Sun Life Financial Inc. (NYSE:SLF) Stock Has Consensus Target Price of $103.50

Shares of Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) have received a consensus recommendation of “Hold” from the twelve brokerages that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $103.50.

Several research analysts recently weighed in on the stock. National Bank Financial lowered shares of Sun Life Financial from an “outperform” rating to a “sector perform” rating in a research note on Thursday, November 5th. Scotiabank raised shares of Sun Life Financial from a “sector perform” rating to a “sector outperform” rating in a research note on Tuesday, October 27th. UBS Group reiterated a “neutral” rating on shares of Sun Life Financial in a report on Wednesday, September 2nd. Evercore lowered shares of Sun Life Financial from an “outperform” rating to an “in-line” rating in a report on Monday, July 13th. Finally, TD Securities cut shares of Sun Life Financial from a “strong-buy” rating to a “hold” rating in a research report on Thursday, November 5th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SLF. Cassaday & Co Wealth Management LLC bought a new stake in Sun Life Financial during the 1st quarter worth approximately $25,000. First Bancorp Inc ME acquired a new stake in Sun Life Financial during the 2nd quarter worth approximately $35,000. Scarborough Advisors LLC bought a new position in Sun Life Financial in the first quarter valued at approximately $33,000. Capital Analysts LLC bought a new position in Sun Life Financial in the second quarter valued at approximately $58,000. Finally, Danske Bank A S acquired a new position in shares of Sun Life Financial in the second quarter valued at approximately $79,000. 52.26% of the stock is owned by institutional investors and hedge funds.

Sun Life Financial Trading Up 3.2%

NYSE:SLF opened at $73.83 on Friday. Sun Life Financial has a 1-year low of $57.22 and a 1-year high of $84.38. The business’s 50-day moving average price is $79.07 and its two-hundred day moving average price is $73.74. The firm has a market capitalization of $41.00 billion, a price-to-earnings ratio of 14.33, a PEG ratio of 2.03 and a beta of 0.86.

Sun Life Financial (NYSE:SLF) (TSE:SLF) last posted its earnings results on Wednesday, November 4th. The financial services provider reported $1.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.45 by $0.02. The company had revenue of $986.89 million during the quarter, compared to analyst estimates of $986.89 million. Sun Life Financial had a return on equity of 18.76% and a net margin of 8.62%. Sell-side analysts predict that Sun Life Financial will post 5.47 earnings per share for the current year.

About Sun Life Financial

Sun Life Financial Inc is a Canadian financial services company that provides insurance, wealth management and asset management services. Founded in 1865 as Sun Life Assurance Company of Canada, it has grown into an international business serving individual, workplace and institutional clients.

The company offers life, health and dental insurance, disability coverage and group benefits, as well as savings, retirement and investment products. Its asset management businesses provide investment management services to individuals and institutions.

Sun Life serves clients in Canada, the United States and markets across Asia, and its asset management operations have a global reach.