Sun Life Financial Inc. (NYSE:SLF – Free Report) (TSE:SLF) – Investment analysts at National Bank Financial decreased their FY2024 EPS estimates for Sun Life Financial in a report issued on Tuesday, January 14th. National Bank Financial analyst G. Dechaine now anticipates that the financial services provider will post earnings of $4.67 per share for the year, down from their previous forecast of $4.86. National Bank Financial has a “Outperform” rating on the stock. The consensus estimate for Sun Life Financial’s current full-year earnings is $4.85 per share. National Bank Financial also issued estimates for Sun Life Financial’s Q4 2024 earnings at $1.26 EPS and FY2025 earnings at $5.23 EPS.

Separately, StockNews.com downgraded shares of Sun Life Financial from a “buy” rating to a “hold” rating in a research note on Tuesday, November 19th. Two analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy”.

Check Out Our Latest Research Report on SLF

Sun Life Financial Trading Down 0.4 %

NYSE:SLF opened at $58.83 on Friday. Sun Life Financial has a 12 month low of $46.41 and a 12 month high of $62.85. The company has a 50-day moving average price of $59.96 and a 200-day moving average price of $55.89. The stock has a market cap of $33.85 billion, a price-to-earnings ratio of 13.10, a P/E/G ratio of 1.53 and a beta of 1.03.

Sun Life Financial Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Wednesday, November 27th were paid a $0.621 dividend. This is an increase from Sun Life Financial’s previous quarterly dividend of $0.59. This represents a $2.48 dividend on an annualized basis and a dividend yield of 4.22%. The ex-dividend date was Wednesday, November 27th. Sun Life Financial’s dividend payout ratio (DPR) is 57.46%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of SLF. Assetmark Inc. boosted its holdings in shares of Sun Life Financial by 2,747.4% in the third quarter. Assetmark Inc. now owns 541 shares of the financial services provider’s stock worth $31,000 after buying an additional 522 shares during the last quarter. Addison Advisors LLC raised its position in Sun Life Financial by 124.9% in the third quarter. Addison Advisors LLC now owns 650 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 361 shares during the period. Clean Yield Group purchased a new position in shares of Sun Life Financial during the 3rd quarter worth $39,000. Dixon Mitchell Investment Counsel Inc. purchased a new position in shares of Sun Life Financial during the 4th quarter valued at about $45,000. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Sun Life Financial in the third quarter worth $51,000. 52.26% of the stock is owned by hedge funds and other institutional investors.

Sun Life Financial Company Profile

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Sun Life Financial Inc, a financial services company, provides savings, retirement, and pension products worldwide. The company operates in five segments: Asset Management, Canada, U.S., Asia, and Corporate. It offers various insurance products, such as term and permanent life; personal health, which includes prescription drugs, dental, and vision care; critical illness; long-term care; and disability, as well as reinsurance.

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