Sun Life Financial Inc

SLF-T

TSE:SLF

49.44
0.22 (0.45%)
Sun Life Financial, Inc. is a Canada-based financial services company known primarily as a life insurance company. It is one of the largest life insurance companies in the world, and also one of the oldest with a history spanning back to 1865.
More at Wikipedia

Analysis and Opinions about SLF-T

Signal
Opinion
Expert
HOLD
HOLD
November 8, 2019
Low interest rates? He bought the preferred shares and common stock during the last financial crisis and it has been a great stock for them. Money is flowing back into their investment business. Even in low interest rates they are prospering.
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Low interest rates? He bought the preferred shares and common stock during the last financial crisis and it has been a great stock for them. Money is flowing back into their investment business. Even in low interest rates they are prospering.
COMMENT
COMMENT
November 8, 2019
He used to own Manulife going into the financial crisis and have not looked at it since. It is pale in comparison to Sun Life.
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He used to own Manulife going into the financial crisis and have not looked at it since. It is pale in comparison to Sun Life.
HOLD
HOLD
November 1, 2019
He owns SLF. Even with interest rates falling, insurance has done well. They keep delivering on earnings, trade at 15 times earnings and a reasonable payout ratio.
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He owns SLF. Even with interest rates falling, insurance has done well. They keep delivering on earnings, trade at 15 times earnings and a reasonable payout ratio.
DON'T BUY
DON'T BUY
October 18, 2019
Jaded on this. Likes what they have done in the U.S.. However, interest rates are low and going lower. How do you fund long term liabilities with continually falling rates? A negative spread that causes a problem for insurance and banks. It doesn't look like it's getting better. He thinks there might see another cut in December.
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Jaded on this. Likes what they have done in the U.S.. However, interest rates are low and going lower. How do you fund long term liabilities with continually falling rates? A negative spread that causes a problem for insurance and banks. It doesn't look like it's getting better. He thinks there might see another cut in December.
PAST TOP PICK
PAST TOP PICK
October 17, 2019
(A Top Pick Oct 02/18, Up 20%) And it still looks cheap. It is so well positioned globally. Earnings are rising double digits. The dividend is growing and he thinks this will continue. They have been able to handle the low interest rate environment so well and continue to generate earnings growth.
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(A Top Pick Oct 02/18, Up 20%) And it still looks cheap. It is so well positioned globally. Earnings are rising double digits. The dividend is growing and he thinks this will continue. They have been able to handle the low interest rate environment so well and continue to generate earnings growth.
BUY
BUY
October 7, 2019

It's big growth area is in Asia. It has been a terrific performer lately. They have to invest unearned insurance premiums. With interest rates so low people are afraid. But SLF-T is a growing money management firm and that area is doing better. They raise their dividend regularly.

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It's big growth area is in Asia. It has been a terrific performer lately. They have to invest unearned insurance premiums. With interest rates so low people are afraid. But SLF-T is a growing money management firm and that area is doing better. They raise their dividend regularly.

COMMENT
COMMENT
September 20, 2019
It trades at a premium to the group, but they have more capital deployment opportunities.
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It trades at a premium to the group, but they have more capital deployment opportunities.
COMMENT
COMMENT
September 13, 2019
Zero interest rates are horrendous for insurance companies. SLF-T is trying to become a wealth partner for people into retirement. This would turn them into a fee based business and there has been some success here. He finds other assets, like Canadian banks, easier to understand so he has not entered into this space.
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Zero interest rates are horrendous for insurance companies. SLF-T is trying to become a wealth partner for people into retirement. This would turn them into a fee based business and there has been some success here. He finds other assets, like Canadian banks, easier to understand so he has not entered into this space.
COMMENT
COMMENT
September 11, 2019
Bit of rotation from banks to insurers. High dividend, exposure to Asia-Pacific. Long-term demographics make sense. Low interest rates are a headwind.
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Bit of rotation from banks to insurers. High dividend, exposure to Asia-Pacific. Long-term demographics make sense. Low interest rates are a headwind.
WEAK BUY
WEAK BUY
August 15, 2019
Issue is that interest rates remain low. Has grown asset management franchise. Better global franchise. Bought into alternative asset classes. Insurance business is plodding along. Good dividend yield, not a high multiple. Prefers the banks, but not a bad idea at these levels.
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Issue is that interest rates remain low. Has grown asset management franchise. Better global franchise. Bought into alternative asset classes. Insurance business is plodding along. Good dividend yield, not a high multiple. Prefers the banks, but not a bad idea at these levels.
HOLD
HOLD
August 14, 2019
Insuranace companies make money investing the proceeds of premiums into bonds. If bond yields are low it hurts their profitability. SLF-T has done a good job to diversify their business geographically. He also likes how they have moved into money management. He likes it and will continue holding it. Yield 4%
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Insuranace companies make money investing the proceeds of premiums into bonds. If bond yields are low it hurts their profitability. SLF-T has done a good job to diversify their business geographically. He also likes how they have moved into money management. He likes it and will continue holding it. Yield 4%
HOLD
HOLD
August 12, 2019
All financials are not the same. Insurance companies have been the place to be recently. It's at support. Stick with the insurance companies but perhaps broaden out which ones you are in to avoid execution risk.
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All financials are not the same. Insurance companies have been the place to be recently. It's at support. Stick with the insurance companies but perhaps broaden out which ones you are in to avoid execution risk.
HOLD
HOLD
July 12, 2019
Not a bad stock, it's the best of the life insurers. But he's concerned about the financials in general. In for a more difficult time, as spreads are not conducive to profits. Late in the game to buy. Dividend's not bad. Tariffs could cause interest rates to decline even further.
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Not a bad stock, it's the best of the life insurers. But he's concerned about the financials in general. In for a more difficult time, as spreads are not conducive to profits. Late in the game to buy. Dividend's not bad. Tariffs could cause interest rates to decline even further.
COMMENT
COMMENT
July 3, 2019

MFC-T is the country's biggest life insurance company. He owns Sunlife instead as he feels it is better managed.

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MFC-T is the country's biggest life insurance company. He owns Sunlife instead as he feels it is better managed.

PAST TOP PICK
PAST TOP PICK
June 17, 2019
(A Top Pick May 30/18, Up 3%) He liked it then and likes it even more now. Lifecos are a good defensive play at this time, especially when they are all so well capitalized.
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(A Top Pick May 30/18, Up 3%) He liked it then and likes it even more now. Lifecos are a good defensive play at this time, especially when they are all so well capitalized.
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