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Stock SymbolSun Life Financial Inc (SLF-T)
Source of InformationMarket Call (BNN TV)
T.V. Program Date2017-03-17

He likes the insurance companies in this environment. Life insurance companies tend to do particularly well in any sort of rising interest rate environment. This has significant operations, not only in Canada, but also in the US, UK and Asia. Very well positioned to increase their ROE over the next couple of years. They have a target of 12%-14% ROE, which he believes they’ll be able to achieve. Dividend yield of 3.4%. (Analysts’ price target is $54.)

Price (as of program date)$49.270
Implied Signal
$ Goal
ExpertMichael Sprung
Expert's BiasCAUTIOUS
Own or RelationshipYes