Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) – Cormark increased their Q2 2017 EPS estimates for shares of Sun Life Financial in a research note issued on Tuesday. Cormark analyst M. Grauman now expects that the financial services provider will earn $0.78 per share for the quarter, up from their prior estimate of $0.72. Cormark also issued estimates for Sun Life Financial’s Q3 2017 earnings at $0.79 EPS, Q4 2017 earnings at $0.83 EPS, FY2017 earnings at $3.14 EPS and FY2018 earnings at $3.44 EPS.

A number of other research analysts have also commented on the stock. Zacks Investment Research upgraded shares of Sun Life Financial from a “sell” rating to a “buy” rating and set a $40.00 price objective on the stock in a research note on Wednesday, July 12th. Bank of America Corporation upgraded shares of Sun Life Financial from an “underperform” rating to a “hold” rating in a research note on Monday, July 10th. BidaskClub upgraded shares of Sun Life Financial from a “hold” rating to a “buy” rating in a research note on Saturday, July 8th. ValuEngine upgraded shares of Sun Life Financial from a “hold” rating to a “buy” rating in a research note on Wednesday, June 28th. Finally, Royal Bank Of Canada upgraded shares of Sun Life Financial from a “sector perform” rating to an “outperform” rating and set a $51.00 price objective on the stock in a research note on Wednesday, June 7th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $45.17.

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Sun Life Financial (SLF) opened at 38.48 on Wednesday. Sun Life Financial has a 52-week low of $30.38 and a 52-week high of $40.57. The firm has a market capitalization of $23.61 billion, a P/E ratio of 12.02 and a beta of 0.87. The company has a 50 day moving average price of $35.28 and a 200 day moving average price of $36.23.

Hedge funds and other institutional investors have recently modified their holdings of the company. Beutel Goodman & Co Ltd. purchased a new position in shares of Sun Life Financial during the first quarter worth about $221,905,000. AQR Capital Management LLC raised its position in shares of Sun Life Financial by 686.8% in the first quarter. AQR Capital Management LLC now owns 1,429,171 shares of the financial services provider’s stock worth $52,038,000 after buying an additional 1,247,534 shares during the period. Greystone Managed Investments Inc. raised its position in shares of Sun Life Financial by 562.3% in the first quarter. Greystone Managed Investments Inc. now owns 1,440,844 shares of the financial services provider’s stock worth $52,462,000 after buying an additional 1,223,285 shares during the period. AGF Investments Inc. raised its position in shares of Sun Life Financial by 835.2% in the first quarter. AGF Investments Inc. now owns 1,163,929 shares of the financial services provider’s stock worth $42,452,000 after buying an additional 1,039,472 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of Sun Life Financial by 4.8% in the first quarter. Vanguard Group Inc. now owns 13,072,396 shares of the financial services provider’s stock worth $477,796,000 after buying an additional 593,878 shares during the period. Institutional investors and hedge funds own 42.80% of the company’s stock.

The company also recently declared a quarterly dividend, which was paid on Friday, June 30th. Stockholders of record on Wednesday, May 31st were paid a dividend of $0.3164 per share. The ex-dividend date was Friday, May 26th. This represents a $1.27 dividend on an annualized basis and a dividend yield of 3.29%. Sun Life Financial’s dividend payout ratio (DPR) is 41.23%.

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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