TSE:SLF

Sun Life Financial Inc (SLF.TO)

112.88
+0.15 (0.13%)
as of Aug 14, 2026, 8:00:00 pm Market Open.
718 watching
0
Investor Insights
star iconAug 13, 2026, 12:00 am

This summary was created by AI, based on 8 opinions in the last 12 months.

Sun Life Financial Inc (SLF) has been witnessing a rally, reflecting optimism in the insurance sector bolstered by a robust money management business linked with stock market performance. However, experts express caution due to potential risks in private credit, where sector losses have been observed. Current pricing metrics highlight SLF trading at a lower price-to-earnings ratio (11.7x) compared to Canadian banks but not necessarily cheap based on its book value. The company has had its challenges lately, particularly with asset management and a tough Canadian market. That said, there are some bullish sentiments owing to upcoming restructuring efforts and a recovery in U.S. operations, though perspectives on long-term growth vary among analysts.

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Consensus
Cautious
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Valuation
Fair Value
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Similar
MFC
BUY
Manulife vs. SunLife He prefers Manulife, though there are concerns about their Asian exposure. But they are selling at slightly over book and SLF higher. MFC also pays a higher yield of over 1%, and the valuation is better with MFC. He owns both and both will benefit from rising interest rates. MFC has been minimizing risk by getting out of their non-core holdings and to concentrate on their profitable businesses, but this demands patience. They are making solid progress as the new CEO focuses on shareholder value.
BUY
Good dividend growth and profitability growth.
BUY
Performed well. Higher highs, higher lows. Above the 200-day MA, which is moving higher. Will benefit from rising interest rates. Wealth and asset management is more in demand globally. He also owns another life co, see his Top Picks.
BUY
SLF vs. MFC Head and shoulders above MFC. Model price of $78.85,11% upside. Nice yield of 3.2%. Seems to be functioning. MFC, on the other hand, has been the same price for the last 15 years.
BUY
Allan Tong’s Discover Picks SLF earnings of $6.08 easily beat Great-West ($3.52), Manulife ($3.40) and Power ($4.28) and its profit margins beats two of those three (Manulife's is better). SLF narrowly beat three of its last four quarters, and its PE is concerning. It trades at 11.6x while Manulife stands at 7.1x and Power at 9.8x. Read Best Financial Stocks in 2022 for our full analysis.
BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. A good, defensive company. Reasonable in valuation. They could see some benefit from interest rates. Unlock Premium - Try 5i Free

DON'T BUY
SLF vs. MFC Both struggling. Have to invest in fixed income at low rates. Both problems growing business. MFC has struggled more with its international expansion. Neither is a great longer term grower. He'd choose MFC because of the dividend. If you sell one, pay attention to the tax hit. Yield is 4.6%, safe. SLF yield is around 3%.
DON'T BUY
Insurance companies have been quite sleepy this year. Stock's been flat since 2019. Not a ton of dividend growth. Good positive exposure to rising rates longer term. Well managed. He owns MFC instead, with more catalysts, cheaper, higher dividend yield. Trimmed weighting to insurance broadly and moved into utilities, renewables, and infrastructure.
BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Their purchase of DentaQuest is a horizontal acquisition. It does give them more access to the US market. It adds diversification to SLF and strengthens their bottom and top lines. Unlock Premium - Try 5i Free

BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. The company is cheap at 10x earnings and pays good, growing dividends. EPS is in the range of 10% for 2022. Higher interest rates will help the company. A better short term growth rate is expected. Unlock Premium - Try 5i Free

PAST TOP PICK
(A Top Pick Sep 11/20, Up 22%) A steady eddy. Will continue to do well but it is not a candidate for purchase for him. There are better opportunities for new money, but nothing wrong with this.
BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Management team is superior to MFC. Execution, growth and conservatism is also of higher quality. SLF has outperformed in 2021, though MFC has done better over one year. A good buy-and-forget stock.

BUY

He owns and likes both this and GWO. Both GWO and SLF have 52% revenue exposure from Canada, but SLF has a bit more Asian exposure and GWO has European exposure. Both will benefit from rising yields.

HOLD

SLF vs. MFC Equally good. Prefers MFC for the great Asian franchise, which has a lot of opportunity. MFC has a great asset management business that has continued to do well, great growth profile, and a cheaper multiple. MFC gets the nod, but you can own both. They're great businesses that will continue to pay a good dividend for many years.

BUY

Billy Kawasaki’s Insights - Billy’s most-liked answers from 5i Research. Looks to have faster growth compared to its competitors. It survived the 2008 crisis better than MFC. It is still cheap. A slight premium valuation due to perception as a better company. Good dividend growth record. Unlock Premium - Try 5i Free

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