Here's Why You Should Hold Sun Life Financial (SLF) Stock

Sun Life Financial Inc. is deserving of being kept in a portfolio due to its SLF growth in mutual fund sales, Hong Kong pension business, company growth, higher new business gains, stable capital position, and efficient capital management.

The $4.90 Zacks Consensus Estimate for 2023 earnings per share is an increase of 6.17% year over year.

In five of the last six quarters, Sun Life has an excellent track record of exceeding profit projections.

With top asset management franchises at MFS and SLC Management, as well as dominant positions in the wealth and insurance markets in Canada, Sun Life is still well-positioned for development in 2022.

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1,700

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54

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Additionally, the transition toward more capital-light industries in the United States as well as the insurer's existing position in lucrative Asian markets could be advantageous over the long term.

Sales in Asia are anticipated to increase as mutual fund sales in India, money market sales in the Philippines, and the pension industry in Hong Kong all develop.

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The Canadian economy is probably going to benefit from company expansion, increased new business profits, and experience-related things.

Sales of life insurance from individual participants and big case group benefits from Sun Life Health should increase.