Press coverage about Sun Life Financial (NYSE:SLF) (TSE:SLF) has trended somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Sun Life Financial earned a coverage optimism score of 0.12 on Accern’s scale. Accern also assigned media headlines about the financial services provider an impact score of 45.4120558050562 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Canada’s Sun Life sees $200 mln Q4 charge from U.S. tax reform (finance.yahoo.com)
- FY2017 Earnings Estimate for Sun Life Financial Inc (SLF) Issued By Desjardins (americanbankingnews.com)
- Equities Analysts Set Expectations for Sun Life Financial Inc’s Q4 2017 Earnings (SLF) (americanbankingnews.com)
- Invest in Toronto-Dominion Bank as Soaring Job Numbers Mean Higher Rates Sooner (ca.finance.yahoo.com)
SLF has been the topic of several analyst reports. Zacks Investment Research upgraded Sun Life Financial from a “hold” rating to a “buy” rating and set a $45.00 price objective on the stock in a report on Tuesday, October 10th. Morgan Stanley lifted their price objective on Sun Life Financial from $52.00 to $53.00 and gave the stock an “equal weight” rating in a report on Thursday, October 5th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $52.00 price objective on shares of Sun Life Financial in a report on Friday, November 24th. Six analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $50.80.
Shares of Sun Life Financial (NYSE SLF) traded up $0.42 during trading hours on Friday, reaching $41.95. The company had a trading volume of 816,402 shares, compared to its average volume of 440,247. Sun Life Financial has a 52 week low of $32.22 and a 52 week high of $42.11. The stock has a market cap of $25,680.00, a P/E ratio of 12.05, a PEG ratio of 1.74 and a beta of 0.93. The company has a debt-to-equity ratio of 0.21, a quick ratio of 4.42 and a current ratio of 4.42.
Sun Life Financial (NYSE:SLF) (TSE:SLF) last announced its quarterly earnings results on Wednesday, November 8th. The financial services provider reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.78 by $0.05. Sun Life Financial had a return on equity of 13.17% and a net margin of 11.94%. equities research analysts anticipate that Sun Life Financial will post 3.17 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Wednesday, November 29th were issued a dividend of $0.3565 per share. This represents a $1.43 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date of this dividend was Tuesday, November 28th. This is an increase from Sun Life Financial’s previous quarterly dividend of $0.34. Sun Life Financial’s payout ratio is currently 41.67%.
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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.
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