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

SUN LIFE FINANCIAL INC.

(SLF)
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Sun Life Financial : fourth-quarter profit misses estimates, but set to beat 2015 targets

02/11/2015 | 11:24pm EST
A Sun Life Financial sign is seen outside of their building before their annual general meeting for shareholders in Toronto

TORONTO (Reuters) - Canadian insurer Sun Life Financial reported a much weaker-than-expected fourth-quarter profit on Wednesday, hurt by disappointing earnings from its U.S. group life and disability operations, but said it was on track to exceed its 2015 earnings target.

Net income declined to C$502 million ($398 million), or 81 Canadian cents a share, in the quarter ended Dec. 31.

But underlying net income was 59 Canadian cents a share, far below analysts expectations of 78 Canadian cents.

"It is a pretty meaningful miss, even if negative experience of this magnitude is not indicative of a run rate," CIBC World Markets analyst Robert Sedran said in a note to clients.

"The absence of a dividend increase suggests that the better financial position was trumped by a weak underlying result," he said.

Chief Executive Dean Connor said in a statement the fourth quarter was challenging but that Sun Life was "on track to exceed our 2015 earnings objective."

The insurer said assets under management rose 15 percent from a year earlier to end 2014 to a record C$734.4 billion.

(Reporting by Jeffrey Hodgson; Editing by Grant McCool, Chris Reese and Edwina Gibbs)


© Reuters 2015
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Financials
Sales 2020 38 150 M 29 944 M 29 944 M
Net income 2020 2 532 M 1 987 M 1 987 M
Net Debt 2020 - - -
P/E ratio 2020 14,1x
Yield 2020 3,69%
Capitalization 35 531 M 27 921 M 27 888 M
Capi. / Sales 2020 0,93x
Capi. / Sales 2021 0,97x
Nbr of Employees 22 719
Free-Float 86,4%
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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 64,57 CAD
Last Close Price 60,73 CAD
Spread / Highest target 20,2%
Spread / Average Target 6,33%
Spread / Lowest Target -4,50%
EPS Revisions
Managers and Directors
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
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MANULIFE FINANCIAL CORPORATION8.17%37 447
PRUDENTIAL FINANCIAL, INC.6.14%32 763