Desjardins Predicts Reduced Earnings for Sun Life Financial

Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) – Research analysts at Desjardins decreased their FY2025 earnings per share (EPS) estimates for shares of Sun Life Financial in a note issued to investors on Thursday, November 6th. Desjardins analyst D. Young now anticipates that the financial services provider will earn $5.22 per share for the year, down from their previous forecast of $5.29. The consensus estimate for Sun Life Financial’s current full-year earnings is $5.19 per share. Desjardins also issued estimates for Sun Life Financial’s FY2027 earnings at $6.07 EPS.

Sun Life Financial (NYSE:SLF) (TSE:SLF) last released its quarterly earnings results on Wednesday, November 5th. The financial services provider reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.30 by $0.05. The business had revenue of $944.53 million during the quarter, compared to analysts’ expectations of $944.53 million. Sun Life Financial had a return on equity of 17.21% and a net margin of 7.59%.During the same period in the prior year, the business posted $2.33 EPS.

Other equities analysts also recently issued reports about the company. Barclays reissued an “underweight” rating on shares of Sun Life Financial in a research report on Wednesday, October 8th. UBS Group started coverage on shares of Sun Life Financial in a research note on Thursday, October 16th. They issued a “neutral” rating for the company. Argus raised shares of Sun Life Financial to a “strong-buy” rating in a research report on Thursday, September 4th. Morgan Stanley set a $89.00 target price on Sun Life Financial in a report on Tuesday, October 7th. Finally, Scotiabank upgraded Sun Life Financial to a “hold” rating in a research note on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $86.50.

Sun Life Financial Price Performance

Shares of NYSE:SLF opened at $57.96 on Monday. The firm has a market capitalization of $32.37 billion, a PE ratio of 14.35, a price-to-earnings-growth ratio of 1.67 and a beta of 0.90. Sun Life Financial has a 1 year low of $52.44 and a 1 year high of $66.81. The firm’s 50-day moving average is $60.18 and its two-hundred day moving average is $61.36.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC increased its position in Sun Life Financial by 21.5% during the 3rd quarter. EverSource Wealth Advisors LLC now owns 2,106 shares of the financial services provider’s stock worth $126,000 after purchasing an additional 372 shares in the last quarter. Bleakley Financial Group LLC grew its stake in Sun Life Financial by 12.5% during the third quarter. Bleakley Financial Group LLC now owns 17,157 shares of the financial services provider’s stock worth $1,030,000 after buying an additional 1,910 shares during the period. OneDigital Investment Advisors LLC grew its stake in Sun Life Financial by 7.9% during the third quarter. OneDigital Investment Advisors LLC now owns 3,357 shares of the financial services provider’s stock worth $202,000 after buying an additional 246 shares during the period. Citigroup Inc. increased its position in shares of Sun Life Financial by 117.7% in the third quarter. Citigroup Inc. now owns 372,723 shares of the financial services provider’s stock worth $22,386,000 after acquiring an additional 201,485 shares in the last quarter. Finally, Asahi Life Asset Management CO. LTD. raised its stake in shares of Sun Life Financial by 89.0% in the 3rd quarter. Asahi Life Asset Management CO. LTD. now owns 6,520 shares of the financial services provider’s stock valued at $392,000 after acquiring an additional 3,070 shares during the period. Institutional investors and hedge funds own 52.26% of the company’s stock.

Sun Life Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Investors of record on Wednesday, November 26th will be paid a $0.92 dividend. This represents a $3.68 annualized dividend and a yield of 6.3%. The ex-dividend date of this dividend is Wednesday, November 26th. This is an increase from Sun Life Financial’s previous quarterly dividend of $0.64. Sun Life Financial’s dividend payout ratio (DPR) is 69.41%.

Sun Life Financial Company Profile

Sun Life Financial Inc, a financial services company, provides savings, retirement, and pension products worldwide. The company operates in five segments: Asset Management, Canada, U.S., Asia, and Corporate. It offers various insurance products, such as term and permanent life; personal health, which includes prescription drugs, dental, and vision care; critical illness; long-term care; and disability, as well as reinsurance.