Sun Life Financial (SLF) Hits New 1-Year Low at $46.04

Sun Life Financial Inc (TSE:SLF) (NYSE:SLF)’s share price reached a new 52-week low during trading on Thursday . The company traded as low as C$46.04 and last traded at C$46.26, with a volume of 923820 shares. The stock had previously closed at C$47.97.

Several equities research analysts have issued reports on SLF shares. Desjardins lowered their price objective on shares of Sun Life Financial from C$60.00 to C$58.00 in a research report on Tuesday, October 16th. Canaccord Genuity cut their price objective on shares of Sun Life Financial from C$54.00 to C$53.00 in a research note on Friday, November 9th. CIBC lowered their price target on shares of Sun Life Financial from C$59.00 to C$57.00 in a report on Monday, October 29th. Evercore decreased their price objective on shares of Sun Life Financial from C$60.50 to C$60.00 in a report on Monday, October 15th. Finally, BMO Capital Markets decreased their price objective on shares of Sun Life Financial from C$62.00 to C$60.00 in a report on Friday, August 10th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of C$57.71.

The company has a current ratio of 386.56, a quick ratio of 361.33 and a debt-to-equity ratio of 19.21.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last issued its earnings results on Wednesday, November 7th. The financial services provider reported C$1.20 EPS for the quarter, topping the consensus estimate of C$1.17 by C$0.03. The company had revenue of C$6 billion for the quarter. As a group, sell-side analysts forecast that Sun Life Financial Inc will post 5.02999975334871 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, December 31st. Shareholders of record on Wednesday, November 28th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 4.34%. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.48. The ex-dividend date of this dividend is Tuesday, November 27th. Sun Life Financial’s dividend payout ratio is 52.92%.

COPYRIGHT VIOLATION WARNING: This news story was originally published by WKRB News and is the sole property of of WKRB News. If you are accessing this news story on another site, it was stolen and republished in violation of United States and international copyright law. The original version of this news story can be read at https://www.wkrb13.com/2018/12/06/sun-life-financial-slf-hits-new-1-year-low-at-46-04.html.

Sun Life Financial Company Profile (TSE:SLF)

Sun Life Financial Inc, a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients, high-net-worth individuals, and families. It operates through Sun Life Financial Canada, Sun Life Financial United States, Sun Life Financial Asset Management, Sun Life Financial Asia, and Corporate segments.

Featured Article: Return on Equity (ROE)

Receive News & Ratings for Sun Life Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sun Life Financial and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply