Sun Life Financial (TSE:SLF) Stock Rating Upgraded by Scotiabank

Sun Life Financial (TSE:SLF) (NYSE:SLF) was upgraded by research analysts at Scotiabank from a “sector perform” rating to a “sector outperform” rating in a note issued to investors on Wednesday, BayStreet reports. The brokerage presently has a C$122.00 target price on the financial services provider’s stock. Scotiabank‘s price target would indicate a potential upside of 7.89% from the stock’s current price.

Several other analysts also recently commented on SLF. Canadian Imperial Bank of Commerce raised their price objective on Sun Life Financial from C$102.00 to C$116.00 in a research note on Wednesday, July 15th. Barclays increased their price target on Sun Life Financial from C$96.00 to C$98.00 in a report on Friday, August 7th. TD raised their price target on Sun Life Financial from C$121.00 to C$124.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. National Bank Financial cut their price objective on Sun Life Financial from C$125.00 to C$124.00 and set an “outperform” rating on the stock in a report on Monday, October 19th. Finally, Desjardins boosted their price objective on Sun Life Financial from C$120.00 to C$122.00 and gave the company a “buy” rating in a research report on Monday, August 10th. Seven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of C$116.83.

Sun Life Financial Trading Up 0.6%

Sun Life Financial stock traded up C$0.65 during midday trading on Wednesday, hitting C$113.08. 376,067 shares of the stock were exchanged, compared to its average volume of 1,838,793. The stock has a market capitalization of C$62.88 billion, a PE ratio of 19.17, a P/E/G ratio of 1.33 and a beta of 0.73. The company has a fifty day simple moving average of C$111.07 and a two-hundred day simple moving average of C$101.50. The company has a quick ratio of 84,866.00, a current ratio of 27.38 and a debt-to-equity ratio of 34.34. Sun Life Financial has a 52 week low of C$79.99 and a 52 week high of C$118.99.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last posted its earnings results on Thursday, August 6th. The financial services provider reported C$2.02 earnings per share for the quarter. The company had revenue of C$9.05 billion for the quarter. Sun Life Financial had a net margin of 8.81% and a return on equity of 13.89%. Equities research analysts anticipate that Sun Life Financial will post 6.92 EPS for the current fiscal year.

Insider Buying and Selling at Sun Life Financial

In related news, Director Kevin Strain sold 101,580 shares of the stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of C$110.86, for a total transaction of C$11,261,158.80. Following the completion of the transaction, the director directly owned 42,000 shares in the company, valued at approximately C$4,656,120. This trade represents a 70.75% decrease in their ownership of the stock. Also, insider Melissa Jane Kennedy sold 11,740 shares of the business’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of C$110.05, for a total transaction of C$1,291,987.00. Following the completion of the sale, the insider directly owned 43,238 shares in the company, valued at approximately C$4,758,341.90. This represents a 21.35% decrease in their position. Insiders have sold 179,448 shares of company stock valued at $19,874,331 in the last 90 days. 0.03% of the stock is currently owned by company insiders.

About Sun Life Financial

Sun Life is a leading international financial services organization providing asset management, wealth, insurance and health solutions to individual and institutional Clients. Sun Life has operations in a number of markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. As of March 31, 2025, Sun Life had total assets under management of $1.55 trillion.