Short interest for Sun Life Financial gives investors a sense of the degree to which investors are betting on the decline of Sun Life Financial's stock. Short interest data is updated every two weeks.

Sun Life Financial Stock (NYSE:SLF), Short Interest Report

Sun Life Financial

Sun Life provides life insurance, retirement, and asset management products to individuals and corporate customers in Canada, the United States, and Asia. The company's investment management business contributes approximately 30% of its adjusted earnings and has around CAD 1 trillion in assets under management as of the fourth quarter of 2023. The Canada business contributes about 35% of adjusted earnings and provides individual life and health insurance, group insurance, retirement services, and wealth management solutions. The U.S. business contributed approximately 22% of earnings and is mainly focused on providing group insurance products and managing the in-force life insurance policies. Finally, the Asia segment contributes around 13% of earnings.

News

Markets

Trading Ideas

Reinsurance Group of America, Incorporated&#39;s (NYSE: RGA) shares have rallied 43.3% in a year compared with the industry&#39;s growth of 30.7%. The Finance sector and the Zacks S&amp;P 500 index have gained 26.1% and 27.7% in the said time frame, respectively.

Reinsurance Group (RGA) Up 43.3% in a Year: More Room to Run?

Analyst Color

Equities

Large Cap

Upgrades

Analyst Ratings


	RBC Capital Markets analyst Darko Mihelic upgraded Sun Life Financial Inc (NYSE: SLF) to Outperform from Sector perform at an increased price target of C$79 from C$76. 


Analyst Forecasts Bright Future For Sun Life Financial: Upgrades To Outperform, Expecting Strong EPS Growth

Price Target

TSX:SLF

BMO Capital analyst Tom MacKinnon lowered the price target for Sun Life Financial Inc (TSX: SLF) (NYSE: SLF) to C$72 from C$75, with an Outperform rating on the shares.

BMO Capital Cuts Sun Life Financial&#39;s Price Target By 4%

Sun Life Financial Inc

FUTURE MOBILITY SOL ORD by Future Mobility Solutions Ltd.

Future Mobility Solutions Ltd

SUN LIFE FNCL PFD A SER 4 by Sun Life Financial Inc.

abrdn PLC

Reinsurance Group of America, Incorporated&#39;s (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/rga#NYSE">RGA</a>) shares have rallied 43.3% in a year compared with the industry&#39;s growth of 30.7%. The Finance sector and the Zacks S&amp;P 500 index have gained 26.1% and 27.7% in the said time frame, respectively. With a market capitalization of $12.68 billion, the average volume of shares traded in the last three months was 0.3 million.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/75/63968.jpg?v=1019823867" /> 
Image Source: Zacks Investment Research
The rally was largely driven by new business volumes, favorable longevity experience, stronger invested asset base, business expansion in the pension risk transfer market and effective capital deployment. 
This Zacks Rank #3 (Hold) life insurer delivered a four-quarter average earnings surprise of 24.39%. 
Reinsurance Group has a VGM Score of B. The VGM Score helps identify stocks with the most attractive value, best growth and the most promising momentum.
<h3>Will the Bull Run Continue?</h3>
The Zacks Consensus Estimate for Reinsurance Group&#39;s 2025 earnings per share indicates a year-over-year increase of 8.8% from the consensus estimate of 2024. The consensus estimate for revenues is pegged at $20.04 billion, implying a year-over-year improvement of 5.5% from the consensus mark of 2024. 
The Zacks Consensus Estimate for 2024 and 2025 earnings has moved 0.4% and 0.2% north, respectively, in the past 30 days, reflecting analysts&#39; optimism on the stock. 
Its compelling product portfolio and operational expertise help Reinsurance Group maintain its leadership position in the United States, Latin America and Canada. 
Significant value embedded in the in-force business helps generate predictable long-term earnings. Product line expansion not only contributes to risk diversification and matured individual mortality but also provides a base for stable earnings and capital generation. 
Reinsurance Group&#39;s longevity insurance provides a source of diversified income and acts as a hedge to a large mortality position. Increasing demand for longevity insurance poises it well for long-term growth. 
Life insurers are direct beneficiaries of an improving interest rate environment. Though the Fed has stalled rate increases for some time, it has already made 11 hikes since 2022. 
A high-quality investment portfolio and the company&#39;s diversified business across asset classes, sectors, issuers and geography are positives. 
RGA&#39;s solid capital position with excess capital of around $1 billion offers sufficient financial flexibility and supports effective capital deployment. 
Reinsurance Group expects to remain active in deploying capital into attractive growth opportunities in organic flow and in-force block transactions and returning excess capital to shareholders through dividends and share repurchases. On Jan 23, 2024, the company&#39;s board authorized a share repurchase program for up to $500 million of RGA&#39;s outstanding common stock. 
ROE is a profitability metric that measures how effectively the company is utilizing its shareholders&#39; funds. In the fourth quarter of 2023, adjusted operating return on equity (excluding accumulated other comprehensive income) was 14.5%, which expanded 400 basis points year over year. This shows the company&#39;s relative efficiency in managing shareholders&#39; funds.
<h3>Stocks to Consider</h3>
Some better-ranked stocks from the life insurance industry are Manulife Financial Corp. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mfc#NYSE">MFC</a>), Primerica, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/pri#NYSE">PRI</a>) and Sun Life Financial Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/slf#NYSE">SLF</a>), each carrying a Zacks Rank #2 (Buy) at present. 
Manulife Financial delivered a four-quarter average earnings surprise of 7.01%. In the past year, MFC has gained 34.4%. 
The Zacks Consensus Estimate for MFC&#39;s 2024 and 2025 earnings implies year-over-year growth of 5.4% and 9.7%, respectively, from the consensus estimate of the corresponding years. 
Primerica beat earnings estimates in three of the last four quarters and missed in one, the average being 3.10%. In the past year, PRI has rallied 47.6%. 
The Zacks Consensus Estimate for PRI&#39;s 2024 and 2025 earnings implies year-over-year growth of 10.4% and 10%, respectively, from the consensus estimate of the corresponding years. 
Sun Life beat earnings estimates in three of the last four quarters and matched in one, the average being 3.32%. In the past year, SLF has gained 15.3%. 
The Zacks Consensus Estimate for SLF&#39;s 2024 and 2025 earnings implies year-over-year growth of 8% and 7.3%, respectively, from the consensus estimate of the corresponding years.
<a href="https://www.zacks.com/stock/news/2248161/reinsurance-group-rga-up-43-3-in-a-year-more-room-to-run?cid=CS-BENZ-FT-analyst_blog|price_surge_/_plunge-2248161">To read this article on Zacks.com click here.</a>

Sun Life Financial Inc. (TSX:<a class="ticker" href="https://www.benzinga.com/stock/SLF#TSX">SLF</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLF#NYSE">SLF</a>) is pleased to announce the appointment of Timothy (Tim) Deacon as Executive Vice-President and Chief Financial Officer, reporting to Kevin Strain, President and CEO, Sun Life, effective April 8, 2024. Mr. Deacon will become a member of Sun Life's global Executive Team.
He succeeds Manjit Singh, who is now President of Sun Life Asia. Mr. Singh will continue in his role as President of Sun Life Asia and as CFO until Mr. Deacon assumes his new role.&nbsp;
Mr. Deacon brings over 20 years of global experience in Insurance, Wealth and Asset Management, Investments and Capital Markets. He has a proven track record of success in strategic financial leadership as well as delivering growth, change and transformation for large global financial institutions.
Mr. Deacon joins Sun Life most recently from a large pension plan with an extensive global footprint where he was the Chief Financial Officer and led a global finance function including financial management and reporting, taxation, financial operations, enterprise planning, asset valuation, procurement and sustainability reporting.
As CFO, Mr. Deacon will have responsibility for Sun Life's Finance organization including Finance, Tax, Capital Management, Investor Relations and strategic financial initiatives.&nbsp;
"We're excited to welcome Tim to Sun Life. He brings with him an exceptional depth of experience and expertise in both asset management and insurance," said Mr. Strain. "With financial discipline as one of Sun Life's strategic priorities, I'm confident Tim will continue advancing this focus, while accelerating our growth aspirations and innovation in our Finance function. His deep industry knowledge combined with his proven leadership will make him a strong addition to our Executive Team."
As an active community leader, Mr. Deacon is a member of the Canadian Performance Reporting Board at CPA Canada, co-Chair of the Accounting for Sustainability CFO Network (Canadian Chapter) and Board Member and Treasurer of Business / Arts and St. Clement's School in Toronto. Mr. Deacon is a resident of Toronto. He holds a Bachelor of Commerce from Queen's University and is a Fellow of the Chartered Professional Accountants of Ontario (FCPA) and a Certified Public Accountant in the State of Illinois.

Management

Sun Life Names Timothy Deacon As Chief Financial Officer, Effective April 8, 2024

Jefferies analyst John Aiken initiates coverage on Sun Life Financial (TSX:<a class="ticker" href="https://www.benzinga.com/stock/SLF#TSX">SLF</a>) with a Buy rating and announces Price Target of C$82.

Initiation

Jefferies Initiates Coverage On Sun Life Financial with Buy Rating, Announces Price Target of C$82

RBC Capital analyst Darko Mihelic maintains Sun Life Financial (TSX:<a class="ticker" href="https://www.benzinga.com/stock/SLF#TSX">SLF</a>) with a Outperform and raises the price target from C$76 to C$77.

RBC Capital Maintains Outperform on Sun Life Financial, Raises Price Target to C$77

Earnings

ACLS

ADNT

ALCO

APPS

ARCC

ASGN

ASND

AVXL

AZTA

BABA

BARK

BERY

BLBD

CDAY

CENT

CENTA

CFLT

CMRE

COTY

CRTO

CSGS

EEFT

ENTA

EQNR

FLNC

FLNG

FORM

FOXA

GEOS

GPRE

GPRO

HAIN

INTR

MCFT

MKSI

MPWR

MSGE

MTRX

NBIX

NOTV

NTGR

NVST

NWSA

OESX

ORLY

OSCR

PAHC

Earnings Scheduled For February 7, 2024

Sun Life Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLF#NYSE">SLF</a>) is set to give its latest quarterly earnings report on Wednesday, 2024-02-07. Here's what investors need to know before the announcement.
Analysts estimate that Sun Life Financial will report an earnings per share (EPS) of $1.17. 
Sun Life Financial bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
<h3>Historical Earnings Performance</h3>
Last quarter the company beat EPS by $0.03, which was followed by a 4.64% increase in the share price the next day.
Here's a look at Sun Life Financial's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>1.16</td>
<td>1.140</td>
<td>1.130</td>
<td>1.14</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.19</td>
<td>1.169</td>
<td>1.124</td>
<td>1.26</td>
</tr>
<tr>
<td>Price Change %</td>
<td>4.64%</td>
<td>-0.41%</td>
<td>0.36%</td>
<td>1.08%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1707238850_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Sun Life Financial were trading at $51.06 as of February 05. Over the last 52-week period, shares are up 3.51%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/SLF/earnings">To track all earnings releases for Sun Life Financial visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

A Preview Of Sun Life Financial's Earnings

Monday marks the last chance for investors to receive the next dividend payout from Sun Life Financial (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLF#NYSE">SLF</a>). 
<h3>What's Happening</h3>
The company announced on Monday that it would pay shareholders a quarterly dividend of 78 cents per share. On Tuesday, Sun Life Financial will go ex-dividend, meaning the stock will trade lower to reflect that payout. In other words, the stock will likely open 78 cents lower than it would have opened on any other day.
In order to be eligible to receive a company's dividend, shareholders must own the stock prior to the ex-dividend date—in this case, Tuesday. Shareholders who own SLF as of the end of Monday's session are eligible to receive the 78 cents dividend payout for every share that they own. 
According to the company, this dividend will be paid out to shareholders on December 29, 2023. Investors will then be able to either reinvest those dividends back into the stock or use the payment in some other way. 
To keep track of which companies are distributing dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar.

Dividends

Sun Life Financial's Ex-Dividend Date Is Tuesday, Here's What You Need To Know

WIIM

ABCB

AGBA

AMAL

AMTB

BANF

BANR

BBVA

BHLB

BMRC

BPOP

BRKL

BSAC

BSBR

BYFC

CACC

CATC

CATY

CBSH

CFFN

CINF

CLBK

CMTG

CNOB

CVBF

DCOM

EGBN

EWBC

FBNC

FFIC

FFIN

FFWM

FIBK

FMAO

FRGE

FRME

GBCI

GRNQ

HAFC

HBNC

HMST

HOMB

HOPE

HTLF

IBOC

IBTX

INBK

INDB

ITCL

ITUB

Janus Henderson Group plc Ordinary Shares

KRNY

LBAI

LKFN

LMND

METROCITY BANKSHARES INC by MetroCity Bankshares Inc.

MCBS

MHLD

MOFG

MSCI

NFBK

NOAH

OCFC

Shares of broader financial stocks are trading higher amid overall market strength after October CPI data showed softer-than-expected inflation.

Sun Life Financial Q3 Underlying EPS C$1.59, Down From C$1.62 YoY

AACG

ABOS

ACIC

ACOR

ACTG

AFYA

AGRO

AKTS

AMPS

ASTR

ASUR

ATEX

ATXS

BAER

BIOR

BIOX

BWEN

CARA

CELC

CLSD

CPLP

CYCC

DCTH

DFLI

DMAC

DRRX

DXYN

EARN

EDBL

ELUT

EYEN

FFIE

FTRE

GENI

GEVO

GLAD

GRCL

GRND

HOFV

HROW

HSAI

HSIC

ICAD

ICCC

ICMB

IMCC

JRSH

KMDA

Earnings Scheduled For November 13, 2023