Sun Life Financial Inc. (TSE:SLF) (NYSE:SLF) – Equities research analysts at National Bank Financial boosted their FY2021 earnings per share (EPS) estimates for Sun Life Financial in a research note issued on Tuesday, January 11th. National Bank Financial analyst G. Dechaine now expects that the financial services provider will earn $6.05 per share for the year, up from their previous estimate of $6.04. National Bank Financial has a “Outperform” rating and a $78.00 price target on the stock. National Bank Financial also issued estimates for Sun Life Financial’s Q4 2021 earnings at $1.58 EPS and FY2023 earnings at $7.13 EPS.
Sun Life Financial (TSE:SLF) (NYSE:SLF) last released its earnings results on Wednesday, November 3rd. The financial services provider reported C$1.54 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of C$1.49 by C$0.05. The firm had revenue of C$8.51 billion during the quarter.
SLF opened at C$72.18 on Thursday. The firm has a 50 day moving average price of C$70.01 and a 200 day moving average price of C$67.40. The company has a market cap of C$42.30 billion and a PE ratio of 11.79. Sun Life Financial has a 1 year low of C$58.72 and a 1 year high of C$72.37. The company has a debt-to-equity ratio of 20.01, a quick ratio of 1,053.41 and a current ratio of 1,108.38.
In related news, Senior Officer Colm Joseph Freyne sold 29,881 shares of Sun Life Financial stock in a transaction dated Wednesday, November 10th. The shares were sold at an average price of C$70.56, for a total transaction of C$2,108,322.68.
The business also recently announced a quarterly dividend, which was paid on Friday, December 31st. Shareholders of record on Wednesday, November 24th were paid a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date was Tuesday, November 23rd. Sun Life Financial’s payout ratio is 35.94%.
Sun Life Financial Company Profile
Sun Life Financial Inc, a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients worldwide. It offers term and permanent life, as well as health, dental, critical illness, long-term care, and disability insurance products. The company also provides reinsurance products; investment counselling and portfolio management services; mutual funds and segregated funds; trust and banking services; real estate property brokerage and appraisal services; and merchant banking services.
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