Sun Life Finl Stock Price, News & Analysis

Sun Life Financial (TSX: SLF) has filed a draft red herring prospectus for the initial public offering (IPO) of its India joint venture, Aditya Birla Sun Life AMC Limited (ABSLAMC). This IPO aims to sell up to 36,029,120 shares, equating to approximately 12.5% of ABSLAMC's paid-up capital, contributing to a public float of 13.5%. ABSLAMC is India's fourth largest asset management company by assets under management, with Sun Life holding a 49% indirect stake. The IPO is contingent upon market conditions and regulatory approvals.

Sun Life U.S. has partnered with Bentley University as the inaugural corporate sponsor for the FirstGen Presidential Fellows program, aimed at aiding first-generation college students. A $100,000 scholarship fund will support two fellows for their four years. The program includes mentoring and leadership experiences, fostering diversity and inclusion.

Sun Life aims to enhance its workforce with diverse candidates while Bentley focuses on increasing student diversity. Students will be notified of their scholarships by Spring 2021.

On March 31, 2021, Sun Life and the Boston Celtics concluded their Fit to Win program, a four-week virtual health initiative aimed at children from YMCA locations in Greater Boston, Hartford, and Southern Maine. The program saw kids from grades 3 to 6 participate in fitness routines and mindfulness practices while learning about nutrition. Nearly 450 Sun Life employees also engaged in the initiative. New this year were virtual nutrition workshops, funded by the Celtics and Sun Life, which provided grocery gift cards and healthy cooking lessons.

Sun Life Financial Inc. (TSX: SLF) has announced that its Annual Meeting of shareholders and the Annual Meeting of voting policyholders will be held virtually on May 5, 2021, at 5 p.m. (Toronto time). This decision is made to prioritize health during the COVID-19 pandemic. Shareholders will have the opportunity to participate online, submit questions, and vote on key matters. Additionally, nominations for Directors Deepak Chopra and David H. Y. Ho have been announced for election. The Company’s 2020 Annual Report and related meeting documents are now available online.

Sun Life Financial Inc. (TSX: SLF) hosted SLC Management Investor Day, outlining its strategy for growth and future objectives. By 2025, SLC Management aims to achieve $225 billion in assets under management, $225 million in underlying net income, and an operating margin of 30-35%. SLC Management currently manages $145 billion in assets and aims to further leverage its capabilities while maintaining a focus on sustainability, having acquired six firms since 2014. The company emphasizes aligning strategies with its institutional clients for mutual growth and diversification.

Kevin Strain, President and CFO of Sun Life, will speak at the National Bank Financial Markets 19th Annual Financial Services Conference on March 25, 2021. During a virtual fireside chat with Gabriel Dechaine, Strain will discuss Sun Life's recent performance and insights from COVID-19, as well as the company's future growth strategy. The event starts at 10:55 a.m. ET, and a live webcast will be available on Sun Life's website. Archived access will follow.

Sun Life Financial Inc. (TSX: SLF) will host an Investor Day for SLC Management on March 18, 2021, at 9:00 a.m. ET. The event aims to update stakeholders on the firm’s strategic direction through presentations by SLC Management executives. Interested parties can access the live webcast here ten minutes before the event. As of December 31, 2020, SLC Management had C$303 billion (US$238 billion) in assets under management, contributing to Sun Life's total assets of C$1,247 billion.