Sun Life Financial (TSE:SLF) Stock Rating Upgraded by Scotiabank

Sun Life Financial (TSE:SLF) (NYSE:SLF) was upgraded by research analysts at Scotiabank from a “sector perform” rating to a “sector outperform” rating in a research report issued to clients and investors on Wednesday, BayStreet reports. The firm presently has a C$122.00 price objective on the financial services provider’s stock. Scotiabank‘s target price would suggest a potential upside of 7.89% from the stock’s previous close.

Several other research firms have also weighed in on SLF. Desjardins boosted their price objective on shares of Sun Life Financial from C$120.00 to C$122.00 and gave the stock a “buy” rating in a research note on Monday, August 10th. Canadian Imperial Bank of Commerce raised their target price on shares of Sun Life Financial from C$102.00 to C$116.00 in a research note on Wednesday, July 15th. Barclays lifted their price target on Sun Life Financial from C$96.00 to C$98.00 in a report on Friday, August 7th. National Bank Financial lowered their price target on Sun Life Financial from C$125.00 to C$124.00 and set an “outperform” rating on the stock in a research report on Monday, October 19th. Finally, TD upped their price objective on Sun Life Financial from C$121.00 to C$124.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Seven investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$116.83.

Sun Life Financial Stock Up 0.6%

Shares of TSE SLF traded up C$0.65 during trading hours on Wednesday, hitting C$113.08. The company had a trading volume of 376,067 shares, compared to its average volume of 1,838,793. Sun Life Financial has a 1-year low of C$79.99 and a 1-year high of C$118.99. The company has a quick ratio of 84,866.00, a current ratio of 27.38 and a debt-to-equity ratio of 34.34. The firm’s 50 day moving average is C$111.07 and its 200-day moving average is C$101.50. The stock has a market capitalization of C$62.88 billion, a P/E ratio of 19.17, a price-to-earnings-growth ratio of 1.33 and a beta of 0.73.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last issued its earnings results on Thursday, August 6th. The financial services provider reported C$2.02 earnings per share for the quarter. Sun Life Financial had a net margin of 8.81% and a return on equity of 13.89%. The business had revenue of C$9.05 billion for the quarter. On average, analysts expect that Sun Life Financial will post 6.92 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Melissa Jane Kennedy sold 15,114 shares of the business’s stock in a transaction that occurred on Tuesday, September 8th. The stock was sold at an average price of C$110.05, for a total transaction of C$1,663,295.70. Following the completion of the sale, the insider owned 28,124 shares in the company, valued at C$3,095,046.20. The trade was a 34.96% decrease in their ownership of the stock. Also, Director Kevin Strain sold 101,580 shares of Sun Life Financial stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of C$110.86, for a total value of C$11,261,158.80. Following the sale, the director directly owned 42,000 shares of the company’s stock, valued at approximately C$4,656,120. The trade was a 70.75% decrease in their ownership of the stock. Insiders have sold 179,448 shares of company stock valued at $19,874,331 over the last ninety days. 0.03% of the stock is currently owned by company insiders.

About Sun Life Financial

Sun Life is a leading international financial services organization providing asset management, wealth, insurance and health solutions to individual and institutional Clients. Sun Life has operations in a number of markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda. As of March 31, 2025, Sun Life had total assets under management of $1.55 trillion.