Sun Life Financial (TSE:SLF) Downgraded by TD Securities to “Hold”

Sun Life Financial (TSE:SLF) (NYSE:SLF) was downgraded by analysts at TD Securities from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday, Zacks reports.

SLF has been the topic of several other reports. TD boosted their price objective on shares of Sun Life Financial from C$121.00 to C$124.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Jefferies Financial Group raised their target price on shares of Sun Life Financial from C$131.00 to C$141.00 in a research note on Monday, August 10th. Scotia lifted their target price on shares of Sun Life Financial from C$110.00 to C$118.00 and gave the company a “sector perform” rating in a report on Monday, August 10th. Evercore lowered shares of Sun Life Financial from an “outperform” rating to a “hold” rating and set a C$111.00 price target on the stock. in a research note on Monday, July 13th. Finally, Desjardins increased their price target on shares of Sun Life Financial from C$120.00 to C$122.00 and gave the stock a “buy” rating in a report on Monday, August 10th. Five research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of C$116.50.

Sun Life Financial Stock Down 10.2%

SLF opened at C$102.83 on Thursday. The business has a 50 day moving average price of C$111.37 and a two-hundred day moving average price of C$102.38. 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. The company has a market cap of C$57.18 billion, a PE ratio of 17.43, a P/E/G ratio of 1.33 and a beta of 0.67. Sun Life Financial has a 52 week low of C$79.99 and a 52 week high of C$118.99.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last announced its earnings results on Wednesday, November 4th. The financial services provider reported C$2.05 earnings per share for the quarter. The company had revenue of C$8.79 billion for the quarter. Sun Life Financial had a return on equity of 13.89% and a net margin of 8.81%. As a group, research analysts anticipate that Sun Life Financial will post 6.92 EPS for the current year.

Insider Activity at Sun Life Financial

In other Sun Life Financial news, insider Melissa Jane Kennedy sold 11,740 shares of the firm’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of C$110.05, for a total value of C$1,291,987.00. Following the completion of the sale, the insider owned 43,238 shares of the company’s stock, valued at approximately C$4,758,341.90. This trade represents a 21.35% decrease in their ownership of the stock. Also, insider Jacques Jr. Goulet sold 36,805 shares of the business’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of C$111.24, for a total transaction of C$4,094,188.20. Following the sale, the insider owned 1,063 shares in the company, valued at C$118,248.12. The trade was a 97.19% 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 three months. 0.03% of the stock is currently owned by corporate insiders.

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.