Sun Life Financial Inc
SLF: XNYS (USA)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| $55.00 | Tftn | Xwfypjt |
Rising Rates Help but Equity Market Movements Will Impact Sun Life's Outsized Asset Management Unit
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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%.