Sun Life Financial (SLF) Earns Daily Coverage Optimism Score of 2.43

News articles about Sun Life Financial (TSE:SLF) (NYSE:SLF) have trended positive this week, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative press coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Sun Life Financial earned a news impact score of 2.43 on their scale. InfoTrie also gave news stories about the financial services provider an news buzz score of 4 out of 10, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.

These are some of the news articles that may have impacted Sun Life Financial’s ranking:

SLF has been the topic of a number of recent research reports. Evercore cut their price target on shares of Sun Life Financial from C$60.50 to C$60.00 in a report on Monday, October 15th. Canaccord Genuity boosted their target price on shares of Sun Life Financial from C$58.00 to C$60.00 in a report on Friday, August 10th. CIBC dropped their target price on shares of Sun Life Financial from C$59.00 to C$57.00 in a report on Monday, October 29th. TD Securities dropped their target price on shares of Sun Life Financial from C$63.00 to C$62.00 in a report on Thursday, August 9th. Finally, Desjardins dropped their target price on shares of Sun Life Financial from C$60.00 to C$58.00 in a report on Tuesday, October 16th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of C$57.71.

SLF stock traded down C$0.18 during midday trading on Friday, hitting C$48.45. The stock had a trading volume of 1,192,800 shares, compared to its average volume of 1,099,038. The company has a debt-to-equity ratio of 18.98, a quick ratio of 448.92 and a current ratio of 481.58. Sun Life Financial has a 1-year low of C$46.96 and a 1-year high of C$56.09.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last released its earnings results on Wednesday, August 8th. The financial services provider reported C$1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.15 by C$0.05. The firm had revenue of C$6.83 billion during the quarter. Sell-side analysts expect that Sun Life Financial will post 5.01311658165698 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Wednesday, November 28th will be issued a $0.50 dividend. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.48. The ex-dividend date is Tuesday, November 27th. This represents a $2.00 annualized dividend and a yield of 4.13%. Sun Life Financial’s payout ratio is presently 46.50%.

In related news, insider Stephen Peacher sold 89,485 shares of the business’s 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.

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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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