SLF Stock Summary and Trading Ideas (Sun Life Financial | NYSE:SLF)

Sun Life provides life insurance, retirement, and asset management products to individuals and corporate customers in Canada, the United States, and Asia. The company's investment management business contributes approximately 30% of its adjusted earnings and has around CAD 1 trillion in assets under management as of the fourth quarter of 2023. The Canada business contributes about 35% of adjusted earnings and provides individual life and health insurance, group insurance, retirement services, and wealth management solutions. The U.S. business contributed approximately 22% of earnings and is mainly focused on providing group insurance products and managing the in-force life insurance policies. Finally, the Asia segment contributes around 13% of earnings.

Sun Life Financial trades on the NYSE stock market under the symbol SLF.

As of November 22, 2024, SLF stock price declined to $61.18 with 271,885 million shares trading.

SLF has a beta of 0.67, meaning it tends to be less sensitive to market movements. SLF has a correlation of 0.20 to the broad based SPY ETF.

SLF has a market cap of $35.22 billion. This is considered a Large Cap stock.

In the last 3 years, SLF traded as high as $61.86 and as low as $37.96.

The top ETF exchange traded funds that SLF belongs to (by Net Assets): FVD, DFIC, DFAI, DFAX, PXF.

SLF has underperformed the market in the last year with a return of +26.2%, while SPY returned +32.4%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in SLF shares. However, SLF has outperformed the market in the last 3 month and 2 week periods, returning +16.2% and +3.3%, while SPY returned +7.4% and -0.4%, respectively. This indicates SLF has been having a stronger performance recently.

SLF support price is $60.74 and resistance is $62.00 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SLF shares will trade within this expected range on the day.