Sun Life Financial price target raised to C$71 from C$67 at Scotiabank » 11:4001/3001/30/23
Scotiabank analyst Meny…
Scotiabank analyst Meny Grauman raised the firm's price target on Sun Life Financial to C$71 from C$67 and keeps an Outperform rating on the shares.
|Over a week ago|
Sun Life Financial price target raised to C$71 from C$65 at CIBC » 12:3701/2501/25/23
CIBC analyst Paul Holden…
CIBC analyst Paul Holden raised the firm's price target on Sun Life Financial to C$71 from C$65 and keeps an Outperformer rating on the shares.
Sun Life Financial price target raised to C$69 from C$66 at National Bank » 12:2901/2501/25/23
National Bank analyst…
National Bank analyst Gabriel Dechaine raised the firm's price target on Sun Life Financial to C$69 from C$66 and keeps a Sector Perform rating on the shares.
Sun Life Financial initiated with an Outperform at Credit Suisse » 06:2301/1201/12/23
Credit Suisse analyst Joo…
Credit Suisse analyst Joo Ho Kim initiated coverage of Sun Life Financial with an Outperform rating. The analyst likes the company's defensive positioning given the strong capital position and lower sensitivities to changes in the markets and other assumptions-related variables, in addition to the upside potential on growth from both Asia and U.S. Group Benefits.
|Over a month ago|
Sun Life names Tom Murphy chief risk officer » 17:4411/1411/14/22
Sun Life announced the…
Sun Life announced the appointment of Tom Murphy as Executive Vice-President and Chief Risk Officer, effective December 1, 2022. Tom is currently President of Fixed Income and Head of Institutional Business for SLC Management, Sun Life's alternatives asset manager. "We're excited to have Tom join Sun Life's Executive Team as our Chief Risk Officer. Tom's global depth of knowledge and experience, particularly in asset management and the pension space, will be a tremendous asset to his new role," said Kevin Strain, President and CEO of Sun Life. "Sun Life's approach to prudent risk management has always been a pillar of our success and having Tom leading and taking a fresh look at these efforts will serve our company well."
|Over a quarter ago|
Sun Life Financial price target lowered to C$75 from C$78 at RBC Capital » 12:4711/0411/04/22
RBC Capital analyst Darko…
RBC Capital analyst Darko Mihelic lowered the firm's price target on Sun Life Financial to C$75 from C$78 and keeps a Sector Perform rating on the shares.
Sun Life Financial reports Q3 EPS $1.62, consensus $1.08 » 17:1311/0211/02/22
"Sun Life delivered…
"Sun Life delivered strong third quarter results, continuing to reflect the strength of our diversified business mix, in a challenging economic environment," said Kevin Strain, President and CEO of Sun Life. "Sun Life U.S. benefited from the first full quarter of contribution from DentaQuest. Overall insurance sales across our businesses were strong, reflecting the increased importance Clients are placing on protection and health. In our Asset Management business, we announced our intention to acquire a majority stake in Advisors Asset Management, Inc., a leading independent U.S. high-net-worth retail distribution firm, and announced a strategic partnership with Phoenix Group for both MFS and SLC Management in conjunction with the intended sale of our UK business. These transactions provide attractive opportunities for continued growth in our Asset Management pillar."
Sun Life Financial raises quarterly dividend to 72c from 69c per share » 17:1111/0211/02/22
The dividend is payable…
The dividend is payable December 30, 2022 to shareholders of record at the close of business on November 23, 2022.
Sun Life Financial price target lowered to C$65 from C$67 at National Bank » 12:2010/2810/28/22
National Bank analyst…
National Bank analyst Gabriel Dechaine lowered the firm's price target on Sun Life Financial to C$65 from C$67 and keeps a Sector Perform rating on the shares.
Sun Life Financial price target lowered to C$63 from C$67 at Barclays » 05:2510/1210/12/22
Barclays analyst John…
Barclays analyst John Aiken lowered the firm's price target on Sun Life Financial to C$63 from C$67 and keeps an Overweight rating on the shares. Despite higher yields, the continued decline in equity valuations for the Canadian insurers will likely dampen earnings growth in the quarter driven by lower asset levels within the wealth operations and seed losses, Aiken tells investors in a research note. Additionally, the analyst anticipates losses from Hurricane Ian to "weigh heavily" on the property and casualty reinsurance businesses of the life companies.