Sun Life Financial Inc

SLF-T

TSE:SLF

59.06
0.66 (1.13%)
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
PAST TOP PICK
PAST TOP PICK
December 14, 2017

(A Top Pick Feb 3/17. Up 6%.) A good safe dividend payer. Has added to some positions. A well-run company. It will do well in a good economic environment.

(A Top Pick Feb 3/17. Up 6%.) A good safe dividend payer. Has added to some positions. A well-run company. It will do well in a good economic environment.

David Cockfield
Managing Director, Northland Wealth Management
Price
$51.750
Owned
Yes
TOP PICK
TOP PICK
December 6, 2017

He likes this over Manulife (MFC-T), because it is basically flat year-over-year. A good insurance business. Their challenge is their US mutual fund MFF which has had big redemptions, because of everybody going into ETF’s. That seems to have turned now. Expects there will be a dividend increase in 2018 along with better results from MFF. Dividend yield of 3.5%. (Analysts’ price target is $54.)

He likes this over Manulife (MFC-T), because it is basically flat year-over-year. A good insurance business. Their challenge is their US mutual fund MFF which has had big redemptions, because of everybody going into ETF’s. That seems to have turned now. Expects there will be a dividend increase in 2018 along with better results from MFF. Dividend yield of 3.5%. (Analysts’ price target is $54.)

Douglas Kee
Chief Investment Officer, Leon Frazer & Associates
Price
$51.650
Owned
Yes
COMMENT
COMMENT
November 29, 2017

Manulife (MFC-T) or Sun Life (SLF-T)? Insurance companies tend to move up and down with interest rates. If you continue to see the interest rates gradually move up, it will be a positive. ROE’s are decent. Both are benefiting from what is happening in Asia. Both companies are fine.

Manulife (MFC-T) or Sun Life (SLF-T)? Insurance companies tend to move up and down with interest rates. If you continue to see the interest rates gradually move up, it will be a positive. ROE’s are decent. Both are benefiting from what is happening in Asia. Both companies are fine.

Andy Nasr
VP & Investment Strategist, Sentry Investments
Price
$50.890
Owned
Yes
BUY
BUY
November 27, 2017

MFC-T vs. SLF-T. It is a close call. He would have to go with MFC-T because he believes they have more recovery upside. MFC-T has some issues but if they address them they will have more upside.

MFC-T vs. SLF-T. It is a close call. He would have to go with MFC-T because he believes they have more recovery upside. MFC-T has some issues but if they address them they will have more upside.

Teal Linde
Portfolio Manager & Publisher, Linde Equity Report, Linde Equity Report
Price
$50.570
Owned
Unknown
COMMENT
COMMENT
November 10, 2017

Sun Life (SLF-T) or Manulife (MFC-T)? In a slowly rising interest rate environment, both banks and lifecos will benefit, and you want to have representation in both groups. She owns 3 banks and 1 lifeco. Both have done well but her preference would be Manulife because of their Asian exposure.

Sun Life (SLF-T) or Manulife (MFC-T)? In a slowly rising interest rate environment, both banks and lifecos will benefit, and you want to have representation in both groups. She owns 3 banks and 1 lifeco. Both have done well but her preference would be Manulife because of their Asian exposure.

Christine Poole
CEO & Managing Director, GlobeInvest Capital Management
Price
$49.290
Owned
No
COMMENT
COMMENT
November 2, 2017

Buy, Hold or Sell? Doesn't own any insurance companies, as he felt that banks would give him a better rate of return. This pays a nice dividend. He doesn't think rates are going to go up aggressively. They’ve all grown their asset management businesses, and most of them are active, so the passive side has hurt them a great deal. A great company, and could probably be a little more international where there are opportunities.

Buy, Hold or Sell? Doesn't own any insurance companies, as he felt that banks would give him a better rate of return. This pays a nice dividend. He doesn't think rates are going to go up aggressively. They’ve all grown their asset management businesses, and most of them are active, so the passive side has hurt them a great deal. A great company, and could probably be a little more international where there are opportunities.

Paul Harris, CFA
Partner and Portfolio Manager, Harris Douglas Asset Management
Price
$50.170
Owned
No
TOP PICK
TOP PICK
October 25, 2017

Generally in rising interest environments, insurance companies do pretty well. He also owns Manulife which has outperformed Sun Life in the last couple years, mainly due to the stumbles in their MFS subsidiary in the US. The situation with MFS should improve now and expects to see Asset Under Management increase. Not too concerned about fees contraction as he thinks this one has been doing a good job controlling costs. Expects to see much better results and growth coming from their Asian activities and a dividend increase soon.

Generally in rising interest environments, insurance companies do pretty well. He also owns Manulife which has outperformed Sun Life in the last couple years, mainly due to the stumbles in their MFS subsidiary in the US. The situation with MFS should improve now and expects to see Asset Under Management increase. Not too concerned about fees contraction as he thinks this one has been doing a good job controlling costs. Expects to see much better results and growth coming from their Asian activities and a dividend increase soon.

Michael Sprung
President, Sprung Investment Management
Price
$50.440
Owned
Yes
DON'T BUY
DON'T BUY
October 6, 2017

Earnings estimates are expected to be $4.32, a 6% lift. That is positive, but not the kind of 15% growth rate that you are looking for in a Dollarama, etc. A great stable kind of company with a very stable dividend. There are better opportunities elsewhere.

Earnings estimates are expected to be $4.32, a 6% lift. That is positive, but not the kind of 15% growth rate that you are looking for in a Dollarama, etc. A great stable kind of company with a very stable dividend. There are better opportunities elsewhere.

Robert McWhirter
President, Selective Asset Management
Price
$49.900
Owned
Unknown
COMMENT
COMMENT
September 13, 2017

Likes the longer-term outlook, not only for the fact that in a rising rate environment insurance companies tend to benefit, but also in the way they have been able to change their business mix over the years, with an emphasis more on wealth management, pension planning and retirements. They are well positioned in the US. This is a company you can be very comfortable in owning going forward.

Likes the longer-term outlook, not only for the fact that in a rising rate environment insurance companies tend to benefit, but also in the way they have been able to change their business mix over the years, with an emphasis more on wealth management, pension planning and retirements. They are well positioned in the US. This is a company you can be very comfortable in owning going forward.

Michael Sprung
President, Sprung Investment Management
Price
$46.920
Owned
Yes
COMMENT
COMMENT
September 8, 2017

This yields in the same territory as the banks. He likes the distribution of policies and their investments better than Manulife’s (MFC-T). It has had a good run, but now seems to be stuck here. A good safe stock. 3.75% dividend yield.

This yields in the same territory as the banks. He likes the distribution of policies and their investments better than Manulife’s (MFC-T). It has had a good run, but now seems to be stuck here. A good safe stock. 3.75% dividend yield.

David Cockfield
Managing Director, Northland Wealth Management
Price
$46.460
Owned
Yes
TOP PICK
TOP PICK
September 7, 2017

All the lifecos will be benefiting from rising interest rates. The amazing thing with this company is that they were never hurt during the financial crisis and never had to cut their dividend. Trading at 11X earnings. Great presence in the US and India. At this valuation with a rising dividend and excess capital, we are undoubtedly going to see increasing share buybacks. Dividend yield of 3.7%. (Analysts’ price target is $52.)

All the lifecos will be benefiting from rising interest rates. The amazing thing with this company is that they were never hurt during the financial crisis and never had to cut their dividend. Trading at 11X earnings. Great presence in the US and India. At this valuation with a rising dividend and excess capital, we are undoubtedly going to see increasing share buybacks. Dividend yield of 3.7%. (Analysts’ price target is $52.)

Lorne Steinberg
President & Portfolio Manager, Lorne Steinberg Wealth Management Inc
Price
$46.360
Owned
Yes
WAIT
WAIT
August 10, 2017

He prefers Canadian banks over lifecos in Canada. This one has a concern with (MFS), their asset management division, which has continued to see outflows. It is well managed and they put out an okay quarter last night. They missed analysts’ expectations on MFS. Let it check back another dollar or two.

He prefers Canadian banks over lifecos in Canada. This one has a concern with (MFS), their asset management division, which has continued to see outflows. It is well managed and they put out an okay quarter last night. They missed analysts’ expectations on MFS. Let it check back another dollar or two.

Robert Lauzon
Deputy Chief Investment Officer, Middlefield Capital Corporation
Price
$47.730
Owned
Unknown
COMMENT
COMMENT
August 8, 2017

This and Manulife (MFC-T) are both good names, and both have benefited from the anticipated rise in interest rates. They’ve lagged the banks and there is a valuation adjustment that can occur. Prefers Manulife (MFC-T) because of its opportunities in Asia.

This and Manulife (MFC-T) are both good names, and both have benefited from the anticipated rise in interest rates. They’ve lagged the banks and there is a valuation adjustment that can occur. Prefers Manulife (MFC-T) because of its opportunities in Asia.

Lyle Stein
Sr. Portfolio & Managing Director, Vestcap Investment Management
Price
$48.690
Owned
No
COMMENT
COMMENT
July 28, 2017

This had a negative US experience, which he sees turning around in the 2nd half. Just missed on the 2nd quarter. The Asian business is doing well being up 16%. He models them growing earnings at 7% compounded annually over the next couple of years. A little more expensive than Manulife (MFC-T), but coming much closer. Longer-term, this is fine. All things being equal, he would be buying it closer to $45.

This had a negative US experience, which he sees turning around in the 2nd half. Just missed on the 2nd quarter. The Asian business is doing well being up 16%. He models them growing earnings at 7% compounded annually over the next couple of years. A little more expensive than Manulife (MFC-T), but coming much closer. Longer-term, this is fine. All things being equal, he would be buying it closer to $45.

Greg Newman
Director & Portfolio Manager, Scotia Wealth Management
Price
$47.630
Owned
Unknown
PAST TOP PICK
PAST TOP PICK
July 26, 2017

(A Top Pick July 8/16. Up 20.25%.) He still likes this and the distribution of their business. A good, long term stock.

(A Top Pick July 8/16. Up 20.25%.) He still likes this and the distribution of their business. A good, long term stock.

David Cockfield
Managing Director, Northland Wealth Management
Price
$47.610
Owned
Yes
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