|Bid||61.06 x 0|
|Ask||61.07 x 0|
|Day's Range||60.65 - 61.36|
|52 Week Range||43.13 - 61.91|
|Beta (3Y Monthly)||0.75|
|PE Ratio (TTM)||14.71|
|Earnings Date||Feb. 12, 2020|
|Forward Dividend & Yield||2.20 (3.59%)|
|1y Target Est||63.50|
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.
Sun Life Capital Trust II announces intention to redeem Sun Life ExchangEable Capital Securities - Series 2009-1
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.
Buying stocks outside of Canada is possible, but the costs can be higher and there are political and currency risks to consider.
Dean Connor has been the CEO of Sun Life Financial Inc. (TSE:SLF) since 2011. This analysis aims first to contrast CEO...
(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 firstname.lastname@example.orgTo contact the editors responsible for this story: David Scanlan at email@example.com, ;Michael J. Moore at firstname.lastname@example.org, Jacqueline Thorpe, Steve DicksonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
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
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 ...
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 ...
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 ...
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.
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 ...
Canadian investors interested in expanding their retirement portfolios to include insurance stocks may consider Sun Life Financial (TSX:SLF)(NYSE:SLF).
It is not uncommon to see companies perform well in the years after insiders buy shares. The flip side of that is that...
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.
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.
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 ...
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, ...
Tired of declines? This trio of momentum stocks, including Sun Life Financial Inc. (TSX:SLF)(NYSE:SLF), might have the rocket fuel you need.