In a report released today, Scott Chan CFA from Canaccord Genuity maintained a Hold rating on Sun Life Financial (SLF), with a price target of C$55.50. The company’s shares closed last Friday at $39.63.
According to TipRanks.com, CFA is a 3-star analyst with an average return of 0.9% and a 48.4% success rate. CFA covers the Financial sector, focusing on stocks such as Canadian Bank of Commerce, National Bank of Canada, and Toronto Dominion Bank.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Sun Life Financial with a $41.50 average price target.
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The company has a one-year high of $50.13 and a one-year low of $24.37. Currently, Sun Life Financial has an average volume of 721.8K.
Based on the recent corporate insider activity of 126 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SLF in relation to earlier this year.
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Sun Life Financial, Inc. is a holding company. The firm engages in the provision of financial services. It operates through the following segments: Sun Life Financial Canada, Sun Life Financial United States, Sun Life Financial Asset Management, Sun Life Financial Asia, and Corporate. The Sun Life Financial Canada segment offers individual insurance and wealth, and group benefits and retirement services. The Sun Life Financial United States segment consists of group benefits, international and in-force management services. The Sun Life Financial Asset Management segment focuses on the design and delivers investment products through MFS investment management, and Sun Life investment management. The Sun Life Financial Asia segment comprises of Philippines, Hong Kong, Indonesia, Vietnam, Malaysia, India, and China markets. The Corporate segment represents United Kingdom business unit and corporate support operations, which include run-off reinsurance operations as well as investment income, expenses, capital, and other items. The company was founded on March 18, 1865 and is headquartered in Toronto, Canada.