Sun Life Financial Inc (NYSE:SLF) (TSE:SLF) – National Bank Financial dropped their FY2018 EPS estimates for shares of Sun Life Financial in a report released on Tuesday, October 30th. National Bank Financial analyst G. Dechaine now forecasts that the financial services provider will post earnings per share of $3.62 for the year, down from their previous forecast of $3.63. National Bank Financial also issued estimates for Sun Life Financial’s FY2019 earnings at $3.80 EPS.
Sun Life Financial (NYSE:SLF) (TSE:SLF) last posted its earnings results on Wednesday, August 8th. The financial services provider reported $1.20 EPS for the quarter, beating the consensus estimate of $0.88 by $0.32. The firm 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 in the prior year, the business posted $1.12 earnings per share.
Other equities analysts also recently issued reports about the company. Zacks Investment Research upgraded Sun Life Financial from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research report on Tuesday, July 10th. Desjardins restated a “buy” rating on shares of Sun Life Financial in a research report on Tuesday, October 16th. Evercore ISI began coverage on Sun Life Financial in a research report on Tuesday, July 10th. They set an “outperform” rating for the company. Finally, ValuEngine downgraded Sun Life Financial from a “hold” rating to a “sell” rating in a research report on Tuesday, August 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $53.75.
Sun Life Financial stock opened at $37.40 on Thursday. 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 stock has a market capitalization of $22.23 billion, a price-to-earnings ratio of 11.69 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.
Several institutional investors and hedge funds have recently modified their holdings of the company. Suntrust Banks Inc. raised its position in shares of Sun Life Financial by 22.3% during the first quarter. Suntrust Banks Inc. now owns 6,707 shares of the financial services provider’s stock worth $275,000 after acquiring an additional 1,225 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its position in shares of Sun Life Financial by 15.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 9,804 shares of the financial services provider’s stock worth $394,000 after acquiring an additional 1,330 shares during the last quarter. Vident Investment Advisory LLC raised its position in shares of Sun Life Financial by 1.7% during the second quarter. Vident Investment Advisory LLC now owns 83,137 shares of the financial services provider’s stock worth $3,344,000 after acquiring an additional 1,365 shares during the last quarter. K.J. Harrison & Partners Inc increased its holdings in Sun Life Financial by 19.2% in the second quarter. K.J. Harrison & Partners Inc now owns 10,255 shares of the financial services provider’s stock worth $412,000 after purchasing an additional 1,650 shares in the last quarter. Finally, Moody Aldrich Partners LLC bought a new stake in Sun Life Financial in the second quarter worth approximately $68,346,000. Institutional investors own 41.50% of the company’s stock.
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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