Sun Life Financial (SLF) Given Consensus Recommendation of “Buy” by Brokerages

Sun Life Financial (TSE:SLF) (NYSE:SLF) has received a consensus rating of “Buy” from the nine research firms that are presently covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a buy recommendation. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$58.67.

A number of analysts have commented on SLF shares. CIBC increased their price target on shares of Sun Life Financial from C$55.00 to C$58.00 in a research note on Monday, January 15th. Barclays increased their price target on shares of Sun Life Financial from C$53.00 to C$55.00 in a research note on Thursday, January 11th. TD Securities upgraded shares of Sun Life Financial from a “hold” rating to a “buy” rating and increased their price target for the company from C$54.00 to C$60.00 in a research note on Monday, January 15th. Scotiabank cut their price target on shares of Sun Life Financial from C$63.00 to C$61.00 and set an “outperform” rating for the company in a research note on Friday, February 16th. Finally, Royal Bank of Canada increased their price target on shares of Sun Life Financial from C$56.00 to C$61.00 and gave the company an “outperform” rating in a research note on Friday, February 16th.

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Shares of SLF stock opened at C$50.92 on Friday. Sun Life Financial has a one year low of C$43.51 and a one year high of C$55.80.



Sun Life Financial (TSE:SLF) (NYSE:SLF) last announced its quarterly earnings results on Wednesday, February 14th. The financial services provider reported C$1.05 EPS for the quarter, beating analysts’ consensus estimates of C$1.03 by C$0.02. The firm had revenue of C$8.65 billion during the quarter. Sun Life Financial had a net margin of 2.76% and a return on equity of 4.00%.

The business also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Stockholders of record on Thursday, March 1st were paid a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date of this dividend was Wednesday, February 28th. This is a boost from Sun Life Financial’s previous quarterly dividend of $0.02.

In other news, insider Kevin Strain sold 12,511 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of C$53.84, for a total transaction of C$673,592.24. Also, insider Carolyn Diane Blair sold 3,890 shares of the firm’s stock in a transaction dated Wednesday, March 7th. The stock was sold at an average price of C$54.09, for a total transaction of C$210,410.10.

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Sun Life Financial Company Profile

Sun Life Financial Inc, a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients, high-net-worth individuals, and families. It operates through Sun Life Financial Canada, Sun Life Financial United States, Sun Life Financial Asset Management, Sun Life Financial Asia, and Corporate segments.

Analyst Recommendations for Sun Life Financial (TSE:SLF)

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