Sun Life Financial Inc (NYSE:SLF) (TSE:SLF) – Stock analysts at National Bank Financial lowered their Q3 2018 earnings per share estimates for Sun Life Financial in a research note issued to investors on Tuesday, October 30th. National Bank Financial analyst G. Dechaine now expects that the financial services provider will earn $0.89 per share for the quarter, down from their prior forecast of $0.90. National Bank Financial also issued estimates for Sun Life Financial’s Q4 2018 earnings at $0.90 EPS.
SLF has been the subject of a number of other research reports. Zacks Investment Research upgraded Sun Life Financial from a “sell” rating to a “hold” rating in a report on Monday, August 20th. Desjardins reissued a “buy” rating on shares of Sun Life Financial in a research note on Tuesday, October 16th. Evercore ISI initiated coverage on Sun Life Financial in a research note on Tuesday, July 10th. They issued an “outperform” rating on the stock. Finally, ValuEngine cut Sun Life Financial from a “hold” rating to a “sell” rating in a research note on Tuesday, August 7th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $53.75.
SLF opened at $36.82 on Friday. The company has a quick ratio of 4.06, a current ratio of 4.06 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $22.23 billion, a price-to-earnings ratio of 11.51 and a beta of 0.81. Sun Life Financial has a 12-month low of $35.78 and a 12-month high of $44.50.
Sun Life Financial (NYSE:SLF) (TSE:SLF) last posted its quarterly earnings data on Wednesday, August 8th. The financial services provider reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.88 by $0.32. The business had revenue of $5.29 billion during the quarter. Sun Life Financial had a return on equity of 13.44% and a net margin of 9.24%. During the same quarter last year, the company posted $1.12 EPS.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in SLF. TRUE Private Wealth Advisors purchased a new stake in shares of Sun Life Financial in the third quarter worth $114,000. Daiwa Securities Group Inc. purchased a new stake in shares of Sun Life Financial in the second quarter worth $177,000. Tuttle Tactical Management purchased a new stake in shares of Sun Life Financial in the second quarter worth $182,000. Davis Rea LTD. purchased a new stake in shares of Sun Life Financial in the second quarter worth $216,000. Finally, ARP Americas LP purchased a new stake in shares of Sun Life Financial in the second quarter worth $217,000. 41.50% of the stock is currently owned by hedge funds and other institutional investors.
About Sun Life Financial
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.
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