Sun Life Financial Inc. (TSE:SLF) Stock Has Consensus Target Price of C$116.00

Shares of Sun Life Financial Inc. (TSE:SLF) (NYSE:SLF) have received a consensus recommendation of “Hold” from the thirteen research firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is C$116.00.

Several equities research analysts have issued reports on the company. Canadian Imperial Bank of Commerce increased their price target on Sun Life Financial from C$102.00 to C$116.00 in a report on Wednesday, July 15th. Royal Bank Of Canada lifted their price objective on Sun Life Financial from C$98.00 to C$119.00 and gave the company a “sector perform” rating in a report on Monday, August 10th. Jefferies Financial Group boosted their price objective on Sun Life Financial from C$131.00 to C$141.00 in a research report on Monday, August 10th. TD increased their target price on Sun Life Financial from C$121.00 to C$124.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Finally, Barclays raised their target price on shares of Sun Life Financial from C$96.00 to C$98.00 in a report on Friday, August 7th.

Sun Life Financial Price Performance

Shares of SLF stock opened at C$112.05 on Friday. The company has a quick ratio of 84,866.00, a current ratio of 27.38 and a debt-to-equity ratio of 34.34. Sun Life Financial has a 12-month low of C$79.99 and a 12-month high of C$118.99. The firm has a fifty day moving average of C$112.52 and a 200-day moving average of C$104.31. The firm has a market capitalization of C$62.30 billion, a price-to-earnings ratio of 18.99, a price-to-earnings-growth ratio of 1.33 and a beta of 0.70.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last issued its quarterly earnings data on Thursday, August 6th. The financial services provider reported C$2.02 EPS for the quarter. The business had revenue of C$9.05 billion for the quarter. Sun Life Financial had a return on equity of 13.89% and a net margin of 8.81%. On average, equities research analysts forecast that Sun Life Financial will post 6.9230769 earnings per share for the current year.

Sun Life Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 29th were given a dividend of $0.96 per share. The ex-dividend date of this dividend was Wednesday, August 26th. This represents a $3.84 annualized dividend and a dividend yield of 3.4%. Sun Life Financial’s dividend payout ratio is currently 62.37%.

Insider Buying and Selling

In related news, insider Jacques Jr. Goulet sold 36,805 shares of the company’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of C$111.24, for a total value of C$4,094,188.20. Following the completion of the transaction, the insider directly owned 1,063 shares of the company’s stock, valued at approximately C$118,248.12. This represents a 97.19% decrease in their position. Also, insider Melissa Jane Kennedy sold 11,740 shares of the company’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of C$110.05, for a total transaction of C$1,291,987.00. Following the completion of the transaction, the insider directly owned 43,238 shares of the company’s stock, valued at approximately C$4,758,341.90. The trade was a 21.35% decrease in their ownership of the stock. Insiders have sold a total of 179,448 shares of company stock worth $19,874,331 over the last ninety days. Company insiders own 0.03% of the company’s stock.

About Sun Life Financial

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.