Sun Life Financial
About: 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 US 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.
Employees: 31,768
0
Funds holding %
of 7,296 funds
–
Analysts bullish %
Fund manager confidence
Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)
20% more funds holding in top 10
Funds holding in top 10: 5 [Q4 2024] → 6 (+1) [Q1 2025]
19% more repeat investments, than reductions
Existing positions increased: 150 | Existing positions reduced: 126
0.88% less ownership
Funds ownership: 45.72% [Q4 2024] → 44.84% (-0.88%) [Q1 2025]
5% less funds holding
Funds holding: 435 [Q4 2024] → 412 (-23) [Q1 2025]
6% less capital invested
Capital invested by funds: $15.7B [Q4 2024] → $14.7B (-$917M) [Q1 2025]
28% less first-time investments, than exits
New positions opened: 33 | Existing positions closed: 46
29% less call options, than puts
Call options by funds: $206M | Put options by funds: $290M
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$88
37%
upside
Avg. target
$88
37%
upside
High target
$88
37%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
RBC Capital Darko Mihelic | 37%upside $88 | Outperform Maintained | 12 May 2025 |
Financial journalist opinion
Based on 9 articles about SLF published over the past 30 days
Neutral
PRNewsWire
5 days ago
Sun Life partners with Wellthy to provide life insurance members with concierge care for end-of-life planning, loss and grief
WELLESLEY, Mass. and NEW YORK , June 9, 2025 /PRNewswire/ -- Sun Life U.S., a top ten group benefits provider, and Wellthy, a personalized care concierge platform, have partnered to make it easier for life insurance members and their families to navigate the complex challenges associated with bereavement and end-of-life care.
Neutral
GlobeNewsWire
1 week ago
Paddles Up: Toronto's Water Vipers Gear Up to Make Waves at the Prestigious “Sun Life Hong Kong International Dragon Boat Races”
TORONTO, June 06, 2025 (GLOBE NEWSWIRE) -- Toronto's championship-winning dragon boat team, the Water Vipers, is set to compete at the prestigious “Sun Life Hong Kong International Dragon Boat Races” (HKIDBR) from June 7-8, 2025. The event is jointly organized by the Hong Kong Tourism Board (HKTB) and the Hong Kong China Dragon Boat Association.
Neutral
PRNewsWire
1 week ago
Sun Life U.S. congratulates Congressmen DeSaulnier and Scott on introduction of historic legislation to enhance coverage of mental health conditions in long-term disability insurance
WELLESLEY, Mass., June 5, 2025 /PRNewswire/ -- Dan Fishbein, M.D., president, Sun Life U.S., released the following statement in support of the Workers' Disability Benefits Parity Act, introduced today by Congressmen Mark DeSaulnier (CA-10) and Robert Scott (VA-03). This legislation would enhance long-term disability insurance benefits by requiring that mental health conditions be covered similarly to most physical conditions. Sun Life first called on Congress in 2023 to make these improvements to disability coverage.
Neutral
PRNewsWire
1 week ago
Sun Life Announces Early Renewal of Normal Course Issuer Bid
TORONTO , June 4, 2025 /PRNewswire/ - Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) (the "Company" or "Sun Life") announced today that the Office of the Superintendent of Financial Institutions and the Toronto Stock Exchange (the "TSX") have approved the Company's previously announced early renewal of its normal course issuer bid. As of the date hereof, the Company has purchased on the TSX, other Canadian stock exchanges and/or alternative Canadian trading platforms 14,429,085 of the 15,000,000 common shares that it was authorized to repurchase under its NCIB that commenced on August 29, 2024 (the "2024 NCIB"), at a weighted average price paid per common share of approximately $81.49.
Neutral
PRNewsWire
1 week ago
Cancer still tops high-cost health claims but muscle and orthopedic conditions are making surprise surge: Sun Life report
13th-annual high-cost claims analysis highlights soaring healthcare expenses with cancer, cardiovascular and musculoskeletal leading the way WELLESLEY, Mass. , June 4, 2025 /PRNewswire/ -- Sun Life, the nation's leading independent stop-loss provider for self-funded employers, today released its 13th annual high-cost claim and injectable drugs trend analysis, examining more than 65,000 health claims from 3,000 employers between 2021 and 2024.
Positive
Zacks Investment Research
1 week ago
SLF Hits 52-Week High: Time to Hold Despite Expensive Valuation?
Sun Life Financial stock gains from growing asset management businesses, its focus on Asia operations, as well as scaling up and integrating U.S. operations.
Neutral
PRNewsWire
1 week ago
Sun Life U.S. appoints Dr. Todd Gray as Chief Dental Officer
Dr. Gray to lead evidence-based clinical direction for all of Sun Life U.S. Dental WELLESLEY, Mass. , June 3, 2025 /PRNewswire/ -- Sun Life U.S. today announced the appointment of Dr. Todd Gray as Chief Dental Officer (CDO) for its Dental business, which includes DentaQuest.
Neutral
PRNewsWire
2 weeks ago
Sun Life Announces Dividend Rates on Class A Non-Cumulative Rate Reset Preferred Shares Series 8R and Class A Non-Cumulative Floating Rate Preferred Shares Series 9QR
TORONTO , May 30, 2025 /PRNewswire/ - Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) today announced the applicable dividend rates for its Class A Non-Cumulative Rate Reset Preferred Shares Series 8R (the "Series 8R Shares") and Class A Non-Cumulative Floating Rate Preferred Shares Series 9QR (the "Series 9QR Shares"). With respect to any Series 8R Shares that remain outstanding after June 30, 2025, commencing as of such date, holders thereof will be entitled to receive non-cumulative preferential cash dividends on a quarterly basis, as and when declared by the Board of Directors of Sun Life and subject to the Insurance Companies Act (Canada).
Positive
Zacks Investment Research
4 weeks ago
5 Stocks to Watch on Dividend Hikes as Inflation Softens
Investors may keep a tab on stocks like MAR, HNI, SLF, ESAB and VCTR, which have lately hiked their dividend payments.
Neutral
PRNewsWire
4 weeks ago
Sun Life Announces Conversion Privilege of Class A Non-Cumulative Rate Reset Preferred Shares Series 8R and Class A Non-Cumulative Floating Rate Preferred Shares Series 9QR
TORONTO , May 15, 2025 /PRNewswire/ - Sun Life Financial Inc. (TSX: SLF) (NYSE: SLF) ("Sun Life") today announced that it does not intend to exercise its right to redeem its currently outstanding Class A Non-Cumulative Rate Reset Preferred Shares Series 8R (the "Series 8R Shares") nor its currently outstanding Class A Non-Cumulative Floating Rate Preferred Shares Series 9QR (the "Series 9QR Shares") on June 30, 2025. As a result, subject to certain conditions, the holders of Series 8R Shares have the right to convert all or a part of their Series 8R Shares on a one-for-one basis into Series 9QR Shares, and the holders of Series 9QR Shares have the right to convert all or a part of their Series 9QR Shares on a one-for-one basis into Series 8R Shares, in each case on June 30, 2025.
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