Sun Life Financial (TSE:SLF) Announces Quarterly Earnings Results

Sun Life Financial (TSE:SLF) (NYSE:SLF) released its earnings results on Wednesday. The financial services provider reported C$2.05 EPS for the quarter, FiscalAI reports. The firm had revenue of C$8.79 billion for the quarter. Sun Life Financial had a net margin of 8.81% and a return on equity of 13.89%.

Sun Life Financial Stock Performance

TSE:SLF opened at C$114.52 on Thursday. The stock has a market cap of C$63.68 billion, a P/E ratio of 19.41, a price-to-earnings-growth ratio of 1.33 and a beta of 0.73. The company has a current ratio of 27.38, a quick ratio of 84,866.00 and a debt-to-equity ratio of 34.34. The stock’s 50-day moving average is C$111.51 and its 200-day moving average is C$102.30. Sun Life Financial has a 1-year low of C$79.99 and a 1-year high of C$118.99.

Sun Life Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 29th. Stockholders of record on Tuesday, September 29th were paid a dividend of $0.96 per share. This represents a $3.84 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend was Wednesday, August 26th. Sun Life Financial’s dividend payout ratio (DPR) is presently 62.37%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Evercore cut shares of Sun Life Financial from an “outperform” rating to a “hold” rating and set a C$111.00 price objective on the stock. in a research note on Monday, July 13th. Jefferies Financial Group upped their target price on Sun Life Financial from C$131.00 to C$141.00 in a research note on Monday, August 10th. Barclays upped their target price on Sun Life Financial from C$96.00 to C$98.00 in a research note on Friday, August 7th. TD raised their target price on Sun Life Financial from C$121.00 to C$124.00 and gave the company a “buy” rating in a report on Friday, August 7th. Finally, Scotiabank upgraded Sun Life Financial from a “hold” rating to a “sector outperform” rating and set a C$122.00 price target on the stock in a research note on Wednesday, October 28th. Seven analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Sun Life Financial currently has an average rating of “Moderate Buy” and a consensus target price of C$116.83.

Insider Activity at Sun Life Financial

In related news, insider Melissa Jane Kennedy sold 15,114 shares of the firm’s stock in a transaction that occurred on Tuesday, September 8th. The shares were sold at an average price of C$110.05, for a total value of C$1,663,295.70. Following the completion of the transaction, the insider owned 28,124 shares in the company, valued at C$3,095,046.20. This trade represents a 34.96% decrease in their position. Also, Director Kevin Strain sold 101,580 shares of Sun Life Financial stock in a transaction that occurred on 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 sale, the director owned 42,000 shares in the company, valued at approximately C$4,656,120. This represents a 70.75% decrease in their ownership of the stock. Insiders sold a total of 179,448 shares of company stock worth $19,874,331 in the last quarter. 0.03% of the stock is owned by insiders.

Sun Life Financial Company Profile

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.