Economy

Sun Life Financial Inc. (NASDAQ:SLF) To Report Earnings

The stock decreased 1.26% or $0.5 on November 7, reaching $39.15. Argus Research downgraded Sun Life Financial Inc (NYSE:SLF) on Friday, December 23 to "Hold" rating. Hedge funds and other institutional investors own 42.62% of the company's stock. (SLF.TO) released earnings for its third quarter that rose from previous year. The company has a debt-to-equity ratio of 0.21, a current ratio of 3.91 and a quick ratio of 3.91. About 308,358 shares traded or 13.96% up from the average. Argus Research upgraded it to "Buy" rating and $37 target in Wednesday, December 23 report.

COPYRIGHT VIOLATION NOTICE: "Sun Life Financial Inc (SLF) PT Raised to C$54.00 at National Bank Financial" was originally reported by TrueBlueTribune and is the property of of TrueBlueTribune. On Thursday, February 11 the stock rating was upgraded by IBC to "Sector Outperformer". (NASDAQ:SLF), 3 rate it "Buy", 3 "Outperform", 6 "Underperform", 0 "Sell", while 0 "Hold". The Manufacturers Life Insurance Company purchased a new position in Sun Life Financial during the third quarter valued at approximately $122,394,000.

Analysts expect Sun Life Financial Inc (TSE:SLF) to report $0.96 EPS on November, 8.They anticipate $0.08 EPS change or 7.69 % from last quarter's $1.04 EPS.

Analysts had, on average, forecast earnings per share, excluding one-off items, of C$0.52, according to Thomson Reuters I/B/E/S data.

Sun Life Financial (SLF) traded up C$0.37 on Thursday, hitting C$49.84. At $130 million, Group Benefits sales were up 23 per cent and Group Retirement Services sales reached $2.3 billion, up 53 per cent from the third quarter of 2016. Sun Life Financial had a net margin of 7.90% and a return on equity of 11.50%. The firm had revenue of $8.12 billion for the quarter, compared to analyst estimates of $7.36 billion. The business's quarterly revenue was down 14.8% on a year-over-year basis. TD Asset Management Inc is the second biggest holder with 21 million shares now valued at 734.22 million whilst Vanguard Group Inc has 14 million shares valued at 488.64 million. As per Wednesday, August 24, the company rating was initiated by Bank of America. This buyback authorization allows the financial services provider to repurchase shares of its stock through open market purchases.

WARNING: "Sun Life Financial Inc". If you are accessing this piece on another website, it was illegally copied and republished in violation of global copyright & trademark laws. Stock buyback programs are often a sign that the company's management believes its stock is undervalued. The original version of this news story can be accessed at https://stocknewstimes.com/2017/11/08/brokerages-set-sun-life-financial-inc-slf-target-price-at-51-67.html.

Dundee Securities maintained Sun Life Financial Inc (TSE:SLF) on Wednesday, September 21 with "Buy" rating. 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 divisions.



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