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

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price target trimmed by National Bank Financial from C$125.00 to C$124.00 in a research note issued to investors on Monday,BayStreet reports. The brokerage currently has an outperform rating on the financial services provider’s stock.

SLF has been the topic of a number of other reports. Evercore lowered shares of Sun Life Financial from an “outperform” rating to a “hold” rating and set a C$111.00 price objective on the stock. in a research note on Monday, July 13th. Scotia lifted their price objective on shares of Sun Life Financial from C$110.00 to C$118.00 and gave the company a “sector perform” rating in a report on Monday, August 10th. Barclays boosted their target price on shares of Sun Life Financial from C$96.00 to C$98.00 in a research report on Friday, August 7th. Desjardins upped their target price on shares of Sun Life Financial from C$120.00 to C$122.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Finally, Canadian Imperial Bank of Commerce upped their target price on shares of Sun Life Financial from C$102.00 to C$116.00 in a report on Wednesday, July 15th. Six analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of C$115.92.

Sun Life Financial Price Performance

Shares of SLF opened at C$113.30 on Monday. The business’s fifty day moving average is C$111.11 and its 200 day moving average is C$107.04. Sun Life Financial has a 12-month low of C$79.99 and a 12-month high of C$118.99. The company has a quick ratio of 84,866.00, a current ratio of 27.38 and a debt-to-equity ratio of 34.34. The stock has a market cap of C$63.00 billion, a P/E ratio of 19.20, a P/E/G ratio of 1.33 and a beta of 0.73.

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

Sun Life Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Investors of record on Tuesday, September 29th were given 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 Activity at Sun Life Financial

In other Sun Life Financial news, Director Kevin Strain sold 101,580 shares of the firm’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of C$110.86, for a total transaction of C$11,261,158.80. Following the transaction, the director directly owned 42,000 shares in the company, valued at approximately C$4,656,120. This trade represents a 70.75% decrease in their position. Also, insider Melissa Jane Kennedy sold 11,740 shares of the firm’s 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 transaction, the insider owned 43,238 shares in the company, valued at approximately C$4,758,341.90. This trade represents a 21.35% decrease in their ownership of the stock. In the last three months, insiders sold 179,448 shares of company stock valued at $19,874,331. 0.03% of the stock is owned by insiders.

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.