Analysts predict that Sun Life Financial Inc (NYSE:SLF) (TSE:SLF) will post earnings per share (EPS) of $0.81 for the current quarter, Zacks Investment Research reports. Zero analysts have provided estimates for Sun Life Financial’s earnings, with estimates ranging from $0.79 to $0.84. Sun Life Financial reported earnings of $0.89 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 9%. The business is expected to report its next quarterly earnings report on Wednesday, February 21st.

On average, analysts expect that Sun Life Financial will report full year earnings of $3.16 per share for the current fiscal year, with EPS estimates ranging from $3.03 to $3.23. For the next fiscal year, analysts anticipate that the business will report earnings of $3.44 per share, with EPS estimates ranging from $3.38 to $3.51. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Sun Life Financial.

A number of equities research analysts have issued reports on SLF shares. Zacks Investment Research raised shares of Sun Life Financial from a “hold” rating to a “buy” rating and set a $45.00 target price for the company in a research note on Tuesday, October 10th. Morgan Stanley lifted their target price on shares of Sun Life Financial from $52.00 to $53.00 and gave the company an “equal weight” rating in a research note on Thursday, October 5th. Finally, BMO Capital Markets reissued a “hold” rating and set a $52.00 target price on shares of Sun Life Financial in a research note on Friday, November 24th. Seven investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Sun Life Financial currently has an average rating of “Hold” and a consensus target price of $50.40.

Several hedge funds have recently added to or reduced their stakes in SLF. Bronfman E.L. Rothschild L.P. lifted its stake in shares of Sun Life Financial by 24.8% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 4,475 shares of the financial services provider’s stock valued at $160,000 after purchasing an additional 888 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Sun Life Financial by 13.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 261,590 shares of the financial services provider’s stock valued at $9,352,000 after purchasing an additional 31,893 shares during the last quarter. Atlantic Trust Group LLC lifted its stake in shares of Sun Life Financial by 71.0% in the 2nd quarter. Atlantic Trust Group LLC now owns 33,493 shares of the financial services provider’s stock valued at $1,197,000 after purchasing an additional 13,902 shares during the last quarter. Schroder Investment Management Group lifted its stake in shares of Sun Life Financial by 1,345.0% in the 2nd quarter. Schroder Investment Management Group now owns 659,300 shares of the financial services provider’s stock valued at $30,401,000 after purchasing an additional 613,674 shares during the last quarter. Finally, AGF Investments Inc. lifted its stake in shares of Sun Life Financial by 0.3% in the 2nd quarter. AGF Investments Inc. now owns 1,167,164 shares of the financial services provider’s stock valued at $41,748,000 after purchasing an additional 3,235 shares during the last quarter. 41.15% of the stock is owned by institutional investors and hedge funds.

Shares of Sun Life Financial (NYSE SLF) traded up $0.19 during trading hours on Friday, hitting $41.83. 166,614 shares of the company’s stock were exchanged, compared to its average volume of 407,128. The firm has a market cap of $25,600.00, a price-to-earnings ratio of 12.05, a P/E/G ratio of 1.72 and a beta of 0.93. Sun Life Financial has a 52 week low of $32.22 and a 52 week high of $41.99. The company has a quick ratio of 4.42, a current ratio of 4.42 and a debt-to-equity ratio of 0.21.

The business also recently announced a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Wednesday, November 29th were paid a dividend of $0.3565 per share. The ex-dividend date was Tuesday, November 28th. This represents a $1.43 dividend on an annualized basis and a dividend yield of 3.41%. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.34. Sun Life Financial’s dividend payout ratio (DPR) is 41.79%.

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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.

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