Sun Life Financial Inc. Expected to Post Q1 2022 Earnings of $1.11 Per Share (NYSE:SLF)

Sun Life Financial Inc. (NYSE:SLFGet Rating) (TSE:SLF) – Investment analysts at National Bank Financial issued their Q1 2022 earnings per share estimates for Sun Life Financial in a research note issued on Tuesday, April 19th. National Bank Financial analyst G. Dechaine anticipates that the financial services provider will post earnings per share of $1.11 for the quarter. National Bank Financial also issued estimates for Sun Life Financial’s Q2 2022 earnings at $1.11 EPS, Q3 2022 earnings at $1.32 EPS, Q4 2022 earnings at $1.34 EPS, FY2022 earnings at $4.88 EPS and FY2023 earnings at $5.55 EPS.

Sun Life Financial (NYSE:SLFGet Rating) (TSE:SLF) last announced its quarterly earnings results on Wednesday, February 9th. The financial services provider reported $1.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.22 by ($0.01). Sun Life Financial had a net margin of 11.26% and a return on equity of 13.96%. The firm had revenue of $10.31 billion for the quarter. During the same period last year, the company posted $1.13 EPS.

Several other brokerages have also issued reports on SLF. BMO Capital Markets cut their price target on Sun Life Financial from C$81.00 to C$80.00 in a research note on Friday, February 11th. StockNews.com initiated coverage on Sun Life Financial in a report on Thursday, March 31st. They set a “hold” rating for the company. Scotiabank decreased their price objective on Sun Life Financial from C$78.00 to C$76.00 in a report on Friday, February 11th. Finally, Zacks Investment Research reiterated a “hold” rating on shares of Sun Life Financial in a research note on Thursday, March 17th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, Sun Life Financial currently has a consensus rating of “Hold” and a consensus price target of $73.45.

SLF opened at $52.36 on Friday. The stock’s 50 day simple moving average is $54.17 and its 200-day simple moving average is $55.19. Sun Life Financial has a 1 year low of $48.85 and a 1 year high of $58.49. The stock has a market cap of $30.69 billion, a PE ratio of 9.82, a P/E/G ratio of 1.22 and a beta of 1.05.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Wednesday, March 2nd were paid a $0.5191 dividend. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.44. The ex-dividend date was Tuesday, March 1st. This represents a $2.08 annualized dividend and a dividend yield of 3.97%. Sun Life Financial’s dividend payout ratio is presently 39.02%.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Brinker Capital Investments LLC lifted its holdings in Sun Life Financial by 1.4% during the fourth quarter. Brinker Capital Investments LLC now owns 12,828 shares of the financial services provider’s stock valued at $714,000 after purchasing an additional 173 shares during the last quarter. Lindbrook Capital LLC increased its position in shares of Sun Life Financial by 5.0% in the third quarter. Lindbrook Capital LLC now owns 4,024 shares of the financial services provider’s stock worth $207,000 after purchasing an additional 192 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its position in shares of Sun Life Financial by 1.5% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 13,740 shares of the financial services provider’s stock worth $707,000 after purchasing an additional 202 shares during the last quarter. JCIC Asset Management Inc. increased its position in shares of Sun Life Financial by 0.8% in the first quarter. JCIC Asset Management Inc. now owns 26,721 shares of the financial services provider’s stock worth $1,492,000 after purchasing an additional 205 shares during the last quarter. Finally, Quadrant Capital Group LLC increased its position in shares of Sun Life Financial by 8.9% in the fourth quarter. Quadrant Capital Group LLC now owns 2,735 shares of the financial services provider’s stock worth $152,000 after purchasing an additional 224 shares during the last quarter. Institutional investors own 47.16% of the company’s stock.

Sun Life Financial Company Profile (Get Rating)

Sun Life Financial Inc, a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients worldwide. It offers term and permanent life, as well as personal health, dental, critical illness, long-term care, and disability insurance products. The company also provides reinsurance products; investment counselling and portfolio management services; mutual funds and segregated funds; trust and banking services; real estate property brokerage and appraisal services; and merchant banking services.

See Also

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

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