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Sun Life Financial Inc T.SLF.P.H


Primary Symbol: T.SLF Alternate Symbol(s):  SUNFF | SLFIF | SNLIF | SLF | T.SLF.PR.C | T.SLF.PR.D | T.SLF.PR.E | T.SLF.PR.G | T.SLF.PR.H | T.SLF.PR.J | T.SLF.PR.K | SNLFF

Sun Life Financial Inc. is a Canada-based international financial services company, which offers asset management, wealth, insurance and health solutions to individual and institutional clients. Its segments include Canada, United States (U.S.), Asset Management, Asia, and Corporate. The Canada segment provides protection, health, asset management and wealth solutions. It also offers a premier health and wellness virtual care platform. The U.S. segment provides employee and government benefits in the United States. Its business units include group benefits, dental and in-force management. The Asset Management business group includes MFS and SLC Management. MFS is an asset manager offering a comprehensive selection of financial products and services. The Asia segment consists of two business units: Local Markets and International Hubs. It has operations in a number of markets worldwide, including Canada, the United States, the United Kingdom, Ireland, Hong Kong, India and others.


TSX:SLF - Post by User

Post by retiredcfon Sep 29, 2023 6:36am
136 Views
Post# 35661018

Analyst Comment

Analyst CommentBottom line, this rating is only related to Bushell's comparison of these companies. CM was never in the mix and he prefers banks to life insurance companies. GLTA

DON'T BUY
Sun Life Financial Inc(SLF-T)
28/09/2023
 
SLF vs. TD vs. CM
All of the interest sensitives have been under pressure the last couple of months with rates rising.
 
He favours TD. Tightly regulated oligopoly, and a levered play on the growth of the Canadian, and increasingly US, economy. Surplus of excess capital. 10x earnings. Dominant personal and commercial banking franchise. Good-sized banking presence in the US. Shares are at a discount to average. Close to 5% yield, growing at 8% compound over 10 years.
 
Valuation and yield of SLF are similar to TD. But TD's competitive position in its industry is more advantageous than SLF.
 
Compared to CM, TD is more of a scale player with a stronger franchise on both sides of the border on its core banking business.
Insurance

Ryan Bushell
$66.030
No
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