FY2024 EPS Estimate for Sun Life Financial Cut by Analyst

Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) – Equities researchers at Cormark reduced their FY2024 EPS estimates for shares of Sun Life Financial in a research report issued on Tuesday, February 4th. Cormark analyst L. Persaud now anticipates that the financial services provider will earn $4.68 per share for the year, down from their prior forecast of $4.87. The consensus estimate for Sun Life Financial’s current full-year earnings is $4.80 per share. Cormark also issued estimates for Sun Life Financial’s Q4 2024 earnings at $1.24 EPS and FY2025 earnings at $5.22 EPS.

Other analysts have also recently issued reports about the stock. National Bank Financial upgraded shares of Sun Life Financial from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, January 15th. StockNews.com cut shares of Sun Life Financial from a “buy” rating to a “hold” rating in a research note on Wednesday. Two analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy”.

Sun Life Financial Trading Up 0.4 %

Shares of SLF stock opened at $57.98 on Thursday. The stock has a market capitalization of $36.42 billion, a P/E ratio of 12.91, a PEG ratio of 1.57 and a beta of 1.03. The firm’s 50 day moving average is $59.37 and its 200 day moving average is $56.77. Sun Life Financial has a 12 month low of $46.41 and a 12 month high of $62.85.

Institutional Trading of Sun Life Financial

Several institutional investors and hedge funds have recently bought and sold shares of SLF. Clean Yield Group purchased a new stake in Sun Life Financial in the 3rd quarter worth approximately $39,000. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH raised its position in shares of Sun Life Financial by 10.4% during the 3rd quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 38,144 shares of the financial services provider’s stock valued at $2,215,000 after buying an additional 3,581 shares in the last quarter. Sivia Capital Partners LLC purchased a new stake in shares of Sun Life Financial during the 3rd quarter valued at $212,000. Creative Planning raised its position in shares of Sun Life Financial by 1.2% during the 3rd quarter. Creative Planning now owns 48,558 shares of the financial services provider’s stock valued at $2,817,000 after buying an additional 590 shares in the last quarter. Finally, Heathbridge Capital Management Ltd. purchased a new stake in shares of Sun Life Financial during the 3rd quarter valued at $244,000. 52.26% of the stock is currently owned by hedge funds and other institutional investors.

Sun Life Financial Company Profile

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.