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 |
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.
WELLESLEY, Mass., Aug. 29, 2024 /PRNewswire/ -- Sun Life U.S. has selected the six recipients of the 2024 Health Access Grants, awarded to organizations addressing health and wellness issues in communities that often lack access to care. Launched as the Team Up Against Diabetes Grant program in 2016, the Health Access grant program has expanded from diabetes to include oral health care and other related health issues that are especially prevalent in underserved communities. "Access to care continues to be a significant challenge for many in our country, and we are happy to sup
TORONTO, Aug. 26, 2024 /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 renewal of the Company's previously announced normal course issuer bid to purchase up to 15,000,000 of its common shares ("common shares") (representing approximately 2.6% of the 577,567,842 common shares issued and outstanding as at August 20, 2024) (the "NCIB"). The NCIB will provide the Company with the flexibility to acquire common shares in order to return capital to shareholders as part of its overall capital management strategy. The N
TORONTO, Aug. 26, 2024 /PRNewswire/ - Kevin Strain, Sun Life's President and Chief Executive Officer, will participate in a fireside chat at the Scotiabank Financials Summit. He will be joined by Meny Grauman, Managing Director, Canadian Financial Services, Scotiabank. Date: September 5, 2024 Time: 8:30 a.m. ET To access the live webcast, please visit our Sun Life Investor Relations page. About Sun Life Sun Life is a leading international financial services organization providing asset management, wealth, insurance and health solutions to individual and institutional Clients. Sun Life has operations in a number of markets worldwide, including Canada, the United States, the United Kingdom, I
WELLESLEY, Mass., Aug. 21, 2024 /PRNewswire/ -- Sun Life U.S. today announced leadership transitions for its Dental and Group Benefits businesses, effective September 2. David Healy, who is currently president of Group Benefits, will become president of the Dental business. He succeeds Steve Pollock, current leader of the Dental business and former president and CEO of DentaQuest, who is moving to an advisory role now that the major integration milestones are complete from Sun Life's 2022 acquisition of the company. Joi Tillman, who is currently chief commercial dental officer, will become president of Group Benefits.
TORONTO, Aug. 13, 2024 /PRNewswire/ - Sun Life Financial Inc. (TSX:SLF) (NYSE:SLF) ("Sun Life") announced today that it completed the redemption of all of its outstanding $750 million principal amount of Series 2019-1 Subordinated Unsecured 2.38% Fixed/Floating Debentures. About Sun LifeSun Life is a leading international financial services organization providing asset management, wealth, insurance and health solutions to individual and institutional Clients. Sun Life has operations in a number of markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, the Philippines, Japan, Indonesia, India, China, Australia, Singapore, Vietnam, Malaysia and Bermuda.
TORONTO, Aug. 12, 2024 /PRNewswire/ - Sun Life Financial Inc. (TSX:SLF) (NYSE:SLF) (the "Company" or "Sun Life") announced today that, subject to the approval of the Office of the Superintendent of Financial Institutions ("OSFI") and the Toronto Stock Exchange (the "TSX"), it intends to renew its normal course issuer bid to purchase up to 15,000,000 of its common shares (representing approximately 2.6% of the 578,405,077 common shares issued and outstanding as at June 30, 2024) (the "NCIB"). The Company will file a notice of intention with the TSX in this regard. The NCIB will provide the Company with the flexibility to acquire common shares in order to return capital to shareholders as par
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 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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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
SC 13G/A - SUN LIFE FINANCIAL INC (0001097362) (Filed by)
SC 13G/A - SUN LIFE FINANCIAL INC (0001097362) (Filed by)
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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
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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.
New COO role to help position SLC Fixed Income for continued growth WELLESLEY, Mass. and TORONTO, May 2, 2023 /PRNewswire/ - SLC Management, the C$355B (US$262B) institutional fixed income and alternatives asset manager, is pleased to announce that Candace Shaw, Senior Managing Director and Deputy Chief Investment Officer, SLC Management, has been appointed to Chief Operating Officer, SLC Fixed Income, effective immediately. "As SLC Fixed Income continues to evolve, improving our foundational processes is imperative to the future growth of our business," said Steve Peacher, President, SLC Management. "This appointment allows us to capitalize on Candy's deep knowledge and experience within t
TORONTO, Feb. 6, 2023 /PRNewswire/ - Sun Life Financial Inc. (TSX:SLF) (NYSE:SLF) is pleased to announce the appointment of Joseph Natale to the Sun Life Board of Directors, effective February 7, 2023. Mr. Natale is an experienced public company CEO with more than 30 years in large corporate and global consulting settings. Mr. Natale was previously President and CEO at Rogers Communications Inc., and Telus Corporation, two of Canada's largest, publicly-listed companies. During his time with Rogers and Telus, Mr. Natale led both companies through growth and transformation, including acquisitions, new brand and business launches, consumer experience and digital transformation. Outside of the