Sun Life Financial Inc. (TSE:SLF) Stock Has Average Target Price of C$116.00 According to Analysts

Shares of Sun Life Financial Inc. (TSE:SLF) (NYSE:SLF) have been given an average recommendation of “Hold” by the thirteen analysts that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and six have given a buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is C$116.00.

SLF has been the topic of several recent research reports. Scotia lifted 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 report on Monday, August 10th. Barclays raised their price objective on Sun Life Financial from C$96.00 to C$98.00 in a research report on Friday, August 7th. Jefferies Financial Group lifted their price objective on Sun Life Financial from C$131.00 to C$141.00 in a research note on Monday, August 10th. Scotiabank upped their target price on Sun Life Financial from C$98.00 to C$111.00 and gave the company a “sector perform” rating in a report on Wednesday, July 15th. Finally, TD increased their target price on shares of Sun Life Financial from C$121.00 to C$124.00 and gave the company a “buy” rating in a research report on Friday, August 7th.

Insider Activity

In related news, insider Jacques Jr. Goulet sold 36,805 shares of Sun Life Financial stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of C$111.24, for a total transaction of C$4,094,188.20. Following the completion of the transaction, the insider owned 1,063 shares of the company’s stock, valued at C$118,248.12. This trade represents a 97.19% decrease in their ownership of the stock. Also, Director Kevin Strain sold 101,580 shares of the business’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of C$110.86, for a total transaction of C$11,261,158.80. Following the completion of the transaction, the director owned 42,000 shares in the company, valued at approximately C$4,656,120. The trade was a 70.75% decrease in their position. In 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

SLF stock opened at C$113.02 on Friday. The company has a fifty day moving average price of C$112.58 and a 200-day moving average price of C$103.94. The company has a market capitalization of C$62.84 billion, a P/E ratio of 19.16, a PEG ratio of 1.33 and a beta of 0.70. Sun Life Financial has a 52-week low of C$79.99 and a 52-week high of C$118.99. 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.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last issued 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 company had revenue of C$9.05 billion for the quarter. As a group, equities analysts expect that Sun Life Financial will post 6.9230769 EPS for the current year.

Sun Life Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 29th will be given a $0.96 dividend. The ex-dividend date is Wednesday, August 26th. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.4%. Sun Life Financial’s payout ratio is 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.