Sun Life Finl Stock Price, News & Analysis

Sun Life Financial Inc. (TSX: SLF) has successfully completed the redemption of its outstanding $350 million principal amount of Series 2016-1 Subordinated Unsecured 3.10% Fixed/Floating Debentures. This move is part of the company's strategy to manage its capital structure efficiently. As of December 31, 2020, Sun Life reported total assets under management of $1,247 billion, highlighting its robust financial position. The company operates in numerous global markets, providing a wide range of financial services.

Sun Life executives will participate in the virtual RBC Capital Markets Global Environmental, Social and Governance Conference on February 24 and 26, 2021. Helena Pagano will speak on Building a Diverse and Inclusive Workforce at 12 p.m. ET on February 24. On February 26 at 11 a.m. ET, Kevin Strain and Melissa Kennedy will discuss sustainability strategies. Live webcasts can be accessed via sunlife.com/RBCESGconference2021, with archives available post-event. Sun Life manages $1,247 billion in assets and trades under the ticker symbol SLF.

Sun Life Financial Inc. (TSX: SLF) declared a dividend of $0.55 per share on common shares, payable on March 31, 2021, to shareholders of record by the close of business on March 1, 2021. This remains consistent with the previous quarter's payout. Additionally, dividends for Class A Non-Cumulative Preferred Shares have also been announced, with varying amounts ranging from $0.093637 to $0.296875 per share, all payable on the same date. These dividends are designated as eligible dividends under the Canadian Income Tax Act.

Sun Life Financial Inc. (SLF) reported a fourth-quarter net income of $744 million, a 3% increase from the previous year, and an underlying net income of $862 million, up 9%. For 2020, total net income was $2.4 billion, with underlying net income reaching $3.2 billion and assets under management growing to $1.25 trillion. Despite a decline in Canadian insurance and wealth sales, U.S. medical stop-loss business and Asia wealth sales showed growth. The company expanded its bancassurance partnerships in Vietnam and completed acquisitions in alternative investments.

Sun Life Financial Inc. (TSX: SLF) will release its Q4 2020 financial results on February 10, 2021, after market close. Following this, the earnings conference call will occur the next day at 10:00 a.m. ET. Investors can access the live webcast and presentation materials via the company's website. A telephone listening option is available for North America and international participants. A replay will be accessible from the same day until February 25, 2021. With assets under management totaling $1,186 billion as of September 30, 2020, Sun Life operates in numerous global markets.

Dan Fishbein, M.D., president of Sun Life U.S., has been appointed to the Boston University School of Medicine's Dean's Advisory Board. In this role, Fishbein will advise on curriculum, professionalism, and industry partnerships while promoting health and wellness initiatives. Fishbein's extensive background in managed care and health plans will support BUSM's mission of educating new physicians and conducting research. He also plans to contribute to the M.D./MBA program and scholarship funds aimed at increasing diversity in medicine.

Sun Life Financial Inc. (TSX: SLF, NYSE: SLF) has completed a 51% majority stake acquisition of Crescent Capital Group LP, a prominent global alternative credit manager with approximately US$29 billion (C$39 billion) in assets under management as of September 30, 2020. The deal, which enhances Sun Life's SLC Management's offerings in alternative credit, includes provisions for Crescent's equity holders to retain certain interests and a potential transfer of remaining interests by the end of 2026. Crescent will maintain its brand and operational independence.