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Sun Life Financial Inc. (SLF)

NYSE - Nasdaq Real-time price. Currency in USD
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38.98-0.15 (-0.38%)
As of 10:39AM EDT. Market open.
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Trade prices are not sourced from all markets
Previous close39.13
Bid38.94 x 900
Ask38.95 x 800
Day's range38.91 - 39.11
52-week range24.37 - 50.13
Avg. volume693,800
Market cap22.674B
Beta (5Y monthly)1.00
PE ratio (TTM)14.75
EPS (TTM)2.64
Earnings date08 Feb 2017 - 13 Feb 2017
Forward dividend & yield1.61 (4.12%)
Ex-dividend date26 May 2020
1y target est45.65
  • Why Sun Life (SLF) Could Beat Earnings Estimates Again

    Why Sun Life (SLF) Could Beat Earnings Estimates Again

    Sun Life (SLF) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

  • Virus Woes Hit Canada Lifecos Facing Worst Profit Pinch in Years

    Virus Woes Hit Canada Lifecos Facing Worst Profit Pinch in Years

    (Bloomberg) -- The global coronavirus pandemic is proving challenging for Canada’s largest life insurers, with analysts expecting the biggest profit decline in eight years amid a slowdown in insurance sales, higher credit losses and bruised investments.Most expect an average decline in adjusted per-share profit of more than 10% from a year earlier for the four lifecos -- Manulife Financial Corp., Sun Life Financial Inc., Great-West Lifeco Inc. and IA Financial Corp. -- as the economic impacts of Covid-19 weigh on operations.The last time earnings were that bad was in the second quarter of 2012, according to Bloomberg data, when lower interest rates and stock-market declines precipitated a C$300 million ($225 million) loss at Manulife and plunging profits at its peers.Market ImpactIn the last quarter, markets had a significant influence on earnings and will lead to conflicting impacts on the lifecos’ results, according to Barclays Plc analyst John Aiken.“While the rebound in equity markets should be a benefit, we expect that this will be offset by the ongoing low-interest-rate environment and the compression in corporate spreads,” Aiken said in a July 10 note. “In addition, the stronger Canadian dollar in the quarter will likely reduce earnings translated from outside of Canada.”A bounce-back in equity markets will offer some reprieve in what RBC Capital Markets analyst Darko Mihelic calls a “tough quarter,” with rebounding stocks lifting managed assets in wealth-management arms from first-quarter levels. Mihelic is the most optimistic among analysts surveyed by Bloomberg, forecasting an average 4% decline in adjusted earnings at the four lifecos.Small NegativesCovid-19 may bring “small negatives” in terms of mortality and morbidity rates, CIBC analyst Paul Holden said in a July 17 note.“The exponential rise in Covid-19 cases, nationwide lockdowns and record unemployment rates will have an impact on policyholder experience,” Holden said. “The magnitude of impact on the life-insurance industry cannot be quantified, which tends to raise alarm bells, but when we put things in perspective we believe the earnings impact will be minor.”Insurers Lag Declining credit spreads, the Canadian dollar’s appreciation and downgrades in fixed-income securities will be negatives in the quarter, TD Securities analyst Mario Mendonca said in a July 21 note.While Mendonca has a buy-equivalent recommendation on the insurance sector, he sees stronger performance from bank stocks. That’s based on his belief that the sole focus of central banks and regulators around the world is ensuring that banks remain strong, with policy responses keeping interest rates low well after bank stocks have recovered.“Ultimately, we expect the low-interest-rate environment to weigh on the insurers for longer than the banks because of the much longer duration of the liabilities,” Mendonca said, adding that a further retreat in credit spreads during the recovery may fuel a “strong rebound” in trading and capital-markets revenue for banks while driving reserves higher for insurers.IA Financial kicks off the reporting season on Thursday, while Great-West Lifeco releases financials on Aug. 4 and Manulife the day after. Sun Life is the last to announce its figures, on Aug. 6.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Why Sun Life Financial Inc's dividend is looking sustainable

    Why Sun Life Financial Inc's dividend is looking sustainable

    There is great comfort to be found in regular, reliable dividend payouts, especially in times of economic uncertainty. But finding shares that can pay them isn...

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