Sun Life Financial Inc. (SLF)

NYSE: SLF · IEX Real-Time Price · USD
54.24
+0.05 (0.09%)
Feb 27, 2024, 9:32 AM EST - Market open
0.09%
Market Cap 32.03B
Revenue (ttm) 23.18B
Net Income (ttm) 2.32B
Shares Out 584.63M
EPS (ttm) 3.90
PE Ratio 14.06
Forward PE 8.01
Dividend $2.31 (4.26%)
Ex-Dividend Date Feb 27, 2024
Volume 24,338
Open 54.34
Previous Close 54.19
Day's Range 54.21 - 54.24
52-Week Range 43.53 - 55.35
Beta 0.97
Analysts Buy
Price Target 77.00 (+41.96%)
Earnings Date Feb 7, 2024

About SLF

Sun Life Financial Inc., a financial services company, provides savings, retirement, and pension products worldwide. The company operates in five segments: Asset Management, Canada, U.S., Asia, and Corporate. It offers various insurance products, such as term and permanent life; personal health, which includes prescription drugs, dental, and vision care; critical illness; long-term care; and disability, as well as reinsurance. The company also provides advice for financial planning and retirement planning services; investments products, such as... [Read more]

Sector Financials
Founded 1871
Employees 29,169
Stock Exchange NYSE
Ticker Symbol SLF
Full Company Profile

Financial Performance

In 2023, SLF's revenue was 30.83 billion, an increase of 11.00% compared to the previous year's 27.77 billion. Earnings were 3.09 billion, an increase of 7.49%.

Financial numbers in CAD Financial Statements

Analyst Forecast

According to one analyst, the rating for SLF stock is "Buy" and the 12-month stock price forecast is $77.0.

Price Target
$77.0
(41.96% upside)
Analyst Consensus: Buy
Stock Forecasts

News

AM Best Upgrades Credit Ratings of Independence Life and Annuity; Affirms Credit Ratings of Sun Life Financial and Most of Its Subsidiaries

OLDWICK, N.J.--(BUSINESS WIRE)-- #insurance--AM Best has upgraded the Financial Strength Rating (FSR) to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) to “a”...

4 days ago - Business Wire

Sun Life U.S. named by Forbes as one of America's Best Large Employers

WELLESLEY, Mass. , Feb. 20, 2024 /PRNewswire/ -- Sun Life U.S. has been named one of America's Best Large Employers 2024 by Forbes, building on previous Forbes recognitions including Best Employers fo...

6 days ago - PRNewsWire

Sun Life: Tax credit legislation gives boost to paid leave and businesses should embrace that

WELLESLEY, Mass. , Feb. 15, 2024 /PRNewswire/ -- The Paid Family and Medical Leave Tax Credit Extension and Enhancement Act introduced by Senators Deb Fischer of Nebraska and Angus King of Maine will ...

11 days ago - PRNewsWire

Sun Life U.S. now offers Family Leave Insurance to help more workers access paid leave benefits to care for loved ones

WELLESLEY, Mass. , Feb. 14, 2024 /PRNewswire/ -- Sun Life U.S. is offering Family Leave Insurance (FLI) in Alabama, Arkansas, Tennessee, and Texas, with more states on the way.

12 days ago - PRNewsWire

Sun Life declares dividends on Common and Preferred Shares payable in Q1 2024

TORONTO , Feb. 7, 2024 /PRNewswire/ - The Board of Directors (the "Board") of Sun Life Financial Inc. (the "Company") (TSX: SLF) (NYSE: SLF) today announced that a dividend of $0.78 per share on the c...

19 days ago - PRNewsWire

Sun Life Reports Fourth Quarter and Full Year 2023 Results

The information in this document is based on the unaudited interim financial results of Sun Life Financial Inc. ("SLF Inc.") for the period ended December 31, 2023. SLF Inc., its subsidiaries and, whe...

19 days ago - PRNewsWire

Sun Life partners with Somatus to provide comprehensive services for late-stage kidney disease and cardiovascular care

WELLESLEY, Mass. , Feb. 6, 2024 /PRNewswire/ -- Sun Life U.S. has named Somatus as a preferred partner to further support the company's strategy to increase access to care while managing rising costs.

21 days ago - PRNewsWire

Sun Life diabetes "Team Up" grant program relaunches as "Health Access" program, recognizing community organizations that broaden access to health services

WELLESLEY, Mass. , Feb. 2, 2024 /PRNewswire/ -- Sun Life U.S. is re-launching its grant program in 2024 as the Sun Life Health Access grant program, aligning with the company's commitment to broadenin...

24 days ago - PRNewsWire

Sun Life U.S. expands Health Navigator offering to group benefits clients to help more workers access healthcare

WELLESLEY, Mass. , Jan. 31, 2024 /PRNewswire/ -- Sun Life U.S. is now offering its healthcare navigation and advisory service to the large employer group benefits market, broadening employees' access ...

26 days ago - PRNewsWire

Sun Life and Virtual Me Partner to Expand Telehealth Services to Include Health Navigation

SAN DIEGO & WELLESLEY, Mass.--(BUSINESS WIRE)--Sun Life and Virtual Me Partner to Expand Telehealth Services to include Health Navigation.

27 days ago - Business Wire

Sun Life hosts fourth quarter 2023 earnings conference call

TORONTO , Jan. 24, 2024 /PRNewswire/ - Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) will release its fourth quarter 2023 financial results on Wednesday, February 7, 2024 after markets close. Sun Lif...

4 weeks ago - PRNewsWire

Sun Life receives workplace recognition awards from TIME and Forbes

WELLESLEY, Mass. , Jan. 17, 2024 /PRNewswire/ -- Sun Life U.S. has been named one of TIME Magazine's Best Employers for Future Leaders, and globally one of Forbes' World's Top Companies for Women in 2...

5 weeks ago - PRNewsWire

Sun Life U.S. calls for mental health parity in disability insurance

Statement from Sun Life U.S. President, Dan Fishbein, M.D., on the ERISA Advisory Council's recommendation to Congress WELLESLEY, Mass.

2 months ago - PRNewsWire

Sun Life named a Top Place to Work by the Baltimore Sun

WELLESLEY, Mass. , Dec. 11, 2023 /PRNewswire/ -- Sun Life U.S. has received its first Top Place to Work recognition from the Baltimore Sun, building on multiple years of Top Place to Work recognitions...

2 months ago - PRNewsWire

Sun Life announces Manjit Singh as new President of Sun Life Asia

TORONTO , Dec. 11, 2023 /PRNewswire/ - Kevin Strain, President and Chief Executive Officer of Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) today announced Manjit Singh will become the new President ...

2 months ago - PRNewsWire

Sun Life receives Equality 100 Award from Human Rights Campaign for 100% score on Corporate Equality Index for 15th consecutive year

WELLESLEY, Mass. , Dec. 6, 2023 /PRNewswire/ -- Sun Life U.S. has received the Equality 100 Award from Human Rights Campaign, given to companies achieving a 100% score on the Corporate Equality Index ...

2 months ago - PRNewsWire

Sun Life increases Common Share dividend and declares dividends on Preferred Shares payable in Q4 2023

TORONTO , Nov. 13, 2023 /PRNewswire/ - The Board of Directors (the "Board") of Sun Life Financial Inc. (the "Company") (TSX: SLF) (NYSE: SLF) today announced that a dividend of $0.78 per share on the ...

3 months ago - PRNewsWire

Sun Life Reports Third Quarter 2023 Results

Sun Life Financial Inc. ("SLF Inc."), its subsidiaries and, where applicable, its joint ventures and associates are collectively referred to as "the Company", "Sun Life", "we", "our", and "us". We man...

3 months ago - PRNewsWire

Sun Life hosts third quarter 2023 earnings conference call

TORONTO , Oct. 30, 2023 /PRNewswire/ - Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) will release its third quarter 2023 financial results on Monday, November 13, after markets close. Sun Life will h...

4 months ago - PRNewsWire

Sun Life U.S. awards $350,000 to six local organizations around the nation through Team Up Against Diabetes grant program

WELLESLEY, Mass. , Oct. 23, 2023 /PRNewswire/ -- Sun Life U.S. announced today the 2023 winners of the company's annual Team Up Against Diabetes grant program, which supports local organizations aroun...

4 months ago - PRNewsWire

Scotiabank, Sun Life partner to help wealthy Canadians invest in private credit

Bank of Nova Scotia and Sun Life Financial's asset-management division are partnering to tap into the demand from wealthy Canadians looking to invest in private credit, the firms said on Tuesday.

4 months ago - Reuters

Sun Life completes the acquisition of Dialogue, Canada's premier health and wellness virtual care platform

TORONTO , Oct. 3, 2023 /PRNewswire/ - Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) announced today the completion of its acquisition of Dialogue Health Technologies Inc. ("Dialogue") (TSX:CARE). Hea...

5 months ago - PRNewsWire

Sun Life U.S. Applauds NIH Move to Designate People with Disabilities as a "Health Disparity Population"

Statement from Sun Life U.S. President Dan Fishbein on the new National Institutes of Health (NIH) equity designation, enabling greater research and analysis for the underserved group  BOSTON , Sept. ...

5 months ago - PRNewsWire

Sun Life U.S. to sponsor and exhibit at 2023 Workday Rising

WELLESLEY, Mass. , Sept. 25, 2023 /PRNewswire/ -- Sun Life U.S. will sponsor and exhibit at Workday Rising, a four-day event in San Francisco starting tomorrow, which will feature Workday's newest inn...

5 months ago - PRNewsWire

Sun Life U.S. and Royals Charities team up for #StrikeoutDiabetes with $50,000 donation to Boys & Girls Clubs of Greater Kansas City

KANSAS CITY, Mo. , Sept. 20, 2023 /PRNewswire/ -- Sun Life U.S. and Royals Charities teamed up again this year for #StrikeoutDiabetes, a fundraising campaign to support local community organizations h...

5 months ago - PRNewsWire