RE:Top PickFirst stock in the clip. GLTA
https://www.bnnbloomberg.ca/video/michael-decter-s-top-picks~2779130
Sun Life Financial (SLF TSX) We like Sun-life given its peer-leading adjusted return on equity, which we feel has some room to move above the firm’s 18 per cent + medium-term target next year with the help of a recently announced three per cent buyback. Its return on equity target could also get a boost from its wealth business as it could have some room to move higher still. In terms of financials, the company has a very strong capital position with $2 billion of cash at the Holdco, which will give much optionality and flexibility. Finally, the company ranks at a lower risk profile than peers, with an over-emphasis on capital-light businesses including wealth and a U.S. group benefits business that reprices annually. As a result, we feel SLF is a well-positioned insurance name. TOP PICK
Sun Life Financial Inc(SLF-T)
03/10/2023
Likes their ROE which will grow above target, their 3% buyback and strong capital position of $2 billion cash. Less risky than its peers.
(Analysts’ price target is $73.10)
Insurance
Michael Decter
$64.22
Owned