In yesterday’s Wall Street session, Sun Life Financial Inc. (NYSE:SLF) shares traded at $49.01, up 2.15% from the previous session.
16 analysts cover Sun Life Financial Inc. (NYSE:SLF), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $54.62 and a low of $42.97, we find $50.77. Given the previous closing price of $47.98, this indicates a potential upside of 5.81 percent. SLF stock price is now 5.40% away from the 50-day moving average and 5.85% away from the 200-day moving average. The market capitalization of the company currently stands at $28.10B.
The stock has received a hold rating from 5 analysts and a buy rating from 8. Brokers who have rated the stock have averaged $50.43 as their price target over the next twelve months.
, while ‘CIBC’ rates the stock as ‘Sector Outperform’.
A total of 0.07% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in SLF stock. A new stake in Sun Life Financial Inc. shares was purchased by BROOKFIELD CORP /ON/ during the first quarter worth $19,029,000. ACADIAN ASSET MANAGEMENT LLC invested $10,973,000 in shares of SLF during the first quarter. In the first quarter, POWER CORP OF CANADA acquired a new stake in Sun Life Financial Inc. valued at approximately $4,819,000. WELLINGTON MANAGEMENT GROUP LLP acquired a new stake in SLF for approximately $2,808,000. CAMPBELL & CO INVESTMENT ADVISER LLC purchased a new stake in SLF valued at around $2,103,000 in the second quarter. In total, there are 634 active investors with 54.40% ownership of the company’s stock.
On Friday morning Sun Life Financial Inc. (NYSE: SLF) stock kicked off with the opening price of $48.08. During the past 12 months, Sun Life Financial Inc. has had a low of $37.96 and a high of $58.49. The fifty day moving average price for SLF is $46.59 and a two-hundred day moving average price translates $46.27 for the stock.
The latest earnings results from Sun Life Financial Inc. (NYSE: SLF) was released for Jun, 2022. According to the Insurance – Diversified Company, earnings per share came in at $1.1, beating analysts’ expectations of $1 by 0.1. This compares to $1.38 EPS in the same period last year. The net profit margin was 8.10% and return on equity was 12.40% for SLF. The company reported revenue of $6.61 billion for the quarter, compared to $6.76 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -2.19 percent.
In terms of dividend payout ratio, SLF is presently at 47.10%.
Sun Life Financial Inc.(SLF) Company Profile
Sun Life Financial Inc., a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients worldwide. It offers term and permanent life, as well as personal health, dental, critical illness, long-term care, and disability insurance products. The company also provides reinsurance products; investment counselling and portfolio management services; mutual funds and segregated funds; trust and banking services; real estate property brokerage and appraisal services; and merchant banking services. It distributes its products through direct sales agents, managing and independent general agents, financial intermediaries, broker-dealers, banks, pension and benefits consultants, and other third-party marketing organizations. The company was founded in 1871 and is headquartered in Toronto, Canada.