SLF.TO - Sun Life Financial Inc.

Toronto - Toronto Delayed Price. Currency in CAD
61.06
-0.23 (-0.38%)
At close: 4:00PM EST
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Previous Close61.29
Open61.36
Bid61.06 x 0
Ask61.07 x 0
Day's Range60.65 - 61.36
52 Week Range43.13 - 61.91
Volume1,971,443
Avg. Volume1,252,129
Market Cap35.882B
Beta (3Y Monthly)0.75
PE Ratio (TTM)14.71
EPS (TTM)4.15
Earnings DateFeb. 12, 2020
Forward Dividend & Yield2.20 (3.59%)
Ex-Dividend Date2019-11-26
1y Target Est63.50
  • CNW Group

    Sun Life announces $293 million annuity buy-out deal with Rayonier Advanced Materials

    Sun Life announces $293 million annuity buy-out deal with Rayonier Advanced Materials

  • Thomson Reuters StreetEvents

    Edited Transcript of SLF.TO earnings conference call or presentation 7-Nov-19 3:00pm GMT

    Q3 2019 Sun Life Financial Inc Earnings Call

  • CNW Group

    Counting pennies: the frugal facts of retirement

    Sun Life survey finds nearly half (47%) of working Canadians believe there is a serious risk they could outlive their retirement savings. Nearly a quarter (23%) of Canadian retirees describe their lifestyle as 'frugal'. TORONTO, Nov. 19, 2019 /CNW/ - Getting ready for retirement is a real concern for Canadians – financial woes are to blame.

  • CNW Group

    Sun Life Capital Trust II announces intention to redeem Sun Life ExchangEable Capital Securities - Series 2009-1

    Sun Life Capital Trust II announces intention to redeem Sun Life ExchangEable Capital Securities - Series 2009-1

  • Saving for Retirement? Then Quit Making These 2 Massive Mistakes
    The Motley Fool

    Saving for Retirement? Then Quit Making These 2 Massive Mistakes

    You’re avoiding two huge retirement mistakes when you invest in Sun Life stock or Manulife stock to grow your nest egg for the sunset years.

  • RRSP Investors: 2 Top Canadian Stocks to Tap Global Population Growth
    The Motley Fool

    RRSP Investors: 2 Top Canadian Stocks to Tap Global Population Growth

    Buying stocks outside of Canada is possible, but the costs can be higher and there are political and currency risks to consider.

  • How Much Did Sun Life Financial Inc.'s (TSE:SLF) CEO Pocket Last Year?
    Simply Wall St.

    How Much Did Sun Life Financial Inc.'s (TSE:SLF) CEO Pocket Last Year?

    Dean Connor has been the CEO of Sun Life Financial Inc. (TSE:SLF) since 2011. This analysis aims first to contrast CEO...

  • Bloomberg

    Manulife, Sun Life Profits Beat Estimates on Asia Gains

    (Bloomberg) -- Canadian insurers Manulife Financial Corp. and Sun Life Financial Inc. posted third-quarter profits that topped analysts’ expectations, as gains in Asia fueled earnings growth.Sun Life saw underlying profit in Asia surge 25% to C$138 million ($105 million), boosted by higher sales in insurance and wealth, while Manulife’s record C$520 million of core earnings for the region was up 13% from a year earlier.“The rebound in Asia was stronger than expected” for Sun Life, Sumit Malhotra, an analyst at Bank of Nova Scotia, said in a note to clients. For Manulife “Asia once again carried the freight for earnings power,” Malhotra said.Shares of Manulife, Canada’s largest life insurer, rose 2.6% to C$26.12 at 9:47 a.m. in Toronto, its biggest intraday increase since Oct. 11. Sun Life advanced 1.5% to C$61.55.Sun Life’s underlying net income rose 11% to C$809 million in the quarter, with per-share earnings of C$1.37 topping the C$1.27-a-share average estimate of 12 analysts surveyed by Bloomberg. The Toronto-based insurer reported C$78 million of tax-related benefits in the quarter, which contributed to the beat. Sun Life raised its dividend by 5% to 55 cents a share.Among Sun Life’s other key divisions, underlying earnings in Canada rose 6.8% to C$268 million while the U.S. division saw profit slide 2.9%. Its asset management division saw little change from a year earlier, at C$251 million.Manulife’s core earnings fell 0.8% to C$1.53 billion, or 76 cents a share, beating the 73-cent average estimate of 13 analysts in a Bloomberg survey. Earnings in the U.S. rose 0.9% to C$471 million while the Canadian division had a 7.6% drop in profit to C$318 million, with reduced earnings partly due to sales of portfolios to reinsurers. Wealth and asset management earnings fell 2.4% to C$281 million.While Asia earnings were at a record, the pace of growth showed signs of slowing from the first half and last year. The company has seen a contraction in Japan, though that’s being offset by growth in Hong Kong, China and Vietnam, according to Chief Financial Officer Phil Witherington.“We remain very optimistic about Asia,” Witherington said in a phone interview. “The fact that the mix is shifting away from Japan into other markets actually reinforces the strategy that we have in Asia, which is positioning ourselves for sustainable double-digit growth.“(Updates with shares in fourth paragraph.)To contact the reporter on this story: Doug Alexander in Toronto at dalexander3@bloomberg.netTo contact the editors responsible for this story: David Scanlan at dscanlan@bloomberg.net, ;Michael J. Moore at mmoore55@bloomberg.net, Jacqueline Thorpe, Steve DicksonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Sun Life boosts dividend as Q3 profit surges 20 per cent to $681 million
    The Canadian Press

    Sun Life boosts dividend as Q3 profit surges 20 per cent to $681 million

    TORONTO — Sun Life Financial boosted its quarterly dividend five per cent after reporting that its net income surged 20 per cent to $681 million in its third-quarter.The Toronto-based insurer says it will increase the payout by 2.5 cents to 55 cents on Dec. 31 to shareholders of record on Nov. 27.Sun Life says it earned $1.15 per share for the period ended Sept. 30, up from 93 cents per share or $567 million in the prior year.Adjusted profits were $809 million or $1.37 per share, up from $730 million or $1.20 per share in the third quarter of 2018.Analysts expected adjusted net income of $751.43 million and earnings per diluted share of $1.27, according to the financial markets data firm Refinitiv.Sun Life Financial operates in 26 countries, with more than 37,000 employees worldwide as of Dec. 31, 2018.This report by The Canadian Press was first published Nov. 6, 2019.Companies in this story: (TSX:SLF) The Canadian Press

  • CNW Group

    Sun Life increases Common Share dividend and declares dividends on Preferred Shares

    TORONTO , Nov. 6, 2019 /CNW/ - The Board of Directors (the "Board") of Sun Life Financial Inc. (the "Company") (TSX: SLF) (NYSE: SLF) today announced an increase of 5% or 2.5 cents ...

  • CNW Group

    Sun Life reports Q3'19 reported net income of $681 million and underlying net income of $809 million

    SLF Inc. increases its common share dividend by 5% to $0.55 Sun Life Financial Inc. ("SLF Inc."), its subsidiaries and, where applicable, its joint ventures and associates are collectively referred ...

  • The #1 Type of Investment to Buy for Your RRSP and TFSA
    The Motley Fool

    The #1 Type of Investment to Buy for Your RRSP and TFSA

    Confused at what to buy for your RRSP and TFSA? Look no further than buying good-quality companies such as Sun Life stock.

  • CNW Group

    How Sun Life is transforming digital healthcare one click at a time

    Lumino Health surpasses 10 million provider ratings TORONTO , Oct. 30, 2019 /CNW/ - Today, Lumino Health is celebrating one year of helping Canadians find their healthcare match online. To date, Sun Life ...

  • Millennials: 2 Strategies to Help You Retire Rich
    The Motley Fool

    Millennials: 2 Strategies to Help You Retire Rich

    Young investors saving for retirement should target stocks like Sun Life Financial Inc. (TSX:SLF)(NYSE:SLF) and Fortis Inc. (TSX:FTS)(NYSE:FTS) in 2019.

  • CNW Group

    Sun Life hosts third quarter 2019 earnings conference call

    TORONTO , Oct. 24, 2019 /CNW/ - Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) will release its third quarter 2019 financial results on Wednesday, November 6, 2019 , after markets close. Sun Life will ...

  • 2 Rock-Solid Dividend Stocks for Your TFSA
    The Motley Fool

    2 Rock-Solid Dividend Stocks for Your TFSA

    Canadian investors interested in expanding their retirement portfolios to include insurance stocks may consider Sun Life Financial (TSX:SLF)(NYSE:SLF).

  • Have Insiders Been Buying Sun Life Financial Inc. (TSE:SLF) Shares?
    Simply Wall St.

    Have Insiders Been Buying Sun Life Financial Inc. (TSE:SLF) Shares?

    It is not uncommon to see companies perform well in the years after insiders buy shares. The flip side of that is that...

  • CNW Group

    Breaking Barriers: helping Canadians on disability leave get back to work

    TORONTO, Oct. 10, 2019 /CNW/ - Nearly 60% of working Canadians have experienced a mental health condition at some point in their lifei, placing it among the leading causes of disability leaveii. Treatment options, wait times, cost and stigma can be some of the barriers people face when dealing with their mental health challenges. Sun Life is expanding its suite of digital tools and healthcare innovations to help Clients get back to work and live a healthier life.

  • Baby Boomers: Teach Your Millennial Kids the Right Way to Invest
    The Motley Fool

    Baby Boomers: Teach Your Millennial Kids the Right Way to Invest

    Millennials can benefit from the sound advice of baby boomers to invest in Sun Life Financial Inc. (TSX:SLF)(NYSE:SLF) and Pinnacle Renewable Energy Inc. (TSX:PL) for wealth creation.

  • CNW Group

    Sun Life is proud title sponsor of the Toronto Raptors Training Camp in Québec City

    QUÉBEC CITY, Oct. 2, 2019 /CNW/ - Sun Life is proud to be title sponsor of the first Raptors Training Camp hosted in the province of Quebec . The Camp has brought #WeTheNorth excitement to Québec City ...

  • CNW Group

    New insurance solutions round out Sun Life's permanent product shelf, helping advisors offer peace of mind to business owners

    Added simplicity, flexibility help Canadians protect what matters most to them TORONTO , Sept. 30, 2019 /CNW/ - Today Sun Life announced that it will offer simple and flexible options for guaranteed protection, ...

  • Make $1,000,000 With Momentum: 3 Top Stocks Hitting New 52-Week Highs
    The Motley Fool

    Make $1,000,000 With Momentum: 3 Top Stocks Hitting New 52-Week Highs

    Tired of declines? This trio of momentum stocks, including Sun Life Financial Inc. (TSX:SLF)(NYSE:SLF), might have the rocket fuel you need.