BUY on WEAKNESS

Better business model than ManuLife.
Well regarded CEO. 
Strong dividend yield.
Company will perform better with rising interest rates.
Unsure on growth prospects for company.
Tremendous opportunity to run business more efficiently. 

insurance
WEAK BUY
SLF vs. MFC

Both high quality, good balance sheets, strong management. Both attractive value right now. MFC is 8x earnings, SLF is 11x. Asian business is a differentiator, which both have. MFC is much more international, with 80% of revenues from outside Canada, and 50% from Asia. Covid has slowed Asia, but when it bounces back, MFC should benefit a bit more. MFC yield slightly higher. Long term, you'll do well in both. 

insurance
BUY
Allan Tong’s Discover Picks

A better performing insurance stock has been SLF stock, which has rallied 25% in the past five years compared to Manulife‘s 3.25%. However, Sun Life pays a lower dividend yield of 4.34% (still nothing to scoff at) and trades at a higher PE of 12.19x. Like MFC, Sun Life has significant Asian operations and could enjoy tailwinds now that China has ended lockdowns. Most recently, SLF inked a C$260-million deal with Hong Kong’s Dah Sing Bank to supply life insurance to the latter’s 570,000 customers for 15 years. Last September, SLF spent US$214 million to buy Advisors Asset Management which will bolster its alternative investment business particularly to high-net worth Americans. Read 4 Insurance Stocks to Stay Safe in a Risky Market for our full analysis. 

insurance
BUY
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. Growth opportunities in US & Asia. Outperformed Life Co. peers. InfraRed acquisition to help pension business. Trades at a premium to peers.
insurance
BUY
Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. Strong performance in asset management. Growing profits despite higher mortality rates. Increased dividend by 20%. Premium valuation justified.
insurance
DON'T BUY
SLF vs. MFC vs. TD All financials got beaten up. Issue with banks is potential loan losses, and if it's a deep recession, loan losses can get bigger. A lot of financials can be a black box, and you don't see the damage until it's too late. Impressed by what MFC has done over time, nice dividend yield. All financials are starting to look interesting. Banks look attractive valuation-wise, but he'd wait.
insurance
BUY

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research. Strong performance in asset management. Growing profits despite higher mortality rates. Increased dividend by 20%. Premium valuation justified. Unlock Premium - Try 5i Free

insurance
HOLD
Lifecos are going to benefit from higher interest rates and bond yields. SLF has probably done a better job than MFC over the last decade, but he owns both.
insurance
WEAK BUY
Insurance companies as a group are down 20% YTD, while the TSX is down around 12%. Weaker economy hurts. Question is whether it's overly reflected in the sector? GWO tends to trade at a premium, clean earnings. He'd buy the sector, given the nice dividends and low valuations. Second half won't be as bad as the first. He'd go with MFC, trading at 6.5x earnings. Second choice SLF, third GWO.
insurance
WEAK BUY
SLF vs. GWO vs. MFC He looks at price to book. MFC is one of the cheapest names out there. GWO is trading at 1.17x, whereas MFC is at 0.87x. SLF is more expensive at 1.4x, but you get the heavier wealth management arm and more exposure to Asia. No issue with GWO, pretty high and secure dividend at 6.3%. On a combination of growth and valuation, he likes MFC more. SLF is on par with GWO as a pick.
insurance
HOLD
Financial statements not indicating catalyst for share appreciation. No major problems with company. Is one of the better insurance companies in Canada. Entry into the US market has been good. Rising interest rates is good for insurance business.
insurance
BUY on WEAKNESS
A little more defensive than Manulife. asset management in the U.S.
insurance
BUY
SLF vs. ATD'B ATD is doing very well because oil prices are high. Also, they are on the verge of buying a company. Both add to upside. SLF is the best Canadian insurer, with stable, but slow earnings growth. It will benefit from higher interest rates. Buy and put away and own for the dividend. Shares are down 5-10% from last year's high, so good to enter now.
insurance
COMMENT
As interest rates rise, lifecos tend to do better. On the other hand, it is offset by weaker equity markets. It will be choppy. For a trade, you could accumulate here. He owns Manulife instead. Range trade this.
insurance
BUY
Interest rates going up is generally good for insurance companies. Extremely well managed. One of his favourites in the industry. He'd recommend it today. Priced at the right level now. Yield of just over 4%.
insurance
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Sun Life Financial Inc(SLF-T) Rating

Ranking : 5 out of 5

Bullish - Buy Signals / Votes : 12

Neutral - Hold Signals / Votes : 2

Bearish - Sell Signals / Votes : 1

Total Signals / Votes : 15

Stockchase rating for Sun Life Financial Inc is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Sun Life Financial Inc(SLF-T) Frequently Asked Questions

What is Sun Life Financial Inc stock symbol?

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

Is Sun Life Financial Inc a buy or a sell?

In the last year, 15 stock analysts published opinions about SLF-T. 12 analysts recommended to BUY the stock. 1 analyst recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Sun Life Financial Inc.

Is Sun Life Financial Inc a good investment or a top pick?

Sun Life Financial Inc was recommended as a Top Pick by on . Read the latest stock experts ratings for Sun Life Financial Inc.

Why is Sun Life Financial Inc stock dropping?

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.

Is Sun Life Financial Inc worth watching?

15 stock analysts on Stockchase covered Sun Life Financial Inc In the last year. It is a trending stock that is worth watching.

What is Sun Life Financial Inc stock price?

On 2023-03-21, Sun Life Financial Inc (SLF-T) stock closed at a price of $62.32.