|Bid||50.05 x 800|
|Ask||50.06 x 2200|
|Day's Range||49.40 - 50.13|
|52 Week Range||36.80 - 50.13|
|Beta (5Y Monthly)||0.79|
|PE Ratio (TTM)||18.97|
|Earnings Date||Feb 07, 2017 - Feb 12, 2017|
|Forward Dividend & Yield||1.68 (3.42%)|
|Ex-Dividend Date||Nov 25, 2019|
|1y Target Est||45.65|
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Sun Life (SLF) have what it takes? Let's find out.
Sun Life's (SLF) Q4 results reflect strong segmental performances, higher insurance sales, improved net premiums and growth in premiums and deposits.
Canada's biggest life insurers reported increases in core quarterly profit on Wednesday as gains in earnings from wealth and asset management helped offset slower growth elsewhere. Manulife Financial Corp missed estimates as earnings from Canada fell 5.6%, while Sun Life Financial beat expectations despite only posting 2% increase in profit from its Asian business, its traditional growth driver. Manulife's chief executive, Roy Gori, told Reuters it was too early to make any changes to the insurer's business, while Sun Life Chief Financial Officer Kevin Strain said the company has taken steps to speed up processing of claims related to the outbreak.
The Zacks Analyst Blog Highlights: NMI, Bunge, Applied Materials, Tallgrass Energy and Sun Life Financial
Although corporate earnings growth was negative year over year in the first three quarters of last year, fourth-quarter results are faring better than initially anticipated.
Sun Life Financial shows rising price performance, earning an upgrade to its IBD Relative Strength Rating from 80 to 83.
Assurant's (AIZ) Q4 results are likely to reflect growth from strategic investments in the mobile industry and contribution from its Global Lifestyle, Housing and Preneed business lines.
Robert Dumas awarded financial industry Top 25 honour in the Personal Insurer category by Finance et Investissement
(Bloomberg) -- In a rare turn of events, once-loved Canadian bank stocks are no longer the favorites. Instead, investors are turning their attention to the country’s life insurers.In 2019, shares of the Canada’s largest lenders gained 14%, including dividends, lagging the S&P/TSX Composite’s 23% total return -- the first time they have trailed the benchmark since 2010. Banks have struggled to eke out strong earnings results as rising loan losses and eroding net interest margins hurt their profitability amid economic growth concerns. That pushed analysts to temper their forecasts for 2020.Life insurers, on the other hand, enjoyed a 40% surge in 2019. Manulife Financial Corp. and Sun Life Financial Inc. posted third-quarter profits last year that topped analysts’ expectations, as gains in Asia fueled earnings growth.The banks were performing very well until September 2018, “and then the bloom went off the rose,” said John Kinsey, a portfolio manager at Caldwell Securities Ltd. in Toronto. Some investors have soured on banks because of concerns about declining interest rates, mortgage quality and high levels of consumer debt, which are a risk to the economy.“The focus changed to the insurers because they hadn’t done well when the banks were performing at their peak,” he said.“Lifeco stocks outperforming bank stocks is an unusual occurrence, with back-to-back annual outperformance an even rarer outcome,” Gabriel Dechaine, an analyst at National Bank of Canada, said in a Jan. 28 report. “As long as growth concerns for the banks remain intense, this trend could continue.”When lifecos release fourth-quarter results next week, analysts are expecting them to show a strong finish to 2019. RBC Capital Markets analyst Darko Mihelic expects they will report a “solid end to a good year with double-digit core EPS growth forecast for all of the lifecos,” reflecting strong equity market performance in the quarter.Investors are betting on insurers after taking a cautious view of the Canadian economy as it suffers a bout of sluggish growth. Traders are anticipating at least one Bank of Canada interest rate cut this year, according to data compiled by Bloomberg, which could continue to hurt the bottom line for banks.Lower interest rates due to a potential economic downturn can also have a negative impact on insurers. But the largest Canadian lifecos have significant exposure to businesses outside of their home market. Manulife generated about 62% of its 2018 revenue internationally, while Sun Life made almost 45% of its sales in Asia and the U.S., according to Bloomberg data.“The relatively higher earnings generation outside of Canada that lifecos offer could become more appealing,” said National Bank’s Dechaine. He also expects them to prioritize share buybacks since several of the companies have “material amounts” of cash.Barclays analyst John Aiken raised his share price targets on Great-West, Manulife and Sun Life in a report last month and said that this expectations reflect “strong profitability and an improving operating environment” heading into reporting season.As their shares rally, valuations for Canadian life insurers are almost on par with banks. The price-to-earnings ratio for Canadian life insurers sits at 9 times compared to banks at 10 times, but Dechaine warns that the comparison is skewed by Manulife, which is the cheapest stock in the group. Once Manulife is excluded, “the sector is trading inline to historical averages and to the Big Six,” he said.To contact the reporters on this story: Divya Balji in Toronto at firstname.lastname@example.org;Doug Alexander in Toronto at email@example.comTo contact the editors responsible for this story: Kyung Bok Cho at firstname.lastname@example.org, Derek DeCloet, Steven FrankFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of MFS Investment Grade Municipal Trust and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.
Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) will release its fourth quarter 2019 financial results on Wednesday, February 12, 2020, after markets close. Sun Life will hold its earnings conference call and audio webcast at 10:00 a.m. ET the following day.