Sun Life Financial (SLF) – Research Analysts’ Recent Ratings Changes

Several analysts have recently updated their ratings and price targets for Sun Life Financial (TSE: SLF):

• 7/23/2026 – Sun Life Financial had its price target raised by National Bank Financial from C$108.00 to C$125.00. They now have an “outperform” rating on the stock.
• 7/21/2026 – Sun Life Financial had its price target raised by Jefferies Financial Group Inc. from C$115.00 to C$131.00. They now have a “buy” rating on the stock.
• 7/21/2026 – Sun Life Financial had its price target raised by TD from C$107.00 to C$121.00. They now have a “buy” rating on the stock.
• 7/15/2026 – Sun Life Financial had its price target raised by Scotiabank from C$98.00 to C$111.00. They now have a “sector perform” rating on the stock.
• 7/15/2026 – Sun Life Financial had its price target raised by Canadian Imperial Bank of Commerce from C$102.00 to C$116.00.
• 7/13/2026 – Sun Life Financial was downgraded by Evercore Inc from “outperform” to “hold”. They now have a C$111.00 price target on the stock.

Sun Life Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were given a $0.96 dividend. The ex-dividend date of this dividend was Wednesday, May 27th. This represents a $3.84 annualized dividend and a yield of 3.3%. This is a boost from Sun Life Financial’s previous quarterly dividend of $0.92. Sun Life Financial’s dividend payout ratio is 67.04%.

Insiders Place Their Bets

In other news, insider Melissa Jane Kennedy sold 7,366 shares of the company’s stock in a transaction on Monday, May 25th. The stock was sold at an average price of C$101.49, for a total transaction of C$747,575.34. Following the sale, the insider owned 13,916 shares of the company’s stock, valued at approximately C$1,412,334.84. This represents a 34.61% decrease in their ownership of the stock. Also, insider Jacques Jr. Goulet sold 35,000 shares of the company’s stock in a transaction on Thursday, May 14th. The stock was sold at an average price of C$97.80, for a total value of C$3,423,000.00. Following the sale, the insider directly owned 1,054 shares in the company, valued at C$103,081.20. This represents a 97.08% decrease in their position. Over the last quarter, insiders have sold 380,998 shares of company stock valued at $38,271,605. Corporate insiders own 0.03% of the company’s stock.

Sun Life Financial is one of Canada’s Big Three life insurance companies along with Great-West Lifeco and Manulife. Sun Life provides insurance, retirement, and wealth-management services to individual and corporate customers in Canada, the United States, and Asia. It also owns MFS Investment Management, a Boston-based asset-management firm. Sun Life generates about a third of its profit from asset-management operations.