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SLF.N

ISIN: CA8667961053
SEDOL: 2568283

Rating:

SELL

Target Price:

11.82 USD

Investment Horizon:

6 to 12 months
8th May 2009 View Report   Download

1Q 09 News Alert

Sun Life Financial Inc.'s (Sun Life) 1Q 09 adjusted1 top-line was above our expectations. Moreover, the company’s net loss was lower than our expectation during the quarter. Considering strong premium growth and positive net investment income, which exceeded our expectations, we are likely to revise our estimates and target price upwards for the Sun Life common stock. Moreover, we believe that the company is sufficiently fundamentally strong to withstand the…

13th Mar 2009 View Report   Download

Company News Alert

Sun Life Financial Inc.’s (Sun Life) common stock price reached our target on 12 March 2009. The increase in price reflects an improvement in financial markets and renewed optimism regarding the company’s capital position. However, at current levels, we believe that the company’s fundamental upside potential has been exhausted. Therefore, we downgrade the common stock from a BUY to a HOLD. We will reassess the common stock rating for Sun Life after the company announces its…

10th Mar 2009 View Report   Download

4Q 08 & FY 2008 Update Report

Forecast contraction in the economies from which the company generates the majority of its premiums (Canada, the US and the UK) and global financial market meltdown are expected to continue to impact performance in the near to medium term. On 27 February 2009, A.M. Best downgraded the core life insurance subsidiaries of Sun Life’s financial strength rating from A++ to A+ and its issuer credit rating from aa+ to aa, primarily…

24th Feb 2009 View Report   Download

Company News Alert

Sun Life Financial Inc.’s (Sun Life) common stock price has declined significantly since our last update report, reflecting broad-based weakness in global financial markets and its impact on insurance stocks, and is in line with the performance of the Canadian financial market. Furthermore, on 17 February 2009, Standard & Poor’s placed Sun Life and its subsidiaries’ ratings on credit watch with negative implications…

13th Feb 2009 View Report   Download

4Q 08 & FY 2008 News Alert

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Sun Life Financial Inc.’s (Sun Life) 4Q 08 adjusted top-line was above our expectation. Although the company registered a net profit in the quarter, on an adjusted basis, Sun Life’s net loss exceeded market expectations. However, the company reported strong y-o-y premium growth, which exceeded our expectation. Moreover, we believe that the company is…