National Bank Financial Analysts Lower Earnings Estimates for Sun Life Financial Inc. (NYSE:SLF)

National Bank Financial Analysts Lower Earnings Estimates for Sun Life Financial Inc. (NYSE:SLF)

Sunlight Daily life Economic Inc. (NYSE:SLFGet Ranking) (TSE:SLF) – Investigation analysts at Nationwide Bank Money lowered their FY2023 earnings for each share estimates for shares of Sun Existence Fiscal in a research report issued on Wednesday, Could 11th. Nationwide Bank Money analyst G. Dechaine now expects that the money solutions service provider will generate $4.93 for each share for the calendar year, down from their preceding estimate of $5.55.

A range of other investigate analysts have also lately weighed in on SLF. Scotiabank dropped their price objective on shares of Sun Lifestyle Fiscal from C$71.00 to C$67.00 in a report on Friday. StockNews.com assumed coverage on shares of Sun Existence Financial in a report on Thursday, March 31st. They established a “hold” ranking for the firm. Zacks Investment decision Study restated a “hold” score on shares of Sun Existence Financial in a study report on Thursday, March 17th. Canaccord Genuity Group diminished their cost objective on shares of Solar Lifestyle Economical from C$75.50 to C$67.00 in a investigate report on Sunday. Finally, BMO Cash Markets lowered their rate goal on shares of Sunshine Lifetime Monetary from C$80.00 to C$75.00 in a research report on Friday. A person analyst has rated the inventory with a promote ranking, 4 have issued a hold score and six have issued a acquire ranking to the organization. Centered on information from MarketBeat.com, the inventory has a consensus score of “Hold” and an regular target rate of $71.14.

Shares of SLF inventory opened at $47.62 on Monday. The company’s 50-day shifting common price is $53.22 and its 200-working day shifting typical price is $54.50. Sunshine Life Economic has a twelve thirty day period lower of $46.23 and a twelve thirty day period large of $58.49. The inventory has a market place cap of $27.91 billion, a value-to-earnings ratio of 9.11, a PEG ratio of 1.06 and a beta of 1.06.

The business also lately disclosed a quarterly dividend, which will be paid out on Thursday, June 30th. Stockholders of record on Wednesday, June 1st will be paid a dividend of $.537 for every share. This represents a $2.15 dividend on an annualized foundation and a dividend generate of 4.51{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. This is a boost from Sunlight Life Financial’s past quarterly dividend of $.52. The ex-dividend day is Tuesday, May possibly 31st. Sun Lifetime Financial’s dividend payout ratio (DPR) is 39.77{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

A amount of hedge cash have not long ago added to or minimized their stakes in SLF. Brinker Capital Investments LLC lifted its holdings in shares of Sunshine Lifestyle Economical by 1.4{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the course of the 4th quarter. Brinker Capital Investments LLC now owns 12,828 shares of the fiscal services provider’s inventory valued at $714,000 after obtaining an further 173 shares in the past quarter. JCIC Asset Management Inc. improved its position in shares of Solar Everyday living Economical by .8{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the 1st quarter. JCIC Asset Management Inc. now owns 26,721 shares of the fiscal products and services provider’s inventory worth $1,492,000 immediately after obtaining an additional 205 shares in the course of the last quarter. Quadrant Capital Team LLC grew its placement in shares of Solar Lifestyle Financial by 8.9{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} for the duration of the 4th quarter. Quadrant Capital Team LLC now owns 2,735 shares of the economic companies provider’s inventory valued at $152,000 following obtaining an supplemental 224 shares for the duration of the final quarter. Cetera Advisor Networks LLC grew its placement in shares of Sunshine Daily life Money by 2.4{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} all through the 1st quarter. Cetera Advisor Networks LLC now owns 10,835 shares of the economical expert services provider’s inventory valued at $605,000 soon after buying an extra 250 shares all through the previous quarter. Lastly, Eaton Vance Management grew its position in shares of Sun Existence Money by 3.9{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the course of the 3rd quarter. Eaton Vance Administration now owns 6,688 shares of the monetary expert services provider’s stock valued at $271,000 after acquiring an added 253 shares for the duration of the last quarter. 47.14{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the inventory is owned by hedge funds and other institutional buyers.

About Solar Everyday living Monetary (Get Rating)

Sunshine Life Money Inc, a monetary providers firm, supplies insurance, prosperity, and asset management solutions to people and corporate shoppers around the globe. It provides term and long term existence, as properly as individual health and fitness, dental, important disease, prolonged-phrase treatment, and incapacity insurance plan solutions. The corporation also presents reinsurance products expense counselling and portfolio management expert services mutual resources and segregated funds trust and banking expert services true estate property brokerage and appraisal services and service provider banking expert services.

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Earnings History and Estimates for Sun Life Financial (NYSE:SLF)



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Research Analysts Offer Predictions for Sun Life Financial Inc.’s FY2023 Earnings (NYSE:SLF)

Research Analysts Offer Predictions for Sun Life Financial Inc.’s FY2023 Earnings (NYSE:SLF)

Image about Research Analysts Offer Predictions for Sun Life Financial Inc.’s FY2023 Earnings (NYSE:SLF)

Sun Life Financial Inc. (NYSE:SLFGet Rating) (TSE:SLF) – Equities researchers at National Bank Financial increased their FY2023 EPS estimates for Sun Life Financial in a report issued on Thursday, April 7th. National Bank Financial analyst G. Dechaine now forecasts that the financial services provider will earn $5.70 per share for the year, up from their prior estimate of $5.63. National Bank Financial has a “Sector Perform” rating and a $77.00 price objective on the stock.

Other research analysts have also recently issued reports about the stock. Zacks Investment Research reiterated a “hold” rating on shares of Sun Life Financial in a report on Thursday, March 17th. Scotiabank decreased their target price on shares of Sun Life Financial from C$78.00 to C$76.00 in a report on Friday, February 11th. BMO Capital Markets decreased their target price on shares of Sun Life Financial from C$81.00 to C$80.00 in a report on Friday, February 11th. Finally, StockNews.com began coverage on shares of Sun Life Financial in a report on Thursday, March 31st. They set a “hold” rating for the company. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $73.55.

Shares of SLF opened at $54.94 on Monday. The firm’s 50 day moving average is $54.60 and its 200-day moving average is $55.05. The stock has a market capitalization of $32.20 billion, a P/E ratio of 10.31, a P/E/G ratio of 1.22 and a beta of 1.05. Sun Life Financial has a 12-month low of $48.85 and a 12-month high of $58.49.

Sun Life Financial (NYSE:SLFGet Rating) (TSE:SLF) last announced its quarterly earnings data on Wednesday, February 9th. The financial services provider reported $1.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.22 by ($0.01). The business had revenue of $10.31 billion during the quarter. Sun Life Financial had a return on equity of 13.96{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a net margin of 11.26{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. During the same quarter in the prior year, the company earned $1.13 earnings per share.

Several large investors have recently added to or reduced their stakes in the company. FIL Ltd raised its position in shares of Sun Life Financial by 12.2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the third quarter. FIL Ltd now owns 16,472,720 shares of the financial services provider’s stock valued at $847,955,000 after purchasing an additional 1,797,072 shares during the period. Mackenzie Financial Corp raised its position in shares of Sun Life Financial by 6.2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the third quarter. Mackenzie Financial Corp now owns 16,421,252 shares of the financial services provider’s stock valued at $843,908,000 after purchasing an additional 954,491 shares during the period. CIBC Asset Management Inc raised its position in shares of Sun Life Financial by 3.9{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the fourth quarter. CIBC Asset Management Inc now owns 7,654,688 shares of the financial services provider’s stock valued at $425,792,000 after purchasing an additional 290,601 shares during the period. 1832 Asset Management L.P. raised its position in shares of Sun Life Financial by 1.8{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the fourth quarter. 1832 Asset Management L.P. now owns 5,988,028 shares of the financial services provider’s stock valued at $333,201,000 after purchasing an additional 106,135 shares during the period. Finally, Norges Bank bought a new position in shares of Sun Life Financial in the fourth quarter valued at approximately $297,493,000. 47.16{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the stock is currently owned by institutional investors.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Wednesday, March 2nd were given a $0.5191 dividend. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.44. The ex-dividend date was Tuesday, March 1st. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.78{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. Sun Life Financial’s dividend payout ratio (DPR) is currently 39.02{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.

About Sun Life Financial (Get Rating)

Sun Life Financial Inc, a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients worldwide. It offers term and permanent life, as well as personal health, dental, critical illness, long-term care, and disability insurance products. The company also provides reinsurance products; investment counselling and portfolio management services; mutual funds and segregated funds; trust and banking services; real estate property brokerage and appraisal services; and merchant banking services.

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Earnings History and Estimates for Sun Life Financial (NYSE:SLF)



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