- Sun Life Financial’s underlying Earnings Per Share (EPS) for the first quarter reported at C$1.82, significantly up from last year’s C$1.50 and surpassing estimates of C$1.71.
- Assets under management grew to an impressive C$1.55 trillion, exceeding the estimated C$601.21 billion.
- The company reported an underlying Return on Equity (ROE) of 17.7%.
- Sun Life Financial has cash and other resources amounting to C$617 million.
- Sun Life announced an increase in its dividend to C$0.88 per share, above the estimated C$0.87 per share.
- The strong performance is attributed to robust growth across all business sectors, as commented by Kevin Strain, President and CEO of Sun Life.
- Analyst recommendations include 10 buy ratings, 4 hold ratings, and 1 sell rating.
A look at Sun Life Financial Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores for Sun Life Financial, the company shows a promising outlook for the long term. With a strong Dividend score of 4 and Momentum score of 4, Sun Life Financial seems to be in a good position to provide steady returns to its investors while also displaying positive growth potential. Combined with solid scores of 3 in Value, Growth, and Resilience, Sun Life Financial appears to offer a well-rounded investment opportunity for those looking for stability and growth in the financial sector.
Sun Life Financial Inc. is an international financial services organization that offers a wide range of wealth accumulation and protection products and services. From insurance and mutual funds to annuities, pensions, and investment management, the Company caters to both individual and corporate customers on a global scale. With a balanced mix of strengths across Value, Dividend, Growth, Resilience, and Momentum according to the Smartkarma Smart Scores, Sun Life Financial presents itself as a solid player in the financial services industry, poised for long-term success.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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