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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Sun Life Financial Inc.    SLF   CA8667961053

SUN LIFE FINANCIAL INC.

(SLF)
  Report
End-of-day quote. End-of-day quote Toronto Stock Exchange - 11/26
58.67 CAD   -0.41%
08:55aSUN LIFE FINANCIAL : named Canada's Most Respected Life Insurance Company
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11/25Canada's TSX to hit record high in 2021 on likely vaccine rollout
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11/24SUN LIFE FINANCIAL INC. : Ex-dividend day for
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SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsAnalyst Recommendations

Sun Life Financial : buying majority stake in U.S. investment manager Crescent Capital

10/22/2020 | 08:45am EST

TORONTOSun Life Financial Inc. has signed a deal to acquire a majority stake in Crescent Capital Group LP in an agreement worth up to $450 million.

Under the deal, Sun Life will acquire a 51 per cent stake in the alternative credit investment manager for an upfront payment of $370 million and up to an additional $80 million, based on the achievement of certain milestones.

Sun Life also says it has committed to co-invest up to approximately $1 billion in Crescent's investment strategies.

Crescent is focused on mezzanine debt, middle market direct lending in the U.S. and Europe, high-yield bonds and broadly syndicated loans.

The firm, which is based in Los Angeles, had approximately $38 billion in assets under management as of June 30.

It is expected to continue operating independently under its current leadership.

This report by The Canadian Press was first published Oct. 22, 2020.

Companies in this story: (TSX:SLF)

© 2020 The Canadian Press. All rights reserved., source Canadian Press DataFile

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Financials
Sales 2020 38 113 M 29 270 M 29 270 M
Net income 2020 2 506 M 1 925 M 1 925 M
Net Debt 2020 - - -
P/E ratio 2020 13,9x
Yield 2020 3,80%
Capitalization 34 456 M 26 499 M 26 461 M
Capi. / Sales 2020 0,90x
Capi. / Sales 2021 0,95x
Nbr of Employees 22 719
Free-Float 86,3%
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Technical analysis trends SUN LIFE FINANCIAL INC.
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 61,86 CAD
Last Close Price 58,91 CAD
Spread / Highest target 15,4%
Spread / Average Target 5,00%
Spread / Lowest Target -3,24%
EPS Revisions
Managers
NameTitle
Dean A. Connor President & Chief Executive Officer & Director
William D. Anderson Chairman
Kevin D. Strain Chief Financial Officer & Executive Vice President
Stevan Lewis Chief Technology Officer & Senior Vice President
Laura Money Chief Information Officer & EVP
Sector and Competitors
1st jan.Capitalization (M$)
SUN LIFE FINANCIAL INC.-0.51%26 499
AXA-20.87%56 403
METLIFE, INC.-6.30%42 982
PRUDENTIAL PLC-15.77%42 451
MANULIFE FINANCIAL CORPORATION-14.34%33 164
AFLAC INCORPORATED-13.78%32 039