Sun Life Financial Inc. (NYSE:SLF) has a beta value of 1.05 and has seen 0.32 million shares traded in the last trading session. The company, currently valued at $30.29B, closed the last trade at $51.67 per share which meant it lost -$0.05 on the day or -0.10% during that session. The SLF stock price is -6.58% off its 52-week high price of $55.07 and 25.43% above the 52-week low of $38.53. If we look at the company’s 10-day average daily trading volume, we find that it stood at 0.59 million shares traded. The 3-month trading volume is 646.38K shares.
The consensus among analysts is that Sun Life Financial Inc. (SLF) is an Overweight stock at the moment, with a recommendation rating of 1.50. 1 analysts rate the stock as a Sell, while 1 rate it as Overweight. 5 out of 18 have rated it as a Hold, with 11 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is $0.89.
Sun Life Financial Inc. (NYSE:SLF) trade information
Sporting -0.10% in the red in last session, the stock has traded in the red over the last five days, with the highest price hit on Friday, 09/03/21 when the SLF stock price touched $51.67 or saw a rise of 0.98%. Year-to-date, Sun Life Financial Inc. shares have moved 16.22%, while the 5-day performance has seen it change -0.77%. Over the past 30 days, the shares of Sun Life Financial Inc. (NYSE:SLF) have changed -0.23%. Short interest in the company has seen 1.52 million shares shorted with days to cover at 2.37.
Wall Street analysts have a consensus price target for the stock at $57.50, which means that the shares’ value could jump 10.14% from current levels. The projected low price target is $51.28 while the price target rests at a high of $61.70. In that case, then, we find that the current price level is -19.41% off the targeted high while a plunge would see the stock lose 0.75% from current levels.
Sun Life Financial Inc. (SLF) estimates and forecasts
Figures show that Sun Life Financial Inc. shares have underperformed across the wider relevant industry. The company’s shares have gained 2.20% over the past 6 months, with this year growth rate of 14.63%, compared to 14.90% for the industry. Other than that, the company has, however, increased its growth outlook for the 2021 fiscal year revenue. Growth estimates for the current quarter are 21.90% and 4.50% for the next quarter. Revenue growth from the last financial year stood is estimated to be 8.50%.
1 analysts offering their estimates for the company have set an average revenue estimate of $6.38 billion for the current quarter. 1 have an estimated revenue figure of $6.63 billion for the next quarter concluding in Jun 2018.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was 2.90% over the past 5 years. Earnings growth for 2021 is a modest -6.90% while over the next 5 years, the company’s earnings are expected to increase by 7.22%.
Sun Life Financial Inc. is expected to release its next earnings report on November 03 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 1.82 at a share yield of 3.52%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 3.64%.
Sun Life Financial Inc. (NYSE:SLF)’s Major holders
Insiders own 0.05% of the company shares, while shares held by institutions stand at 55.17% with a share float percentage of 55.20%. Investors are also buoyed by the number of investors in a company, with Sun Life Financial Inc. having a total of 654 institutions that hold shares in the company. The top two institutional holders are Royal Bank of Canada with over 47.2 million shares worth more than $2.39 billion. As of Mar 30, 2021, Royal Bank of Canada held 8.06% of shares outstanding.
The other major institutional holder is Vanguard Group, Inc. (The), with the holding of over 17.94 million shares as of Mar 30, 2021. The firm’s total holdings are worth over $906.86 million and represent 3.06% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are Vanguard International Stock Index-Total Intl Stock Indx and Vanguard Tax Managed Fund-Vanguard Developed Markets Index Fund. As of Jan 30, 2021, the former fund manager holds about 1.35% shares in the company for having 7.93 million shares of worth $366.95 million while later fund manager owns 3.78 million shares of worth $191.33 million as of Mar 30, 2021, which makes it owner of about 0.65% of company’s outstanding stock.