Related posts
Most Anticipated Earnings: SLF-T, REAL-T and more Canadian Companies Reporting Earnings this Week (Nov 13-17)Unveiling the Best Canadian Dividend Stocks: Meet the TSX Dividend Kings!4 Insurance Stocks to Stay Safe in a Risky MarketThis summary was created by AI, based on 15 opinions in the last 12 months.
Sun Life Financial Inc (SLF-T) is a high-quality company with a strong management team, well-diversified revenue streams, and a generous dividend yield of approximately 4%. The company has been achieving strong financial results globally, with its Chinese business rebounding from the Covid pandemic. The stock has been hitting 52-week highs and is showing good technical strength. Overall, experts are positive about the company's future prospects and recommend considering it for investment.
MFC is the name in the Insurance space that keeps working. A few years ago, it was like that cough syrup -- doesn't taste good, but it works. Insurance companies are set to outperform banks. MFC is #1, SLF #2, POW #3.
Great quality company. Revenue: Canada (53%), US (17%), Asia (17%), Europe (10%). Shares moving higher. China opening post-Covid driving business, higher EPS, and higher share price. No hesitation to buy and hold.
Good technical strength, 200-day MA still moving higher as is the price. Hitting 52-week highs. $74 is the all-time high, above that would be a breakout. Well diversified. Yield is 4.34%. Good spot to be, but he own MFC instead.
Some of the insurers are outperforming the banks because they're a bit more levered to falling interest rates, fewer credit concerns and loan-loss provisions. Likes banks, too.
Banks are a tougher story due to capital ratios and inability to grow. Instead of a bank, look to MFC or SLF.
Insurance companies typically do better, financial, in times of rising rates. This is because their surplus cash earns more. But, they also pay dividends, and their stocks were hit fairly hard regardless when rates rose. So, we would still expect some tailwinds for the sector as investor re-value solid dividends from both insurers AND banks.
Unlock Premium - Try 5i Free
His metrics flashed sell recently. $51.30 is his target, or 18.5% downside. In no rush to buy this or any insurance company now. Wait for cheaper shares.
Likes their ROE which will grow above target, their 3% buyback and strong capital position of $2 billion cash. Less risky than its peers.
(Analysts’ price target is $73.10)All of the interest sensitives have been under pressure the last couple of months with rates rising.
He favours TD. Tightly regulated oligopoly, and a levered play on the growth of the Canadian, and increasingly US, economy. Surplus of excess capital. 10x earnings. Dominant personal and commercial banking franchise. Good-sized banking presence in the US. Shares are at a discount to average. Close to 5% yield, growing at 8% compound over 10 years.
Valuation and yield of SLF are similar to TD. But TD's competitive position in its industry is more advantageous than SLF.
Compared to CM, TD is more of a scale player with a stronger franchise on both sides of the border on its core banking business.
Insurers are much more difficult to analyze than banks, so he prefers banks, but this is a great one to own. High quality. Insurance and wealth management. Global presence with Canada (50% of revenues), US (17%), Asia (17%), and Europe (10%). Chinese business rebounding from Covid. Strong balance sheet, net cash. ROE above market average. 10x earnings, cheap. Yield is 4.5%.
Lifecos could do well in the coming period. Higher rates lower their long-term costs and help ratios.
The insurance business is good in a bumpy market. It posted the best results of the other insurers. Its earnings per share growth is everywhere globally. It has a 4.5% dividend. If comparing lifecos and banks, there is more room for lifecos. Buy 10 Hold 7 Sell 1
(Analysts’ price target is $72.42)Middle of the range growth. High quality. Very well managed. Good dividend yield.
SLF currently trades around $64, which is $5 below its 52-week high. As for its peers, Manulife pays an attractive 5.57% dividend, but it can never break above $27.50 and shares are currently touching the top of its trading range. MFC is a fast trade at best. Great-West Life is in a similar boat, paying a 5.49% yield, but is a dollar away from returning to its historic ceiling of $39 that it hasn’t broken yet. In contrast, SLF’s chart a gradual rise since 2011 of higher highs and higher lows. Read Canadian dividend payers for our full analysis.
Underlying return on equity of 15.5% reflected the strong earnings in the quarter, approaching our medium-term objective of 16% plus.
As mentioned earlier in my comments, capital also remained solid in the quarter, and we were pleased to announce a $0.03 increase to our common share dividend.
In September, SLF announced intention to acquire a majority stake in Advisors Asset Management, or AAM, a leading independent U.S. retail distribution firm.
Unlock Premium - Try 5i Free
Sun Life Financial Inc is a Canadian stock, trading under the symbol SLF-T on the Toronto Stock Exchange (SLF-CT). It is usually referred to as TSX:SLF or SLF-T
In the last year, 13 stock analysts published opinions about SLF-T. 10 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Sun Life Financial Inc.
Sun Life Financial Inc was recommended as a Top Pick by on . Read the latest stock experts ratings for Sun Life Financial Inc.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
13 stock analysts on Stockchase covered Sun Life Financial Inc In the last year. It is a trending stock that is worth watching.
On 2024-04-25, Sun Life Financial Inc (SLF-T) stock closed at a price of $70.17.
Current valuation is high - but overall is a quality company. ROE very strong - generous dividend (~4%). Would recommend buying - is a well managed company. Excellent management team. Owns shares, and would recommend buying.