research note on Friday, February 16th. TD Securities raised shares of Sun Life Financial from a “hold” rating to a “buy” rating in a research note on Monday, January 15th. Finally, Morgan Stanley reduced their target price on shares of Sun Life Financial from $57.00 to $56.00 and set an “equal weight” rating for the company in a research note on Thursday.

How to Become a New Pot Stock Millionaire

Several hedge funds have recently added to or reduced their stakes in SLF. Bank of New York Mellon Corp raised its position in shares of Sun Life Financial by 1.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 896,931 shares of the financial services provider’s stock worth $35,715,000 after buying an additional 11,765 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Sun Life Financial by 3.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,586,703 shares of the financial services provider’s stock worth $63,183,000 after buying an additional 47,039 shares in the last quarter. Pinnacle Associates Ltd. bought a new stake in shares of Sun Life Financial during the 3rd quarter worth about $225,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in shares of Sun Life Financial by 1.4% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 97,300 shares of the financial services provider’s stock worth $3,098,000 after buying an additional 1,300 shares in the last quarter. Finally, First Republic Investment Management Inc. raised its position in shares of Sun Life Financial by 72.3% during the 3rd quarter. First Republic Investment Management Inc. now owns 13,231 shares of the financial services provider’s stock worth $527,000 after buying an additional 5,552 shares in the last quarter. Institutional investors own 41.46% of the company’s stock.

NYSE SLF opened at $40.33 on Wednesday. Sun Life Financial has a one year low of $32.22 and a one year high of $44.50. The company has a quick ratio of 5.06, a current ratio of 5.06 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $24,914.16, a PE ratio of 12.60, a price-to-earnings-growth ratio of 1.61 and a beta of 0.91.

Sun Life Financial (NYSE:SLF) (TSE:SLF) last posted its quarterly earnings results on Wednesday, February 14th. The financial services provider reported $0.83 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.83. Sun Life Financial had a net margin of 7.59% and a return on equity of 12.61%. The business had revenue of $6.81 billion during the quarter. equities analysts forecast that Sun Life Financial will post 3.66 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Thursday, March 29th. Shareholders of record on Thursday, March 1st were given a dividend of $0.3617 per share. This represents a $1.45 dividend on an annualized basis and a dividend yield of 3.59%. This is an increase from Sun Life Financial’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Wednesday, February 28th. Sun Life Financial’s payout ratio is 45.63%.

COPYRIGHT VIOLATION NOTICE: This news story was published by Ticker Report and is the sole property of of Ticker Report. If you are reading this news story on another domain, it was illegally copied and reposted in violation of US and international copyright & trademark legislation. The legal version of this news story can be viewed at https://www.tickerreport.com/banking-finance/3338677/sun-life-financial-inc-slf-receives-55-67-consensus-pt-from-brokerages.html.

Sun Life Financial Company Profile

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.

Analyst Recommendations for Sun Life Financial (NYSE:SLF)

Receive News & Ratings for Sun Life Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sun Life Financial and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Lake Street Advisors Group LLC Purchases Shares of 6,694 QUALCOMM, Inc.
Lake Street Advisors Group LLC Purchases Shares of 6,694 QUALCOMM, Inc.
Jane Street Group LLC Invests $150,000 in Hovnanian Enterprises
Jane Street Group LLC Invests $150,000 in Hovnanian Enterprises
Harbor Advisory Corp MA Invests $1.35 Million in JPMorgan Chase
Harbor Advisory Corp MA Invests $1.35 Million in JPMorgan Chase
Guggenheim Capital LLC Buys Shares of 71,511 Harsco
Guggenheim Capital LLC Buys Shares of 71,511 Harsco
Houghton Mifflin Harcourt Learning Technology  Shares Sold by Metropolitan Life Insurance Co. NY
Houghton Mifflin Harcourt Learning Technology Shares Sold by Metropolitan Life Insurance Co. NY
Millennium Management LLC Takes $3.57 Million Position in Toyota
Millennium Management LLC Takes $3.57 Million Position in Toyota


© 2006-2018 Ticker Report. Google+.