Favorable News Coverage Somewhat Unlikely to Impact Sun Life Financial (SLF) Share Price

Media headlines about Sun Life Financial (TSE:SLF) (NYSE:SLF) have trended positive recently, according to InfoTrie Sentiment Analysis. The research group identifies positive and negative news coverage by monitoring more than 6,000 news and blog sources in real-time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Sun Life Financial earned a daily sentiment score of 2.43 on their scale. InfoTrie also assigned news coverage about the financial services provider an news buzz score of 4 out of 10, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.

Here are some of the news headlines that may have effected Sun Life Financial’s score:

Shares of TSE SLF traded down C$0.18 during mid-day trading on Friday, hitting C$48.45. The company had a trading volume of 1,192,800 shares, compared to its average volume of 1,099,038. The company has a debt-to-equity ratio of 18.98, a quick ratio of 448.92 and a current ratio of 481.58. Sun Life Financial has a one year low of C$46.96 and a one year high of C$56.09.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last announced its quarterly earnings data on Wednesday, August 8th. The financial services provider reported C$1.20 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$1.15 by C$0.05. The company had revenue of C$6.83 billion during the quarter. Research analysts anticipate that Sun Life Financial will post 5.01311658165698 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 31st. Stockholders of record on Wednesday, November 28th will be issued a $0.50 dividend. This is a boost from Sun Life Financial’s previous quarterly dividend of $0.48. The ex-dividend date is Tuesday, November 27th. This represents a $2.00 annualized dividend and a dividend yield of 4.13%. Sun Life Financial’s dividend payout ratio (DPR) is presently 46.50%.

A number of equities analysts have issued reports on the company. Canaccord Genuity lowered their target price on Sun Life Financial from C$54.00 to C$53.00 in a report on Friday. BMO Capital Markets lowered their target price on Sun Life Financial from C$60.00 to C$56.00 in a report on Friday. Barclays lowered their target price on Sun Life Financial from C$58.00 to C$54.00 in a report on Friday. Desjardins lowered their target price on Sun Life Financial from C$60.00 to C$58.00 in a report on Tuesday, October 16th. Finally, Cormark set a C$60.00 target price on Sun Life Financial in a report on Friday, August 10th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. Sun Life Financial currently has a consensus rating of “Buy” and a consensus price target of C$57.71.

In related news, insider Stephen Peacher sold 89,485 shares of the firm’s stock in a transaction dated Thursday, September 6th. The shares were sold at an average price of C$51.39, for a total value of C$4,598,634.15.

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Sun Life Financial Company Profile

Sun Life Financial Inc, a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients, high-net-worth individuals, and families. It operates through Sun Life Financial Canada, Sun Life Financial United States, Sun Life Financial Asset Management, Sun Life Financial Asia, and Corporate segments.

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