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Sun Life Financial (NYSE:SLF) was downgraded by analysts at National Bank Financial to a “sector perform” rating in a research report issued to clients and investors on Friday.

Sun Life Financial (NYSE:SLF) opened at 36.72 on Friday. Sun Life Financial has a one year low of $30.01 and a one year high of $38.85. The stock has a 50-day moving average of $37.38 and a 200-day moving average of $35.05. The company has a market cap of $22.294 billion and a price-to-earnings ratio of 28.78.

Sun Life Financial (NYSE:SLF) last released its earnings data on Wednesday, August 6th. The company reported $0.81 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.70 by $0.11. Analysts expect that Sun Life Financial will post $2.90 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which is scheduled for Tuesday, September 30th. Shareholders of record on Wednesday, August 27th will be given a dividend of $0.3298 per share. This represents a $1.32 dividend on an annualized basis and a yield of 3.59%. The ex-dividend date of this dividend is Monday, August 25th.

SLF has been the subject of a number of other recent research reports. Analysts at Goldman Sachs initiated coverage on shares of Sun Life Financial in a research note on Thursday, June 26th. They set a “buy” rating on the stock. Analysts at Canaccord Genuity initiated coverage on shares of Sun Life Financial in a research note on Monday, May 26th. They set a “buy” rating on the stock. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $36.67.

Sun Life Financial Inc (NYSE:SLF) is an international financial services organization providing a diverse range of protection and wealth accumulation products and services to individuals and corporate customers.

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