|Bid||49.82 x 0|
|Ask||49.85 x 0|
|Day's Range||48.83 - 49.86|
|52 Week Range||35.43 - 66.44|
|Beta (5Y Monthly)||1.00|
|PE Ratio (TTM)||12.37|
|Forward Dividend & Yield||2.20 (4.49%)|
|Ex-Dividend Date||May 26, 2020|
|1y Target Est||N/A|
Let's see if Sun Life Financial Inc. (SLF) stock is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks.
Sun Life Financial (SLF) completes the majority acquisition of InfraRed to expand investment solutions of its asset management business.
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TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange:Toronto Stock Exchange (15,262.73, down 9.30 points.)Sun Life Financial Inc. (TSX:SLF). Financials. Down 30 cents, or 0.62 per cent, to $48.09 on 24.6 million shares.Suncor Energy Inc. (TSX:SU). Energy. Down 26 cents, or 1.07 per cent, to $24.02 on 15 million shares. Great-West Lifeco Inc. (TSX:GWO). Financials. Up two cents, or 0.09 per cent, to $22.47 on 13.8 million shares.Zenabis Global Inc. (TSX:ZENA). Health care. Up two cents, or 16 per cent, to 14.5 cents on 12.8 million shares.Air Canada (TSX:AC). Industrials. Down 44 cents, or 2.68 per cent, to $16 on 11.5 million shares.Bombardier Inc. (TSX:BBD.B). Transport. Down four cents, or 7.69 per cent, to 48 cents on 11.2 million shares.Companies in the news:Sienna Senior Living Inc. (TSX:SIA). Down 72 cents or 6.8 per cent to $9.84. Shares in a company at the centre of a nursing home scandal in Ontario fell to new depths on the Toronto Stock Exchange. Shares in Sienna Senior Living Inc. plunged by as much as 8.3 per cent on Thursday to $9.68, a near 10-year low that's almost 50 per cent less than their $19.64 close on Feb. 18. The company is the operator of the Altamont Care Community in Scarborough, Ont., named in a Canadian Armed Forces report this week for inadequate care and feeding of residents due to insufficient staff during the COVID-19 pandemic. The virus is blamed for 52 deaths there.BRP Inc. (TSX:DOO). Down $1.84 or 3.6 per cent to $48.87. BRP Inc. posted a $226.1-million loss in its latest quarter and forecasted a rougher ride ahead for sales as the Ski-Doo and Sea-Doo maker navigates the COVID-19 pandemic. First-quarter sales fell in all regions except the United States as the virus prompted dealerships and plants to shut down. The company expects a 40 per cent revenue decline in the second quarter, propped up only by sustained demand among Americans. Chief executive Jose Boisjoli said "staycations and social distancing" will work to the advantage of the power sports vehicle producer. But he acknowledged that the fallout of an ongoing recession could weigh more heavily on sales, with revenue expected to drop between 10 and 20 per cent in the second half of its financial year.Air Canada — Air Canada has increased the size of a financing deal announced earlier this week to roughly $1.4 billion as it works to bolster its coffers to deal with the pandemic. The company says the shares in the offering have been priced at $16.25 apiece. It plans to issue 30.8 million shares to raise about $500.5 million. The airline will also issue US$650 million in convertible senior unsecured notes due in 2025, up from an initial plan for US$400 million. The convertible notes will have an annual interest rate of four per cent and be convertible into Air Canada shares at a price of approximately US$15.35 per share.Canadian Imperial Bank of Commerce (TSX:CM). Down $1.86 or two per cent to $89.94. CIBC took a nearly $1-billion hit to its second-quarter profit as its provisions for credit losses soared due to the pandemic and the plunge in oil prices. The Toronto-based bank said Thursday that it earned $392 million for the quarter ended April 30, down from a profit of $1.35 billion in the same quarter last year. Chief executive Victor Dodig warned analysts on a call that the conditions that created those decreases are unlikely to abate soon, but said the bank has the resources to cope with such troubles. TD Bank Group (TSX:TD). Down $2.41 or 3.8 per cent to $60.29. TD Bank Group reported its provisions for credit losses soared to nearly $3.22 billion in its second quarter as it booked a profit of nearly $1.52 billion. The bank's provisions for credit losses were up from $633 million in the same quarter last year as the COVID-19 pandemic tore through the economy. TD reported Thursday its profit for the quarter ended April 30 totalled 80 cents per diluted share, down from $3.17 billion or $1.70 per diluted share a year ago. On an adjusted basis, the bank says it earned 85 cents per share in its most recent quarter, down from $1.75 in the same quarter last year.This report by The Canadian Press was first published May 28, 2020.The Canadian Press
In 2011, Dean Connor was appointed CEO of Sun Life Financial Inc. (TSE:SLF). This analysis aims first to contrast CEO...
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Sun Life's earnings result beats expectations on strong results in Asia and at MFS, sending the stock price soaring higher.The post Why the Sun Life Stock Price Soared Over 6.5% Yesterday appeared first on The Motley Fool Canada.
TORONTO — COVID-19 has delivered a rough quarter to Sun Life Financial Inc., but its top executive is confident the insurer will bounce back as demand for virtual care and increased coverage grows.The Toronto-based insurer said this week that market declines triggered by the pandemic caused its net income to plunge by 37 per cent to $391 million in its first quarter. Sun Life earned 67 cents per share for the three months ended March 31, down from $1.04 per share or $623 million a year earlier.Even as revenues were dropping, customers were looking to beef up coverage in areas like short-term disability, critical illness or virtual care — a move Sun Life president and CEO Dean Connor doesn't believe will slow down."We have seen in the past, after major crises like the Spanish flu and World War II, and we're starting to see it here: people's interest in insurance goes up," he told The Canadian Press."They're more focused on insurance and they have reason to think about it more and that drives more sales."His remarks came as the pandemic has pushed Sun Life — and every other insurer — to quickly adapt to a population with very different demands.As some companies have mulled bankruptcy, layoffs and pay cuts, extended coverage and virtual care is on the minds of more Canadians.Choices in those areas are not being made slowly anymore."Every business has found a whole new gear, including Sun Life, a gear we didn't know we had. We see our clients making decisions at lightning speed," Connor said.His business has been impacted because with Canadians asked to physically distance and stay home as much as possible, doctors offered virtual appointments and patients put off seeking care for non-emergency ailments. Dentists, chiropractors, physiotherapists and other medical professionals closed their offices.Sun Life responded by doling out payment grace periods and offering credits against dental and non-drug-related extended health care premiums in hopes of reducing invoices for Canadian businesses, who are already struggling with low cash flow.It offered 50 per cent credit per month against paid dental premiums and a 20 per cent credit for non-drug-related, extended health care premiums.Sun Life also delved into mixing technology and coverage with its Lumino Health Virtual Care offering, a partnership with Montreal-based Dialogue Technologies and a referral network the company runs with Akira, EQ Care and Maple."A lot of these tools we had already built out before the crisis, but the crisis has forced everyone to accelerate the adoption of these tools, so I think that's another benefit or silver lining to this cloud," Connor said.COVID-19 had a mixed impact on the company. Individual insurance and wealth sales in April totalled about 80 per cent and 90 per cent of the prior year, and were aided by re-pricing strategies and virtual health-care programs that Sun Life said have been popular.Sun Life's underlying earnings grew by seven per cent in the quarter to $770 million or $1.31 per share. That compared with $717 million or $1.20 per share in the first quarter of 2019.Sun Life's shares gained $3.02 or 6.7 per cent at $47.81 in late afternoon trading on the Toronto Stock Exchange.But there were "significant" declines too. Second quarter sales are uncertain because of strict quarantine protocols impacting face-to-face sales and the inability to predict when offices will be allowed to reopen and the economy to rebound."Realistically, this will be a challenging year for financial institutions and there will likely be reductions to sales, premiums and assets under management levels, credit impacts," Connor said. on the earnings call.For now, the company is focused aiding the 95 per cent of employees still working from home — a transition that was speedy because it was aided by 1,200 laptop computers Connor has said the company had stowed away "for a rainy day."Meanwhile, in Asia, it is helping workers in China and Vietnam return to offices on a gradual basis.Those uncomfortable about heading back to traditional offices will be allowed to continue to work from home.Those who return will be rotating what days of the week they can visit the office, so workers can physically distance, Connor said. There will also be increased sanitization of shared surfaces, escalators and door handles that will give workers the confidence to feel safe in the office.Connor will have an eye on the return to offices in Asia because of the lessons it can provide for Canada and beyond."We are watching closely, we're benefiting, we're learning," he said.This report by The Canadian Press was first published May 6, 2020.Companies in this story: (TSX:SLF)Tara Deschamps, The Canadian Press
Sun Life (SLF) Q1 results reflect higher investing activity in Canada and the United States, business growth, higher new business gains and improved credit experience.
TORONTO — Sun Life Financial Inc. beat analyst expectations even as its net income plunged by 37 per cent to $391 million in the first quarter. The Toronto-based insurer says it earned 67 cents per share for the three months ended March 31, down from $1.04 per share or $623 million a year earlier.Sun Life says its underlying earnings grew by seven per cent to $770 million or $1.31 per share.That compared with $717 million or $1.20 per share in the first quarter of 2019.The insurance company was expected to earn $1.12 per share in adjusted profits, according to the financial markets data firm Refinitiv.Sun Life revealed the earnings after markets closed after its stock fell by 4.25 per cent to $44.79. This report by The Canadian Press was first published May 5, 2020.Companies in this story: (TSX:SLF)The Canadian Press
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