Sun Life Financial(SLF)

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Why Sun Life (SLF) is a Top Dividend Stock for Your Portfolio
ZACKS· 2025-07-25 16:45
Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.Cash flow can come from bond interest, interest from other types of investments, and, of course, dividends. A dividend is the distribution of a company's earnings paid out to shareholders; it's often viewed by its dividend yield, a metric that measure ...
Sun Life hosts second quarter 2025 earnings conference call
Prnewswire· 2025-07-24 12:30
TORONTO, July 24, 2025 /PRNewswire/ - Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) will release its second quarter financial results on Thursday, August 7, 2025 after markets close. A live webcast of the quarterly results will be available the following day – August 8, 2025 at 10:00 a.m. ETDate: Friday, August 8, 2025Time: 10:00 a.m. ETAccess the call and presentation via live webcast. Access the call via telephone.The webcast replay will be available after the event.About Sun LifeSun Life is a leading ...
Sun Life (SLF) is a Top Dividend Stock Right Now: Should You Buy?
ZACKS· 2025-07-09 16:45
Whether it's through stocks, bonds, ETFs, or other types of securities, all investors love seeing their portfolios score big returns. But when you're an income investor, your primary focus is generating consistent cash flow from each of your liquid investments.While cash flow can come from bond interest or interest from other types of investments, income investors hone in on dividends. A dividend is that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by it ...
MFC or SLF: Which Is the Better Value Stock Right Now?
ZACKS· 2025-07-08 16:41
Core Insights - The article compares Manulife Financial (MFC) and Sun Life (SLF) to determine which stock offers better value for investors [1] Valuation Metrics - MFC has a forward P/E ratio of 10.43, while SLF has a forward P/E of 11.90 [5] - MFC's PEG ratio is 1.04, compared to SLF's PEG ratio of 1.70 [5] - MFC's P/B ratio is 1.63, whereas SLF's P/B ratio is 2.34 [6] Investment Ratings - MFC currently holds a Zacks Rank of 2 (Buy), indicating a positive earnings outlook, while SLF has a Zacks Rank of 3 (Hold) [3] - Based on valuation metrics, MFC has a Value grade of A, while SLF has a Value grade of C [6]
SLF Outperforms Industry, Trades at a Premium: How to Play the Stock
ZACKS· 2025-07-07 17:11
Core Insights - Sun Life Financial Inc. (SLF) has seen a year-to-date share price increase of 10.2%, outperforming its industry and the Zacks S&P 500 Composite, which grew by 2.8% and 6.3% respectively [1] - The company has a market capitalization of approximately $36.9 billion and an average trading volume of 0.6 million shares over the last three months [1] Performance Comparison - SLF has outperformed peers such as Manulife Financial Corp (MFC) and Primerica, Inc. (PRI), which gained 3.8% and 2.2% respectively, while Reinsurance Group of America, Incorporated (RGA) saw a decline of 7.4% year to date [4] Technical Analysis - SLF shares closed at $65.40, trading above the 50-day and 200-day simple moving averages of $62.84 and $58.13, indicating solid upward momentum [5] Valuation Metrics - SLF's price-to-earnings ratio stands at 11.92X, which is higher than the industry average of 8.12X, suggesting that the shares are trading at a premium [9] Growth Projections - The Zacks Consensus Estimate for SLF's 2025 earnings per share indicates an 8.4% year-over-year increase, with revenues projected at $29.8 billion, reflecting a 28% improvement [14] - For 2026, earnings per share and revenues are expected to increase by 7.8% and 1.1% respectively from the 2025 estimates [14] Analyst Sentiment - Five out of six analysts covering SLF have raised their 2025 estimates, with all six increasing their 2026 estimates over the past 60 days, leading to a 2.5% increase in the consensus estimates for both years [15] Strategic Initiatives - Sun Life is expanding its operations in seven Asian countries to tap into high-return, underpenetrated markets, focusing on capital-efficient products to mitigate market volatility [8][17] - The company aims to enhance its voluntary benefits portfolio through new product launches, targeting a top-five position in this segment [18] Financial Management - Sun Life announced a 4.7% dividend increase in May 2025, reflecting strong earnings and cash generation, while maintaining a balanced payout ratio to enhance return on equity [19] - However, rising expenses due to higher employee costs and operational expenditures are putting pressure on overall earnings [20] Conclusion - Sun Life's strategy of expanding in growth-oriented Asian markets and shifting towards stable, capital-efficient products demonstrates a focus on steady performance and shareholder value, although investors may consider waiting for a better entry point given the premium valuation [21]
Sun Life Reports Results of Conversion Privilege of Class A Non-Cumulative Rate Reset Preferred Shares Series 8R and Class A Non-Cumulative Floating Rate Preferred Shares Series 9QR
Prnewswire· 2025-06-20 14:06
Core Viewpoint - Sun Life Financial Inc. announced the conversion of its preferred shares, with significant changes in the number of Series 8R and Series 9QR shares outstanding, effective June 30, 2025 [1] Group 1: Share Conversion Details - 1,400 of the 6,217,331 Series 8R Shares will convert to Series 9QR Shares on a one-for-one basis [1] - 2,664,916 of the 4,982,669 Series 9QR Shares will convert to Series 8R Shares on a one-for-one basis [1] - Post-conversion, there will be 8,880,847 Series 8R Shares and 2,319,153 Series 9QR Shares outstanding [1] Group 2: Redemption Options - Sun Life may redeem Series 8R Shares at $25.00 per share, plus any declared and unpaid dividends, starting June 30, 2030, and every five years thereafter, subject to regulatory approval [2] - For Series 9QR Shares, the redemption price is $25.00 for scheduled dates or $25.50 for other dates, along with any declared and unpaid dividends, also subject to regulatory approval [2] Group 3: Company Overview - Sun Life is a prominent international financial services organization, offering asset management, wealth, insurance, and health solutions [4] - The company operates in multiple global markets, including Canada, the U.S., and several countries in Asia and Europe [4] - As of March 31, 2025, Sun Life had total assets under management of $1.55 trillion [4]
Sun Life appoints Brennan Kennedy as new Chief Actuary
Prnewswire· 2025-06-19 21:13
Core Insights - Sun Life Financial Inc. has appointed Brennan Kennedy as Senior Vice-President and Chief Actuary, effective October 4, 2025, succeeding Kevin Morrissey who will retire after 37 years with the company [1][4]. Group 1: Leadership Transition - Brennan Kennedy will lead the actuarial functions with a focus on talent development, technology solutions, and innovations to support Sun Life's strategic imperatives [2]. - Kevin Morrissey has served as Senior Vice-President and Chief Actuary since 2016 and has had a significant career at Sun Life, beginning in 1988 [5][6]. Group 2: Brennan Kennedy's Background - Brennan has over 26 years of experience at Sun Life, holding senior roles in Actuarial, Risk Management, Finance, and Asset Liability Management since joining in 1998 [3]. - He holds a Bachelor of Mathematics from the University of Waterloo and is a Fellow of the Canadian Institute of Actuaries and the Society of Actuaries [3]. Group 3: Company Overview - Sun Life is a leading international financial services organization with operations in multiple markets, including Canada, the U.S., and several Asian countries [6]. - As of March 31, 2025, Sun Life had total assets under management of $1.55 trillion [6].
Paddles Up: Toronto's Water Vipers Gear Up to Make Waves at the Prestigious “Sun Life Hong Kong International Dragon Boat Races”
GlobeNewswire News Room· 2025-06-06 14:35
Core Viewpoint - The Water Vipers, a Toronto-based dragon boat team, will represent Canada at the prestigious Sun Life Hong Kong International Dragon Boat Races on June 7-8, 2025, showcasing their dedication and multicultural background [1][2][3]. Group 1: Team Background - The Water Vipers were established in 2008 and consist of members aged 20 to 40 from diverse cultural backgrounds, including Chinese, Filipino, Japanese, Italian, British, African, and Indian [2]. - The team is known for its commitment to high-quality training and performance while accommodating members' other commitments, emphasizing fitness, inclusiveness, growth, and passion [5]. Group 2: Achievements and Leadership - The Water Vipers have previously won the Grand Champion title at the GWN Dragon Boat Challenge and the Pharmasave Woodstock Dragon Boat Festival in 2024, highlighting their competitive success [4]. - The team is led by Andrew Liew, who has nearly 20 years of experience in paddling and coaching, and is also the owner of Afterburn Fitness Club [3]. Group 3: Event Details - The Sun Life Hong Kong International Dragon Boat Races will feature over 190 teams from 12 countries and regions, transforming the Tsim Sha Tsui East Promenade into a vibrant festival [1][7]. - The event is recognized by UNESCO as part of the Intangible Cultural Heritage of Humanity, attracting elite paddlers globally [6].
Sun Life U.S. congratulates Congressmen DeSaulnier and Scott on introduction of historic legislation to enhance coverage of mental health conditions in long-term disability insurance
Prnewswire· 2025-06-05 22:45
WELLESLEY, Mass., June 5, 2025 /PRNewswire/ -- Dan Fishbein, M.D., president, Sun Life U.S., released the following statement in support of the Workers' Disability Benefits Parity Act, introduced today by Congressmen Mark DeSaulnier (CA-10) and Robert Scott (VA-03). This legislation would enhance long-term disability insurance benefits by requiring that mental health conditions be covered similarly to most physical conditions. Sun Life first called on Congress in 2023 to make these improvements to disabilit ...
Sun Life Announces Early Renewal of Normal Course Issuer Bid
Prnewswire· 2025-06-04 21:01
Core Viewpoint - Sun Life Financial Inc. has received approval for the early renewal of its normal course issuer bid (NCIB), allowing the company to repurchase additional common shares to return capital to shareholders as part of its capital management strategy [1][3]. Summary by Sections NCIB Details - The company has repurchased 14,429,085 of the 15,000,000 common shares authorized under the 2024 NCIB, which commenced on August 29, 2024, at a weighted average price of approximately $81.49 per share [2]. - The renewed 2025 NCIB allows the company to purchase up to 10,570,915 common shares, which includes the remaining shares from the 2024 NCIB and an additional 10,000,000 shares [2][4]. - The 2025 NCIB will start on June 9, 2025, and continue until May 21, 2026, or an earlier date as determined by the company [2]. Trading Volume and Purchase Limits - The average daily trading volume (ADTV) of the company's common shares on the TSX for the six months ending May 31, 2025, was 2,170,836 [2]. - Under TSX rules, the company may purchase up to 542,709 common shares on any trading day, which is 25% of the ADTV [2][4]. Repurchase Plan and Flexibility - The 2025 NCIB provides the company with flexibility to acquire common shares as part of its overall capital management strategy [3]. - The company has established an automatic repurchase plan with its designated broker to facilitate purchases during internal trading blackout periods [6]. Regulatory Compliance - The total number of common shares repurchased under the 2024 NCIB will be deducted from the maximum number of shares that can be purchased under the 2025 NCIB, which has been approved for a total of 25,000,000 shares [4]. - Purchases may also be made through private agreements or share repurchase programs under exemption orders issued by securities regulatory authorities [5]. Company Overview - Sun Life is a leading international financial services organization with total assets under management of $1.55 trillion as of March 31, 2025 [10]. - The company operates in various markets worldwide, including Canada, the United States, and several countries in Asia and Europe [10].