Sun Life Financial Inc (SLF) Receives C$59.33 Consensus PT from Brokerages

Shares of Sun Life Financial Inc (TSE:SLF) (NYSE:SLF) have received an average recommendation of “Buy” from the twelve analysts that are currently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a buy rating. The average 12 month target price among brokerages that have issued a report on the stock in the last year is C$59.33.

SLF has been the topic of several recent analyst reports. Canaccord Genuity raised their price objective on shares of Sun Life Financial from C$58.00 to C$60.00 in a research report on Friday, August 10th. TD Securities decreased their price objective on shares of Sun Life Financial from C$63.00 to C$62.00 in a research report on Thursday, August 9th. Cormark set a C$60.00 price objective on shares of Sun Life Financial in a research report on Friday, August 10th. BMO Capital Markets decreased their price objective on shares of Sun Life Financial from C$62.00 to C$60.00 in a research report on Friday, August 10th. Finally, Desjardins lifted their price target on shares of Sun Life Financial from C$58.00 to C$60.00 in a report on Friday, June 29th.

In other Sun Life Financial news, insider Stephen Peacher sold 89,485 shares of Sun Life Financial stock in a transaction on Thursday, September 6th. The shares were sold at an average price of C$51.39, for a total value of C$4,598,634.15.

Shares of SLF stock opened at C$50.54 on Wednesday. Sun Life Financial has a one year low of C$46.60 and a one year high of C$56.09.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last announced its quarterly earnings data on Wednesday, August 8th. The financial services provider reported C$1.20 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of C$1.15 by C$0.05. The firm had revenue of C$6.83 billion for the quarter. Sun Life Financial had a net margin of 2.76% and a return on equity of 4.00%.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Wednesday, August 29th will be issued a $0.475 dividend. The ex-dividend date of this dividend is Tuesday, August 28th. This represents a $1.90 dividend on an annualized basis and a yield of 3.76%.

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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Analyst Recommendations for Sun Life Financial (TSE:SLF)

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