Sun Life Financial (SLF) to Release Quarterly Earnings on Monday

Sun Life Financial (TSE:SLF) (NYSE:SLF) will post its quarterly earnings results after the market closes on Monday, November 4th. Analysts expect Sun Life Financial to post earnings of C$1.71 per share for the quarter.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last announced its earnings results on Monday, August 12th. The financial services provider reported C$1.71 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.58 by C$0.13. The company had revenue of C$8.92 billion during the quarter, compared to analyst estimates of C$9.18 billion. Sun Life Financial had a return on equity of 13.65% and a net margin of 9.90%.

Sun Life Financial Stock Up 0.6 %

Shares of TSE SLF opened at C$77.63 on Friday. Sun Life Financial has a 12-month low of C$64.36 and a 12-month high of C$79.45. The firm’s 50-day simple moving average is C$76.68 and its 200 day simple moving average is C$71.45. The company has a quick ratio of 84,866.00, a current ratio of 65.29 and a debt-to-equity ratio of 53.77. The company has a market cap of C$44.75 billion, a price-to-earnings ratio of 14.70, a price-to-earnings-growth ratio of 1.33 and a beta of 0.94.

Sun Life Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Wednesday, August 28th were paid a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a dividend yield of 4.17%. The ex-dividend date of this dividend was Wednesday, August 28th. Sun Life Financial’s dividend payout ratio is presently 61.36%.

Insider Activity at Sun Life Financial

In other news, Director Stephanie Coyles purchased 500 shares of Sun Life Financial stock in a transaction dated Thursday, August 15th. The shares were bought at an average cost of C$70.00 per share, with a total value of C$35,000.00. Following the completion of the transaction, the director now directly owns 500 shares in the company, valued at C$35,000. In related news, Director Stephanie Coyles bought 500 shares of Sun Life Financial stock in a transaction that occurred on Thursday, August 15th. The stock was purchased at an average cost of C$70.00 per share, with a total value of C$35,000.00. Following the purchase, the director now owns 500 shares in the company, valued at approximately C$35,000. Also, Senior Officer Linda Dougherty sold 2,000 shares of Sun Life Financial stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of C$75.30, for a total value of C$150,590.00. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on SLF shares. Royal Bank of Canada increased their price objective on Sun Life Financial from C$76.00 to C$78.00 and gave the company an “outperform” rating in a research report on Wednesday, August 14th. CIBC raised their price target on Sun Life Financial from C$80.00 to C$90.00 and gave the company an “outperform” rating in a report on Wednesday. Evercore dropped their price objective on Sun Life Financial from C$76.00 to C$75.00 in a report on Thursday, July 11th. TD Securities reduced their target price on shares of Sun Life Financial from C$73.00 to C$72.00 and set a “hold” rating on the stock in a research note on Tuesday, August 13th. Finally, Scotiabank boosted their price target on shares of Sun Life Financial from C$73.00 to C$85.00 and gave the stock an “outperform” rating in a research note on Wednesday. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of C$78.82.

About Sun Life Financial

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.