Q4 2017 Earnings Estimate for Sun Life Financial Inc. Issued By National Bank Financial (SLF)

Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) – Analysts at National Bank Financial upped their Q4 2017 earnings estimates for Sun Life Financial in a report released on Thursday. National Bank Financial analyst G. Dechaine now anticipates that the financial services provider will post earnings of $0.84 per share for the quarter, up from their previous forecast of $0.79.

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Other analysts have also 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 price target on the stock in a report on Tuesday, October 10th. Morgan Stanley boosted their price target on Sun Life Financial from $52.00 to $53.00 and gave the company an “equal weight” rating in a report on Thursday, October 5th. TD Securities boosted their price target on Sun Life Financial from $50.00 to $51.00 and gave the company a “hold” rating in a report on Thursday, August 10th. Finally, BidaskClub upgraded Sun Life Financial from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 19th. Nine equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Sun Life Financial presently has a consensus rating of “Hold” and a consensus target price of $50.00.

Sun Life Financial (SLF) opened at $38.88 on Monday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.91 and a current ratio of 3.91. The firm has a market capitalization of $23,860.42, a PE ratio of 11.96, a price-to-earnings-growth ratio of 1.77 and a beta of 0.92. Sun Life Financial has a twelve month low of $32.22 and a twelve month high of $40.57.

Sun Life Financial declared that its board has approved a stock repurchase plan on Wednesday, August 9th that permits the company to repurchase 11,500,000 outstanding shares. This repurchase authorization permits the financial services provider to buy shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Wednesday, November 29th will be given a dividend of $0.3565 per share. This represents a $1.43 dividend on an annualized basis and a yield of 3.67%. The ex-dividend date is Tuesday, November 28th. This is an increase from Sun Life Financial’s previous quarterly dividend of $0.34. Sun Life Financial’s payout ratio is 42.12%.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Advisory Services Network LLC increased its position in Sun Life Financial by 0.7% during the second quarter. Advisory Services Network LLC now owns 5,338 shares of the financial services provider’s stock worth $191,000 after buying an additional 38 shares during the last quarter. Stifel Financial Corp increased its position in Sun Life Financial by 4.3% during the second quarter. Stifel Financial Corp now owns 6,060 shares of the financial services provider’s stock worth $216,000 after buying an additional 249 shares during the last quarter. Wetherby Asset Management Inc. increased its position in Sun Life Financial by 4.3% during the second quarter. Wetherby Asset Management Inc. now owns 7,773 shares of the financial services provider’s stock worth $278,000 after buying an additional 317 shares during the last quarter. Janney Montgomery Scott LLC increased its position in Sun Life Financial by 7.9% during the second quarter. Janney Montgomery Scott LLC now owns 6,126 shares of the financial services provider’s stock worth $219,000 after buying an additional 450 shares during the last quarter. Finally, Jones Collombin Investment Counsel Inc increased its position in Sun Life Financial by 20.2% during the second quarter. Jones Collombin Investment Counsel Inc now owns 2,826 shares of the financial services provider’s stock worth $101,000 after buying an additional 475 shares during the last quarter. 41.16% of the stock is currently owned by hedge funds and other institutional investors.

Sun Life Financial Company Profile

Sun Life Financial Inc is the holding company of Sun Life Assurance Company of Canada. The Company is a financial services company providing a range of insurance, wealth and asset management solutions to individuals and corporate Clients. It operates through five segments. The Sun Life Financial Canada segment provides retail insurance and investment advice, products and services to people across Canada.

Earnings History and Estimates for Sun Life Financial (NYSE:SLF)

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