Sun Life Financial Inc. Stock Analysis – Less volatile than its largest Canadian counterpart

Summary

  • Sun Life’s medium term objectives are 8 – 10% EPS growth, 12 – 14% ROE, and a 40 – 50% dividend payout ratio.
  • SLF is more of “steady as she goes” type of investment with a moderate level of potential capital appreciation.
  • I view SLF as a less volatile long-term investment than its largest publicly traded competitor (Manulife Financial).
  • This long economic expansion is now into its 9th year. Typically, expansion ends from a Fed tightening cycle. SLF could be suitable for you if you want to adopt a cautious approach.

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