Sun Life Financial Inc. (NYSE:SLF) (TSE:SLF) – Research analysts at National Bank Financial decreased their Q2 2018 earnings per share estimates for shares of Sun Life Financial in a note issued to investors on Tuesday. National Bank Financial analyst G. Dechaine now forecasts that the financial services provider will post earnings per share of $0.84 for the quarter, down from their prior estimate of $0.85.

A number of other analysts also recently weighed in on SLF. BidaskClub raised shares of Sun Life Financial from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 19th. TD Securities increased their price target on shares of Sun Life Financial from $50.00 to $51.00 and gave the company a “hold” rating in a report on Thursday, August 10th. Zacks Investment Research downgraded shares of Sun Life Financial from a “buy” rating to a “hold” rating in a report on Tuesday, September 19th. Bank of America Corporation raised shares of Sun Life Financial from an “underperform” rating to a “hold” rating in a report on Monday, July 10th. Finally, Morgan Stanley increased their price target on shares of Sun Life Financial from $52.00 to $53.00 and gave the company an “equal weight” rating in a report on Thursday, October 5th. Ten equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Sun Life Financial has an average rating of “Hold” and an average target price of $50.00.

COPYRIGHT VIOLATION WARNING: This article was originally reported by American Banking News and is the sole property of of American Banking News. If you are accessing this article on another website, it was illegally copied and reposted in violation of United States and international trademark and copyright law. The legal version of this article can be read at https://www.americanbankingnews.com/2017/11/02/sun-life-financial-inc-expected-to-earn-q2-2018-earnings-of-0-84-per-share-slf.html.

Sun Life Financial (NYSE:SLF) (TSE:SLF) last released its earnings results on Wednesday, August 9th. The financial services provider reported $0.83 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.09. The company had revenue of $8.12 billion during the quarter, compared to the consensus estimate of $7.36 billion. Sun Life Financial had a net margin of 12.48% and a return on equity of 13.29%. The company’s revenue was down 14.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.90 EPS.

Sun Life Financial announced that its Board of Directors has approved a stock repurchase program on Wednesday, August 9th that allows the company to buyback 11,500,000 shares. This buyback authorization allows the financial services provider to buy shares of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

Several large investors have recently modified their holdings of SLF. Jones Collombin Investment Counsel Inc grew its position in shares of Sun Life Financial by 20.2% during the 2nd quarter. Jones Collombin Investment Counsel Inc now owns 2,826 shares of the financial services provider’s stock worth $101,000 after buying an additional 475 shares during the period. Bronfman E.L. Rothschild L.P. grew its position in shares of Sun Life Financial by 24.8% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 4,475 shares of the financial services provider’s stock worth $160,000 after buying an additional 888 shares during the period. Captrust Financial Advisors acquired a new stake in shares of Sun Life Financial during the 2nd quarter worth approximately $162,000. Tower Research Capital LLC TRC grew its position in shares of Sun Life Financial by 147.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,628 shares of the financial services provider’s stock worth $168,000 after buying an additional 2,163 shares during the period. Finally, Advisory Services Network LLC grew its position in shares of Sun Life Financial by 0.7% during the 2nd quarter. Advisory Services Network LLC now owns 5,338 shares of the financial services provider’s stock worth $191,000 after buying an additional 38 shares during the period. Institutional investors own 41.17% 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)

Receive News & Ratings for Sun Life Financial Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sun Life Financial Inc. and related companies with MarketBeat.com's FREE daily email newsletter.