Sun Life Financial (TSE:SLF) Stock Rating Cut to “Hold” at TD Securities

Sun Life Financial (TSE:SLF) (NYSE:SLF) was downgraded by stock analysts at TD Securities from a “strong-buy” rating to a “hold” rating in a report issued on Thursday, Zacks reports.

A number of other analysts also recently issued reports on the stock. Scotia increased their price target on shares of Sun Life Financial from C$110.00 to C$118.00 and gave the stock a “sector perform” rating in a report on Monday, August 10th. TD boosted their price target on Sun Life Financial from C$121.00 to C$124.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Royal Bank Of Canada increased their price objective on shares of Sun Life Financial from C$98.00 to C$119.00 and gave the company a “sector perform” rating in a report on Monday, August 10th. Desjardins raised their target price on 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. Finally, Barclays lifted their price target on shares of Sun Life Financial from C$96.00 to C$98.00 in a research report on Friday, August 7th. Five investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Sun Life Financial currently has a consensus rating of “Hold” and a consensus target price of C$116.50.

Sun Life Financial Stock Down 10.2%

Shares of SLF stock opened at C$102.83 on Thursday. The stock has a 50 day moving average of C$111.37 and a 200 day moving average of C$102.38. The company has a current ratio of 27.38, a quick ratio of 84,866.00 and a debt-to-equity ratio of 34.34. The stock has a market cap of C$57.18 billion, a P/E ratio of 17.43, a P/E/G ratio of 1.33 and a beta of 0.67. Sun Life Financial has a twelve month low of C$79.99 and a twelve month high of C$118.99.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last released its quarterly earnings data on Wednesday, November 4th. The financial services provider reported C$2.05 EPS for the quarter. The business had revenue of C$8.79 billion for the quarter. Sun Life Financial had a return on equity of 13.89% and a net margin of 8.81%. As a group, sell-side analysts expect that Sun Life Financial will post 6.92 EPS for the current year.

Insider Transactions at Sun Life Financial

In other Sun Life Financial news, Director Kevin Strain sold 101,580 shares of the stock in a transaction that occurred on Thursday, September 3rd. The shares were 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. This represents a 70.75% decrease in their position. Also, insider Jacques Jr. Goulet sold 36,805 shares of the firm’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of C$111.24, for a total value of C$4,094,188.20. Following the completion of the sale, the insider owned 1,063 shares in the company, valued at approximately C$118,248.12. This represents a 97.19% decrease in their ownership of the stock. Over the last ninety days, insiders sold 179,448 shares of company stock valued at $19,874,331. 0.03% of the stock is currently owned by corporate insiders.

Sun Life Financial Company Profile

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.