Headlines about Sun Life Financial (NYSE:SLF) (TSE:SLF) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Sun Life Financial earned a daily sentiment score of 0.08 on Accern’s scale. Accern also gave news headlines about the financial services provider an impact score of 45.8003137906543 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the news headlines that may have impacted Accern’s analysis:
Sun Life Financial (NYSE:SLF) traded up $0.03 on Tuesday, reaching $40.52. The company’s stock had a trading volume of 432,937 shares, compared to its average volume of 427,822. The company has a current ratio of 4.42, a quick ratio of 4.42 and a debt-to-equity ratio of 0.21. The stock has a market cap of $25,070.00, a P/E ratio of 12.41, a PEG ratio of 1.83 and a beta of 0.94. Sun Life Financial has a 12-month low of $32.22 and a 12-month high of $41.00.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Wednesday, November 29th will be paid a dividend of $0.3565 per share. The ex-dividend date is Tuesday, November 28th. This is an increase from Sun Life Financial’s previous quarterly dividend of $0.34. This represents a $1.43 annualized dividend and a yield of 3.52%. Sun Life Financial’s dividend payout ratio is currently 41.81%.
Sun Life Financial announced that its board has approved a stock buyback plan on Wednesday, August 9th that authorizes the company to buyback 11,500,000 shares. This buyback authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its shares are undervalued.
Several research analysts recently commented on SLF shares. Zacks Investment Research raised Sun Life Financial from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research note on Tuesday, October 10th. Morgan Stanley upped their price objective on Sun Life Financial from $52.00 to $53.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 5th. TD Securities upped their price objective on Sun Life Financial from $50.00 to $51.00 and gave the stock a “hold” rating in a research report on Thursday, August 10th. BMO Capital Markets reaffirmed a “hold” rating and set a $52.00 price objective on shares of Sun Life Financial in a research report on Friday, November 24th. Finally, BidaskClub raised Sun Life Financial from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 19th. Eight research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $50.40.
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About Sun Life Financial
Sun Life Financial Inc is the holding company of Sun Life Assurance Company of Canada. The Company is a financial services company providing a range of insurance, wealth and asset management solutions to individuals and corporate Clients. It operates through five segments. The Sun Life Financial Canada segment provides retail insurance and investment advice, products and services to people across Canada.
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