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 |
---|---|---|---|
1/15/2025 | Sector Perform → Outperform | National Bank Financial | |
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 |
KANSAS CITY, Mo., Jan. 14, 2025 /PRNewswire/ -- Sun Life U.S. has been named a Top Place to Work in Kansas City by the Kansas City Business Journal, and through employee survey company Energage. With several consecutive years of recognition in Boston, Hartford and nationally, as well as newer recognition in Milwaukee, Sun Life has established itself as an employer of choice around the country. The Top Workplace recognitions are based on employee survey results and information about the company's employee programming. "We believe that our culture is our superpower, as things li
WELLESLEY, Mass., Jan. 14, 2025 /PRNewswire/ -- Sun Life U.S. has been named a Top Place to Work by the Boston Globe, through employee survey company Energage. With several consecutive years of recognition in Boston, Hartford and nationally, as well as newer recognition in Milwaukee and Kansas City, Sun Life has established itself as an employer of choice around the country. The Top Workplaces recognition is based on employee survey results and information about the company's employee programming. "Culture has become our superpower – it fuels higher levels of employee engageme
New report finds drug claims for chronic diseases like diabetes and high blood pressure on the rise TORONTO, Dec. 11, 2024 /CNW/ - Chronic diseases don't discriminate when it comes to age. A new report from Sun Life points to more and more young Canadians being struck with life altering chronic physical conditions such as high cholesterol, high blood pressure, diabetes and asthma. The report analyzed the drug claims data of over three million Sun Life plan members over a five-year period1. Across all age groups, almost half (45.1%) of all Canadians live with at least one major chronic disease. Diabetes is the fastest growing chronic disease with claims up approximately 30% from 2019 to 2023
PORTLAND, Maine, Dec. 5, 2024 /PRNewswire/ -- As part of its philanthropic focus on helping people access the care and coverage they need, Sun Life U.S. has renewed its support of Northeastern University's Roux Institute Gap Year program with a donation of $50,000. The program places recent college graduates from schools around the country in clinical support positions throughout Maine. The graduates fill frontline roles, helping to address staff shortages in care delivery settings, including dental. Nearly all Gap Year program participants enter careers in healthcare, and many of them remain in Maine. Since the Gap Year program began in 2023, 54 graduates have been placed in seven healthcar
BOSTON and WELLESLEY, Mass., Dec. 3, 2024 /PRNewswire/ -- Sun Life U.S. and the Boston Celtics have wrapped the 11th year of #SunLifeDunk4Diabetes, raising $105,000 for the YMCA of Greater Boston. Held during National Diabetes Month in November, the campaign supports the YMCA's Healthy Habits program, a 10-week educational course that helps people better manage their health and wellness, and avoid or reverse a type 2 diabetes diagnosis. Each Celtics dunk in November generated $1,000 from Sun Life, with a total matching donation of up to $25,000 from the Boston Celtics Shamrock Foundation. The Celtics delivered an incredible 60 dunks, led by Neemias Queta, with 25 dunks, and Jayson Tatum, wit
WINNIPEG, MB, Nov. 22, 2024 /CNW/ - A new three-year partnership between Sun Life and Tribal Wi-Chi-Way-Win Capital Corporation (TWCC) will see more than 175 jobs created in Winnipeg. TWCC will be working with Sun Life to provide Contact Centre services for the Canadian Dental Care Plan (CDCP). TWCC representatives will be assisting Canadians from coast-to-coast. The partnership will double the size of TWCC's Contact Centre and bring new employment opportunities to the City of Winnipeg and Province of Manitoba. "This is a true win-win; not only for the organization but also fo
WINNIPEG, MB, Nov. 19, 2024 /CNW/ - Sun Life and Tribal Wi-Chi-Way-Win Capital Corporation (TWCC) will be announcing a new partnership that will help with economic growth and job creation in Winnipeg. TWCC is 100% Indigenous owned and will be providing Contact Centre services for Sun Life in support of the Canadian Dental Care Plan (CDCP), assisting Canadians from coast-to-coast. This partnership will double the size of TWCC's Contact Centre, while ensuring that at a minimum of 33% of all employees identify as Indigenous. WHERE: Inn at the Forks, 75 Forks Market Road, Winnipeg, MB(Smith Restaurant) WHEN: Friday, November 22, 2024, 10 a.m. CDT WHO: • Alan Park, Chief Executive Officer,
WINNIPEG, MB, Nov. 19, 2024 /CNW/ - Sun Life and Tribal Wi-Chi-Way-Win Capital Corporation (TWCC) will be announcing a new partnership that will help with economic growth and job creation in Winnipeg. TWCC is 100% Indigenous owned and will be providing Contact Centre services for Sun Life in support of the Canadian Dental Care Plan (CDCP), assisting Canadians from coast-to-coast. This partnership will double the size of TWCC's Contact Centre, while ensuring that at a minimum of 33% of all employees identify as Indigenous. WHERE: Inn at the Forks, 75 Forks Market Road, Winnipeg, MB(Smith Restaurant) WHEN: Friday, November 22, 2024, 10 a.m. CDT WHO: • Alan Park, Chief Executive Officer,
TORONTO, Nov. 13, 2024 /PRNewswire/ - Sun Life Financial Inc. (TSX:SLF) (NYSE:SLF) ("the Company" or "Sun Life") will host Investor Day 2024 in Toronto today. During the event, Sun Life will showcase its winning track record, highlight progress made on its strategic priorities, detail updates to its Medium-Term Financial Objectives and Business Group targets and ultimately demonstrate how the Company is delivering for its Clients and investors. Several members of Sun Life's Senior Management Team will host presentations and interactive discussions on topics including: digital leadership, Client impact, and insights into Sun Life's four business groups ─ Asset Management, Canada, U.S. and As
TORONTO, Nov. 4, 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 $0.84 per share on the common shares of the Company has been declared, payable December 31, 2024 to shareholders of record at the close of business on November 27, 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 December 31, 2024 to
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National Bank Financial upgraded Sun Life from Sector Perform to Outperform
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
TORONTO, Nov. 4, 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 $0.84 per share on the common shares of the Company has been declared, payable December 31, 2024 to shareholders of record at the close of business on November 27, 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 December 31, 2024 to
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, 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
TORONTO, Oct. 21, 2024 /PRNewswire/ - Sun Life Financial Inc. (TSX:SLF) (NYSE:SLF) will release its third quarter financial results on Monday, November 4, 2024 after markets close. A live webcast of the quarterly results will be available the following day – November 5, 2024 – at 10:00 a.m. ET. Date: Tuesday, November 5, 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
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
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.