Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) – Equities research analysts at Desjardins increased their Q2 2017 earnings estimates for shares of Sun Life Financial in a report released on Tuesday. Desjardins analyst D. Young now forecasts that the financial services provider will post earnings of $0.76 per share for the quarter, up from their prior estimate of $0.72. Desjardins also issued estimates for Sun Life Financial’s Q3 2017 earnings at $0.77 EPS, Q4 2017 earnings at $0.81 EPS, FY2017 earnings at $3.09 EPS and FY2018 earnings at $3.40 EPS.

A number of other equities research analysts also recently weighed in on SLF. Zacks Investment Research raised Sun Life Financial from a “sell” rating to a “buy” rating and set a $40.00 price objective on the stock in a research report on Wednesday, July 12th. Bank of America Corporation raised Sun Life Financial from an “underperform” rating to a “hold” rating in a research report on Monday, July 10th. BidaskClub raised Sun Life Financial from a “sell” rating to a “hold” rating in a research report on Friday, June 30th. National Bank Financial reissued an “outperform overweight” rating on shares of Sun Life Financial in a report on Tuesday, May 9th. Finally, ValuEngine raised Sun Life Financial from a “hold” rating to a “buy” rating in a report on Wednesday, June 28th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $45.17.

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Sun Life Financial (NYSE SLF) opened at 37.57 on Thursday. The company has a market cap of $23.06 billion, a PE ratio of 11.84 and a beta of 0.87. The company has a 50-day moving average of $34.86 and a 200-day moving average of $36.26. Sun Life Financial has a 52 week low of $30.38 and a 52 week high of $40.57.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 30th. Shareholders of record on Wednesday, May 31st were issued a $0.3164 dividend. This represents a $1.27 annualized dividend and a yield of 3.37%. The ex-dividend date of this dividend was Friday, May 26th. Sun Life Financial’s dividend payout ratio is presently 41.23%.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Sun Life Financial by 103.1% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 2,789 shares of the financial services provider’s stock valued at $107,000 after buying an additional 1,416 shares during the last quarter. Bronfman E.L. Rothschild L.P. boosted its position in shares of Sun Life Financial by 0.5% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 3,587 shares of the financial services provider’s stock valued at $131,000 after buying an additional 17 shares during the last quarter. Rational Advisors LLC boosted its position in shares of Sun Life Financial by 14.3% in the first quarter. Rational Advisors LLC now owns 4,538 shares of the financial services provider’s stock valued at $166,000 after buying an additional 567 shares during the last quarter. Advisory Services Network LLC purchased a new position in shares of Sun Life Financial during the first quarter valued at about $194,000. Finally, Stifel Financial Corp boosted its position in shares of Sun Life Financial by 1.8% in the first quarter. Stifel Financial Corp now owns 5,811 shares of the financial services provider’s stock valued at $209,000 after buying an additional 102 shares during the last quarter. Hedge funds and other institutional investors own 42.30% of the company’s stock.

About Sun Life Financial

Sun Life Financial Inc is the holding company of Sun Life Assurance Company of Canada. The Company is a financial services company providing a range of insurance, wealth and asset management solutions to individuals and corporate Clients. It operates through five segments. The Sun Life Financial Canada segment provides retail insurance and investment advice, products and services to people across Canada.

Earnings History and Estimates for Sun Life Financial (NYSE:SLF)

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