WELLESLEY, Mass., Oct. 15, 2024 /PRNewswire/ -- Sun Life U.S. and DentaQuest, part of Sun Life U.S., are supporting relief efforts in Florida after the impacts of Hurricane Milton. The $50,000 donation to the Volunteer Florida Foundation's Disaster Fund, Rebuilding Tampa Bay and Feeding Tampa Bay, follows a $145,000 donation to organizations serving the broader region affected by the devastation of Hurricane Helene. "Our thoughts are with those in Florida, many facing the impacts of two major hurricanes," s ...

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 that coveted distribution of a company's earnings paid out to shareholders, and investors often view it by its dividend yield, a ...

Shares of Sun Life Financial Inc. (SLF) closed at $57.44 on Monday, near its 52-week high of $58.51. This proximity underscores investor confidence. It has the ingredients for further price appreciation. The stock is trading above the 50-day and 200-day simple moving average (SMA) of $54.61 and $52.24, respectively, indicating solid upward momentum. SMA is a widely used technical analysis tool to predict future price trends by analyzing historical price data. Earnings of the life insurer grew 5.4% in the la ...

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both. Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor. Zacks Premium includes access to the Zacks Style Scores as well. What are the Zacks Style Scores? D ...

Shares of Sun Life Financial Inc. (SLF) closed at $56.08 on Friday, near its 52-week high of $56.16. This proximity underscores investor confidence. It has the ingredients for further price appreciation. The stock is trading above the 50-day and 200-day simple moving average (SMA) of $51.38 and $51.58, respectively, indicating solid upward momentum. SMA is a widely used technical analysis tool to predict future price trends by analyzing historical price data. Earnings of Sun Life grew 5.4% in the last five ...

A month has gone by since the last earnings report for Sun Life (SLF) . Shares have added about 9% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Sun Life due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Sun Life Q2 Earnings Beat, Revenues Miss Estimates Sun Life F ...

Core Viewpoint - Sun Life Financial Inc. has received approval for a normal course issuer bid (NCIB) to repurchase up to 15,000,000 common shares, representing approximately 2.6% of its outstanding shares, as part of its capital management strategy [1][2]. Group 1: NCIB Details - The NCIB will commence on August 29, 2024, and continue until August 28, 2025, or until the completion of the share purchases [3]. - The average daily trading volume (ADTV) on the TSX for the six months ending July 31, 2024, was 2,108,275 common shares, allowing the company to purchase up to 527,068 shares per trading day [3]. - Purchases may be made through various Canadian trading platforms at prevailing market rates, and may also include private agreements or share repurchase programs under exemption orders [4]. Group 2: Automatic Repurchase Plan - The company has established an automatic repurchase plan with its designated broker to facilitate share purchases during internal trading blackout periods [5]. - The plan is compliant with TSX rules and applicable Canadian securities laws, and has been pre-cleared by the TSX [5]. Group 3: Previous NCIB Performance - Under the prior NCIB, which began on August 29, 2023, the company sought to purchase up to 17,000,000 common shares and had purchased 10,300,710 shares at a weighted average price of $69.40 per share as of August 20, 2024 [6]. Group 4: Company Overview - Sun Life is a leading international financial services organization with total assets under management of $1.46 trillion as of June 30, 2024, providing asset management, wealth, insurance, and health solutions [10].

TORONTO, Aug. 26, 2024 /PRNewswire/ - Kevin Strain, Sun Life's President and Chief Executive Officer, will participate in a fireside chat at the Scotiabank Financials Summit. He will be joined by Meny Grauman, Managing Director, Canadian Financial Services, Scotiabank. Date: September 5, 2024 Time: 8:30 a.m. ET To access the live webcast, please visit our Sun Life Investor Relations page. About Sun Life Sun Life is a leading international financial services organization providing asset management, wealth, i ...

Core Insights - Zacks Premium offers tools for investors to enhance their stock market strategies, including daily updates, research reports, and stock screens [1][2] Zacks Style Scores - Zacks Style Scores rate stocks based on value, growth, and momentum, serving as complementary indicators to the Zacks Rank [2][3] - Stocks are rated from A to F, with A indicating the highest potential for outperforming the market [3] Value Score - The Value Score identifies attractive stocks using ratios like P/E, PEG, and Price/Sales, focusing on undervalued stocks [3][4] Growth Score - The Growth Score assesses a company's financial health and future outlook, analyzing projected earnings and sales for sustainable growth [4] Momentum Score - The Momentum Score capitalizes on price trends, using factors like weekly price changes and monthly earnings estimate changes to identify high-momentum stocks [4] VGM Score - The VGM Score combines all three Style Scores, providing a comprehensive indicator for selecting stocks with strong value, growth, and momentum [5] Zacks Rank - The Zacks Rank is a proprietary model that utilizes earnings estimate revisions to guide investors in building successful portfolios [6] - Stocks rated 1 (Strong Buy) have historically produced an average annual return of +25.41% since 1988, significantly outperforming the S&P 500 [7] Stock to Watch: Sun Life (SLF) - Sun Life, based in Toronto, Canada, is the third largest insurer in Canada, offering diverse protection and wealth management products globally [10] - SLF holds a 3 (Hold) Zacks Rank with a VGM Score of B and a Momentum Style Score of A, having increased 5% in the past four weeks [11] - Recent earnings estimates for fiscal 2024 have been revised higher, with the Zacks Consensus Estimate increasing by $0.02 to $4.88 per share [11][12]

Company Overview - Sun Life Financial (SLF) has experienced a 5.4% increase in earnings over the last five years, benefiting from its focus on Asia operations, growing asset management businesses, and the integration of U.S. operations [1] - The company has a strong earnings surprise history, surpassing estimates in three of the last four quarters with an average earnings surprise of 1.76% [1] Growth Strategy - SLF's focus on emerging economies in Asia and North American markets is expected to drive long-term growth, with a strong presence in countries like China, Philippines, India, Hong Kong, and Indonesia, contributing 21% to earnings [2] - The company aims to be among the top five players in the industry and is shifting its growth focus towards products that require lower capital and offer more predictable earnings [3] Asset Management - Sun Life Investment Management is investing in private fixed-income mortgages and real estate, indicating efforts to strengthen its asset management segment, which provides higher returns on equity and lower volatility [4] - The trailing 12-month return on equity for SLF was 17.5%, exceeding the industry average of 15.5%, with a medium-term ROE target of 18% [7] Financial Performance - Operational efficiency has contributed to a strong capital position, with a planned dividend payout of 40-50% over the medium term [5] - The return on invested capital in the trailing 12 months was 0.8%, better than the industry average of 0.7%, reflecting effective fund utilization [8] Challenges - SLF has faced increased expenses due to high employee costs, service fees, and other operational costs, which may impact margin expansion [6] - The company estimates that integration activities will drive cost savings of $60 million by 2024 [6]