Sun Life Financial Inc
SLF: XTSE (CAN)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| CAD 89.00 | Tdmy | Fbgztlh |
Rising Rates Help but Equity Market Movements Will Impact Sun Life's Outsized Asset Management Unit
/s3.amazonaws.com/arc-authors/morningstar/5fe9ddf2-0963-4604-b5ab-86494761b179.jpg)
Business Strategy and Outlook
Following the 2008-09 financial crisis, Sun Life made several positive changes to its business operations, most notably selling its lagging U.S. life insurance and annuities business. Sun Life’s medium-term objectives include underlying EPS growth of 8%-10%, underlying return on equity of 12%-14%, and a dividend payout rate of 40%-50%.