Sun Life Financial Inc., a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients worldwide. It offers term and permanent life, as well as health, dental, critical illness, long-term care, and disability insurance products. The company also provides reinsurance products; investment counselling and portfolio management services; mutual funds and segregated funds; trust and banking services; real estate property brokerage and appraisal services; and merchant banking services. It distributes its products through direct sales, and managing and independent general agents, as well as financial intermediaries, broker-dealers, banks, pension and benefits consultants, and other third-party marketing organizations. The company was founded in 1871 and is headquartered in Toronto, Canada.
IPO Year:
Exchange: NYSE
Website: sunlife.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 9/5/2024 | Equal Weight | Barclays | |
| 2/22/2024 | Buy | Jefferies | |
| 5/15/2023 | Sector Perform → Outperform | RBC Capital Mkts | |
| 2/10/2023 | Sector Outperform → Neutral | CIBC | |
| 1/12/2023 | Outperform | Credit Suisse | |
| 2/10/2022 | Outperform → Sector Perform | National Bank Financial | |
| 2/10/2022 | $79.00 → $77.00 | Outperform → Sector Perform | National Bank Of Canada |
| 11/5/2021 | $71.00 → $74.00 | Sector Perform | RBC Capital |
| 10/5/2021 | Neutral → Sector Outperform | CIBC | |
| 10/5/2021 | $72.00 → $74.00 | Outperform | Credit Suisse |
WELLESLEY, Mass., Oct. 3, 2024 /PRNewswire/ -- Sun Life U.S. and DentaQuest, part of Sun Life U.S., are supporting relief efforts in the states most severely impacted by Hurricane Helene. The support will go to multiple organizations, including local groups on the ground. Donations recipients are: American Red Cross Disaster Relief FundConvoy of HopeVolunteer Florida Foundation (Florida Disaster Fund)Second Harvest of the Big BendFeeding Tampa BayWater MissionHarvest Hope Food BankOperation AirdropFeeding the Carolinas"We offer our sincerest condolences to those who have lost
WELLESLEY, Mass., Oct. 1, 2024 /PRNewswire/ -- Sun Life U.S. has named Maya Beri chief information officer (CIO). Beri brings decades of experience in technology and IT strategy to the Sun Life U.S. business, most recently serving as senior managing director, CIO, for SLC Management, a Sun Life company. In her new role, Beri will oversee the expansion of digital solutions that make health and benefits easier to use and help members access the care and coverage they need. "We're fortunate to have a deep well of talent in the Sun Life enterprise and pleased that Maya is joining
HARTFORD, Conn., Sept. 26, 2024 /PRNewswire/ -- Sun Life U.S. has been named a Top Workplace by the Hartford Courant for the fourth year, recognizing the company for its flexible culture, strong benefits and employee engagement. With several consecutive years of recognition in Boston, Hartford and nationally, as well as newer recognition in Milwaukee and Baltimore, Sun Life has established itself as an employer of choice around the country. The Top Workplaces recognition is based on employee surveys conducted by Energage and information about the company's employee programming.
A first of its kind in Canada – an 'all-in-one' target age solution that simplifies retirement income TORONTO, Sept. 26, 2024 /CNW/ - Five million Canadians will turn 65 this decade and be one step closer to retirement. Today, Sun Life introduced Sun Life MyRetirement Income, an innovative first for Canadians that provides retirees with a reliable source of income, while maintaining flexibility and the potential for continued investment growth. This fully automated solution can help ease the transition from saving to drawing income in retirement. "With 40% of Canadians worried about outliving their savings, providing support and sustainable retirement income i
– Clinical 360+ designed to improve health access and outcomes – WELLESLEY, Mass., Sept. 23, 2024 /PRNewswire/ -- Sun Life U.S. today launched Clinical 360+, a stop-loss program that gives members access to personalized resources, tools and care services to help them better stay on top of their health. This new offering expands the company's original Clinical 360 program that uses data and clinical expertise to find cost savings and care services for stop-loss employer clients and their employees. "Our Clinical 360+ program adopts a comprehensive strategy to increase early car
Hoops for My Hometown: Encouraging healthy lifestyles for young people, one court at a time QUEBEC CITY , Sept. 18, 2024 /CNW/ - Sun Life and the Fondation Maurice-Tanguay are proud to announce the official opening of the first two basketball courts to be delivered under the Hoops for My Hometown program. The courts are located in L'Anse-Tibbits Park in Lévis and at Patro Roc-Amadour in Limoilou. They will serve as community spaces, encourage young people to stay active and add to the vitality of their neighbourhoods. Healthy and sustainable communities through sport Hoops for My Hometown, launched in summer 2023, reflects the two organizations' commitment to young people's physical and men
TORONTO, Sept. 18, 2024 /CNW/ - Sun Life Financial Inc. (TSX:SLF) (NYSE:SLF) announced today that it is donating $100,000 to the Vietnam Red Cross in support of Typhoon Yagi relief efforts in Vietnam. Adverse weather from Typhoon Yagi, the strongest storm to hit Asia this year, has claimed hundreds of lives, and flood waters from swollen rivers have inundated southern China and Southeast Asia. "The situation is Vietnam is devastating and we are here for our Clients, employees, advisors, and communities who have been impacted by Typhoon Yagi," said Kevin Strain, President and C
HARTFORD, Conn., Sept. 11, 2024 /PRNewswire/ -- Sun Life U.S. teamed up once again with the Hartford Yard Goats for the second year of Strikeout for a Cause. After a strong season of strikeouts, the Yard Goats and Sun Life raised $13,000. The funds support Hartford Behavioral Health (HBH), a local nonprofit organization providing behavioral health services to adults and children who would otherwise not have access. To celebrate the campaign's success, a check was presented to HBH at Friday night's game against the Altoona Curve. Combined with last year, Sun Life and the Yard Goats have raised $26,000 for HBH.
TORONTO, Sept. 11, 2024 /PRNewswire/ - Kevin Strain, President and Chief Executive Officer of Sun Life is pleased to announce leadership changes to Sun Life Canada that will continue to drive the company's strong momentum. Jacques Goulet is assuming a new role as Executive Chair, Sun Life Canada and Jessica Tan will succeed him as President, Sun Life Canada. These changes are effective September 30, 2024. In his new role, Mr. Goulet will support a smooth leadership transition and help deliver on key elements of our enterprise strategy. Mr. Goulet will also continue as the Chair of the Board of Directors for Dialogue, Sun Life Canada's leading virtual care business, and in his leadership rol
WELLESLEY, Mass., Sept. 5, 2024 /PRNewswire/ -- Sun Life U.S. is making benefits easier for members by integrating claims across its disability, supplemental health, stop-loss and dental products. When a member has more than one of these products and files a single claim, all other applicable Sun Life benefits will be processed automatically, ensuring members quickly receive all the coverage they elected without having to file additional claims. This also creates an advantage for employers who buy multiple products from Sun Life U.S. and provides members with valuable benefits when they need them most.
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Barclays initiated coverage of Sun Life with a rating of Equal Weight
Jefferies initiated coverage of Sun Life with a rating of Buy
RBC Capital Mkts upgraded Sun Life from Sector Perform to Outperform
CIBC downgraded Sun Life from Sector Outperform to Neutral
Credit Suisse initiated coverage of Sun Life with a rating of Outperform
National Bank Financial downgraded Sun Life from Outperform to Sector Perform
National Bank Of Canada downgraded Sun Life Financial from Outperform to Sector Perform and set a new price target of $77.00 from $79.00 previously
RBC Capital reiterated coverage of Sun Life Financial with a rating of Sector Perform and set a new price target of $74.00 from $71.00 previously
CIBC upgraded Sun Life from Neutral to Sector Outperform
Credit Suisse reiterated coverage of Sun Life Financial with a rating of Outperform and set a new price target of $74.00 from $72.00 previously
WELLESLEY, Mass., Oct. 1, 2024 /PRNewswire/ -- Sun Life U.S. has named Maya Beri chief information officer (CIO). Beri brings decades of experience in technology and IT strategy to the Sun Life U.S. business, most recently serving as senior managing director, CIO, for SLC Management, a Sun Life company. In her new role, Beri will oversee the expansion of digital solutions that make health and benefits easier to use and help members access the care and coverage they need. "We're fortunate to have a deep well of talent in the Sun Life enterprise and pleased that Maya is joining
Hoops for My Hometown: Encouraging healthy lifestyles for young people, one court at a time QUEBEC CITY , Sept. 18, 2024 /CNW/ - Sun Life and the Fondation Maurice-Tanguay are proud to announce the official opening of the first two basketball courts to be delivered under the Hoops for My Hometown program. The courts are located in L'Anse-Tibbits Park in Lévis and at Patro Roc-Amadour in Limoilou. They will serve as community spaces, encourage young people to stay active and add to the vitality of their neighbourhoods. Healthy and sustainable communities through sport Hoops for My Hometown, launched in summer 2023, reflects the two organizations' commitment to young people's physical and men
TORONTO, Sept. 11, 2024 /PRNewswire/ - Kevin Strain, President and Chief Executive Officer of Sun Life is pleased to announce leadership changes to Sun Life Canada that will continue to drive the company's strong momentum. Jacques Goulet is assuming a new role as Executive Chair, Sun Life Canada and Jessica Tan will succeed him as President, Sun Life Canada. These changes are effective September 30, 2024. In his new role, Mr. Goulet will support a smooth leadership transition and help deliver on key elements of our enterprise strategy. Mr. Goulet will also continue as the Chair of the Board of Directors for Dialogue, Sun Life Canada's leading virtual care business, and in his leadership rol
TORONTO, July 31, 2024 /PRNewswire/ - Sun Life Financial Inc. (TSX:SLF) (NYSE:SLF) is pleased to announce the appointments of Patrick Cronin and Stacey Madge to the Sun Life Board of Directors, effective July 31, 2024. Mr. Cronin is a seasoned financial executive with a distinguished career spanning over 30 years in the banking and financial services industries across Canada, U.S. and international markets. Most recently, Mr. Cronin served as Special Advisor to the CEO for BMO Financial Group. Prior to that role, he was the bank's Chief Risk Officer, where he provided independent review and oversight of enterprise-wide risks and fostered a strong risk culture across the bank. He played a pi
TORONTO, March 26, 2024 /PRNewswire/ - Sun Life Financial Inc. (TSX:SLF) (NYSE:SLF) (the "Company") today announced that its Annual Meeting of shareholders and the Annual Meeting of voting policyholders of Sun Life Assurance Company of Canada scheduled for Thursday, May 9, 2024 will be held both via live webcast online and in person. The Company also announced that its 2023 Annual Report and its Notice of Annual Meeting and Management Information Circular for the 2024 annual meeting are now available. Annual Meetings of Shareholders and Voting Policyholders Shareholders and voting policyholders will have the opportunity to attend the meeting in person, at the address set out below, or virtu
TORONTO, March 25, 2024 /PRNewswire/ - Sun Life Financial Inc. (TSX:SLF) (NYSE:SLF) 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. 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 su
Statement from Sun Life U.S. President, Dan Fishbein, M.D., on the ERISA Advisory Council's recommendation to Congress WELLESLEY, Mass., Dec. 12, 2023 /PRNewswire/ -- Today, Dan Fishbein, M.D., president of Sun Life U.S., released the following statement regarding the ERISA Advisory Council's recommendation that Congress pass legislation to require mental health parity in long-term disability insurance. Sun Life U.S. supports ERISA recommendation to Congress for mental health parity in disability insurance."Mental health is health, unequivocally. Just as with physical conditio
A roundup of the most newsworthy press releases from Cision Distribution this week TORONTO, Oct. 6, 2023 /CNW/ - With thousands of press releases published each week, it can be difficult to keep up with everything on Cision. To help journalists and consumers stay on top of the week's most newsworthy and popular releases, here's a recap of some major stories from the week that shouldn't be missed. The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that
TORONTO, June 22, 2023 /CNW/ - The National Institute on Ageing (NIA) is proud to announce a new research partnership with Sun Life that will seek to identify barriers to financial security for older Canadians and find solutions that can help overcome them. With a contribution from Sun Life of $300,000 over three years, the NIA will research some of the key financial, health, and mental issues facing ageing Canadians. The work will focus on those in the long-term care (LTC) system and the challenges that prevent some members who have paid into a pension plan from accessing the savings they are owed. Canada's health care and support systems have not kept pace with its rapidly ageing populati
TORONTO, June 5, 2023 /PRNewswire/ - Sun Life Financial Inc. (TSX:SLF) (NYSE:SLF) announced the appointment of David Garg as Sun Life's Senior Vice-President, Corporate Development and Investor Relations. David joined Sun Life in November 2021 as Senior Vice-President of Corporate Development, and since that time has led mergers, acquisitions and strategic investments across the company. In this expanded role, David will be responsible for developing Sun Life's investor communications and managing relationships with institutional investors, sell-side analysts and rating agencies. He will also have responsibility for Capital Markets and continue to lead Sun Life's Corporate Development Team.
TORONTO, Aug. 12, 2024 /PRNewswire/ - The Board of Directors (the "Board") of Sun Life Financial Inc. (the "Company") (TSX:SLF) (NYSE:SLF) today announced that a dividend of $0.81 per share on the common shares of the Company has been declared, payable September 27, 2024 to shareholders of record at the close of business on August 28, 2024. This is the same amount as paid in the previous quarter. The Board also announced that the following dividends have been declared on the Company's Class A Non-Cumulative Preferred Shares, payable on September 27, 2024 to shareholders of rec
Sun Life Financial Inc. ("SLF Inc."), its subsidiaries and, where applicable, its joint ventures and associates are collectively referred to as "the Company", "Sun Life", "we", "our", and "us". We manage our operations and report our financial results in five business segments: Canada, United States ("U.S."), Asset Management, Asia, and Corporate. The information in this document is based on the unaudited interim financial results of SLF Inc. for the period ended June 30, 2024 and should be read in conjunction with the interim management's discussion and analysis ("MD&A") and our unaudited interim consolidated financial statements and accompanying notes ("Interim Consolidated Financial State
TORONTO, July 29, 2024 /PRNewswire/ - Sun Life Financial Inc. (TSX:SLF) (NYSE:SLF) will release its second quarter 2024 financial results on Monday, August 12, 2024 after markets close. Sun Life will hold its earnings conference call and live webcast at 10:00 a.m. ET the following day. Date: Tuesday, August 13, 2024Time: 10:00 a.m. ET To access the call and presentation via live webcast, please click here.To access the call via telephone, please click here. The webcast replay will be available after the event. About Sun Life Sun Life is a leading international financial servic
TORONTO, May 9, 2024 /PRNewswire/ - The Board of Directors (the "Board") of Sun Life Financial Inc. (the "Company") (TSX:SLF) (NYSE:SLF) today announced that a dividend of $0.81 per share on the common shares of the Company has been declared, payable June 28, 2024 to shareholders of record at the close of business on May 29, 2024. This represents a 3 cent increase to the amount paid in the previous quarter. The Board also announced that the following dividends have been declared on the Company's Class A Non-Cumulative Preferred Shares, payable on June 28, 2024 to shareholders of record at the close of business on May 29, 2024: Series 3 $0.278125 per share Series 4 $0.278125 per share Series
TORONTO, April 24, 2024 /PRNewswire/ - Sun Life Financial Inc. (TSX:SLF) (NYSE:SLF) will release its first quarter 2024 financial results on Thursday, May 9, 2024 after markets close. Sun Life will hold its earnings conference call and live webcast at 10:00 a.m. ET the following day. Date: Friday, May 10, 2024Time: 10:00 a.m. ET To access the call and presentation via live webcast, please click here.To access the call via telephone, please click here. The webcast replay will be available after the event. About Sun LifeSun Life is a leading international financial services organization providing asset management, wealth, insurance and health solutions to individual and institutional Clients.
TORONTO, Feb. 7, 2024 /PRNewswire/ - The Board of Directors (the "Board") of Sun Life Financial Inc. (the "Company") (TSX:SLF) (NYSE:SLF) today announced that a dividend of $0.78 per share on the common shares of the Company has been declared, payable March 28, 2024 to shareholders of record at the close of business on February 28, 2024. This is the same amount as paid in the previous quarter. The Board also announced that the following dividends have been declared on the Company's Class A Non-Cumulative Preferred Shares, payable on March 28, 2024 to shareholders of record at the close of business on February 28, 2024: Series 3 $0.278125 per share Series 4 $0.278125 per share Series 5 $0.28
The information in this document is based on the unaudited interim financial results of Sun Life Financial Inc. ("SLF Inc.") for the period ended December 31, 2023. SLF Inc., its subsidiaries and, where applicable, its joint ventures and associates are collectively referred to as "the Company", "Sun Life", "we", "our", and "us". We manage our operations and report our financial results in five business segments: Asset Management, Canada, United States ("U.S."), Asia, and Corporate. Reported net income (loss) refers to Common shareholders' net income (loss) determined in accordance with IFRS. Unless otherwise noted, all amounts are in Canadian dollars. Amounts in this document may be impacte
TORONTO, Jan. 24, 2024 /PRNewswire/ - Sun Life Financial Inc. (TSX:SLF) (NYSE:SLF) will release its fourth quarter 2023 financial results on Wednesday, February 7, 2024 after markets close. Sun Life will hold its earnings conference call and live webcast at 10:00 a.m. ET the following day. Date: Thursday, February 8, 2024Time: 10:00 a.m. ET To access the call and presentation via live webcast, please click here.To access the call via telephone, please click here. The webcast replay will be available after the event. About Sun LifeSun Life is a leading international financial services organization providing asset management, wealth, insurance and health solutions to individual and institutio
TORONTO, Nov. 13, 2023 /PRNewswire/ - The Board of Directors (the "Board") of Sun Life Financial Inc. (the "Company") (TSX:SLF) (NYSE:SLF) today announced that a dividend of $0.78 per share on the common shares of the Company has been declared, payable December 29, 2023 to shareholders of record at the close of business on November 29, 2023. This represents a 3 cent increase to the amount paid in the previous quarter. The Board also announced that the following dividends have been declared on the Company's Class A Non-Cumulative Preferred Shares, payable on December 29, 2023 to shareholders of record at the close of business on November 29, 2023: Series 3 $0.278125 per share Series 4 $0.278
Sun Life Financial Inc. ("SLF Inc."), its subsidiaries and, where applicable, its joint ventures and associates are collectively referred to as "the Company", "Sun Life", "we", "our", and "us". We manage our operations and report our financial results in five business segments: Canada, United States ("U.S."), Asset Management, Asia, and Corporate. The information in this document is based on the unaudited interim financial results of SLF Inc. for the period ended September 30, 2023 and should be read in conjunction with the interim management's discussion and analysis ("MD&A") and our unaudited interim consolidated financial statements and accompanying notes ("Interim Consolidated Financial
Sun Life U.S. has expanded its partnership with Goodpath to offer employer clients virtual whole-person care, a new employee benefit that provides care for physical conditions and mental health, including unlimited therapy sessions. Sun Life disability clients can proactively support their employees' mental and physical health, helping to reduce the need for absences or extended leave. As access to care issues persist around the country, Sun Life continues to expand its portfolio of health services, including mental health, to help people get the care and coverage they need.
Sun Life Financial (NYSE:SLF) reported quarterly earnings of $1.11 per share which missed the analyst consensus estimate of $1.20 by 7.5 percent. This is a 1.25 percent decrease over earnings of $1.12 per share from the same period last year. The company reported $5.10 billion in sales this quarter. This is a 42.45 percent decrease over sales of $8.86 billion the same period last year.
The Board of Directors (the "Board") of Sun Life Financial Inc. (the "Company") (TSX:SLF) (NYSE:SLF) today announced that a dividend of $0.81 per share on the common shares of the Company has been declared, payable June 28, 2024 to shareholders of record at the close of business on May 29, 2024. This represents a 3 cent increase to the amount paid in the previous quarter.
Sun Life Financial Inc. (TSX:SLF) (NYSE:SLF) 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. 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
Jefferies analyst John Aiken initiates coverage on Sun Life Financial (TSX:SLF) with a Buy rating and announces Price Target of C$82.
RBC Capital analyst Darko Mihelic maintains Sun Life Financial (TSX:SLF) with a Outperform and raises the price target from C$76 to C$77.
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