Cormark Predicts Sun Life Financial’s Q1 Earnings (NYSE:SLF)

Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) – Stock analysts at Cormark issued their Q1 2025 earnings per share (EPS) estimates for Sun Life Financial in a note issued to investors on Wednesday, April 30th. Cormark analyst L. Persaud forecasts that the financial services provider will post earnings per share of $1.23 for the quarter. Cormark has a “Moderate Buy” rating on the stock. The consensus estimate for Sun Life Financial’s current full-year earnings is $5.19 per share.

Other research analysts have also recently issued research reports about the company. National Bank Financial raised Sun Life Financial from a “sector perform” rating to an “outperform” rating in a research note on Wednesday, January 15th. StockNews.com cut Sun Life Financial from a “buy” rating to a “hold” rating in a research note on Wednesday, February 5th. Two equities research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Sun Life Financial presently has an average rating of “Moderate Buy”.

Sun Life Financial Stock Performance

NYSE:SLF opened at $59.17 on Thursday. Sun Life Financial has a 1 year low of $46.41 and a 1 year high of $62.85. The stock has a market cap of $33.58 billion, a price-to-earnings ratio of 15.41, a PEG ratio of 1.52 and a beta of 0.87. The business has a fifty day moving average of $56.32 and a 200-day moving average of $57.88.

Sun Life Financial (NYSE:SLF) (TSE:SLF) last issued its earnings results on Wednesday, February 12th. The financial services provider reported $1.20 earnings per share for the quarter, topping the consensus estimate of $0.90 by $0.30. Sun Life Financial had a return on equity of 16.86% and a net margin of 8.08%.

Sun Life Financial Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Wednesday, February 26th were paid a dividend of $0.5876 per share. The ex-dividend date was Wednesday, February 26th. This represents a $2.35 annualized dividend and a yield of 3.97%. Sun Life Financial’s dividend payout ratio is currently 60.16%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. boosted its stake in Sun Life Financial by 1.2% during the third quarter. JPMorgan Chase & Co. now owns 2,841,712 shares of the financial services provider’s stock valued at $164,876,000 after buying an additional 34,072 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Sun Life Financial by 34.0% during the fourth quarter. Principal Financial Group Inc. now owns 23,633 shares of the financial services provider’s stock valued at $1,403,000 after purchasing an additional 6,000 shares during the last quarter. CIBC Asset Management Inc lifted its holdings in shares of Sun Life Financial by 10.8% during the fourth quarter. CIBC Asset Management Inc now owns 7,192,059 shares of the financial services provider’s stock valued at $427,712,000 after purchasing an additional 703,391 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Sun Life Financial by 1.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,596,439 shares of the financial services provider’s stock valued at $94,743,000 after purchasing an additional 15,908 shares during the last quarter. Finally, Intact Investment Management Inc. lifted its holdings in shares of Sun Life Financial by 295.5% during the fourth quarter. Intact Investment Management Inc. now owns 1,911,027 shares of the financial services provider’s stock valued at $113,453,000 after purchasing an additional 1,427,815 shares during the last quarter. Institutional investors own 52.26% of the company’s stock.

About Sun Life Financial

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.