News articles about Sun Life Financial (NYSE:SLF) (TSE:SLF) have been trending somewhat positive recently, according to Accern. The research group identifies negative and positive press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Sun Life Financial earned a media sentiment score of 0.05 on Accern’s scale. Accern also assigned media headlines about the financial services provider an impact score of 47.4063670073768 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- Principal Financial Group (PFG) & Sun Life Financial (SLF) Head-To-Head Review (americanbankingnews.com)
- Sun Life Financial Inc. (SLF) Cut to “Hold” at Zacks Investment Research (americanbankingnews.com)
- MEDIA ADVISORY – Sun Life Financial and the Toronto Raptors to introduce dynamic program promoting healthy living in Canadian youth (finance.yahoo.com)
- Sun Life partners with Pareto to enter group stop-loss captives market – PR Newswire (press release) (prnewswire.com)
Sun Life Financial (NYSE SLF) opened at 39.76 on Thursday. The firm has a market capitalization of $24.40 billion, a PE ratio of 11.50 and a beta of 0.88. The stock has a 50 day moving average price of $39.18 and a 200-day moving average price of $36.65. Sun Life Financial has a one year low of $32.22 and a one year high of $40.57.
Sun Life Financial (NYSE:SLF) (TSE:SLF) last issued its quarterly earnings results on Wednesday, August 9th. The financial services provider reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.09. The business had revenue of $8.12 billion during the quarter, compared to analysts’ expectations of $7.36 billion. Sun Life Financial had a return on equity of 13.29% and a net margin of 12.48%. The firm’s revenue for the quarter was down 14.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.90 earnings per share. On average, equities analysts forecast that Sun Life Financial will post $3.30 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Wednesday, August 30th were paid a $0.3439 dividend. This is a boost from Sun Life Financial’s previous quarterly dividend of $0.32. This represents a $1.38 annualized dividend and a dividend yield of 3.46%. The ex-dividend date of this dividend was Monday, August 28th. Sun Life Financial’s payout ratio is 43.85%.
Sun Life Financial announced that its Board of Directors has initiated a stock repurchase plan on Wednesday, August 9th that authorizes the company to repurchase 11,500,000 shares. This repurchase authorization authorizes the financial services provider to purchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its stock is undervalued.
Several equities analysts have commented on SLF shares. Zacks Investment Research cut Sun Life Financial from a “buy” rating to a “hold” rating in a report on Thursday, October 12th. Bank of America Corporation raised Sun Life Financial from an “underperform” rating to a “hold” rating in a report on Monday, July 10th. TD Securities upped their price target on Sun Life Financial from $50.00 to $51.00 and gave the company a “hold” rating in a report on Thursday, August 10th. ValuEngine raised Sun Life Financial from a “hold” rating to a “buy” rating in a report on Wednesday, June 28th. Finally, BidaskClub raised Sun Life Financial from a “hold” rating to a “buy” rating in a report on Saturday, July 8th. Ten research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $50.00.
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Sun Life Financial Company Profile
Sun Life Financial Inc is the holding company of Sun Life Assurance Company of Canada. The Company is a financial services company providing a range of insurance, wealth and asset management solutions to individuals and corporate Clients. It operates through five segments. The Sun Life Financial Canada segment provides retail insurance and investment advice, products and services to people across Canada.
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