Sun Life Financial, Inc. (NYSE: SLF) disclosed that its division Sun Life Vietnam Insurance Company Limited has started a 15-year partnership contract with Asia Commercial Joint Stock Bank (ACB). The bancassurance partnership will be commenced from January 1, 2021. This partnership will allow life insurance solutions of Sun Life Vietnam to combine with the distribution network of ACB.
Bancassurance partnership will increase the distribution capabilities of Sun Life and help the company to establish its footprint in Asia. This deal will provide an opportunity to the Vietnam consumers to get lifetime financial security. Sun Life Vietnam has earlier disclosed that it has got a sales growth of 47% over the period of 12-months ending September 30, 2020.
Sun Life Financial Inc. (SLF) has seen some recent volatility in the market and its common shares finished trading at $45.31 yesterday. People are starting to take notice of SLF as the common shares traded as high as $45.59 and as low as $44.77 in the last trading session.
Sun Life Financial Inc. (SLF) average trading volume is 496.66K. However, in the last trading session Sun Life Financial Inc. (SLF) traded 427,481 shares. The 1st support level on SLF is $44.95 and the 1st upside resistance level on SLF is $45.90. SLF fifty day moving average is $42.18 and SLF 200day moving average is $39.41.
Sun Life Financial Inc. (SLF) current performance has been specified by the recent movement in SLF common shares. SLF has performed 9.68% over the past month, SLF has performed 6.86% over the past 3 months and SLF has shown -1.67% over the past 1 year. Sun Life Financial Inc. (SLF) has a 1 year range of $24.37 to $50.13. Sun Life Financial Inc. (SLF) is trading 85.93% from its 1 year low and -9.62% from its 1 year high. Sun Life Financial Inc. (SLF) is displaying a 0.31% short float displaying the sum short in the float.
SLF has 585.00M shares outstanding and 584.64M shares in the float. Sun Life Financial Inc. (SLF) presently has a market cap of $26.74B and an income of 1.81B. The EPS next quarter for SLF is 1.05 and the forecasted EPS next year is 8.32%. The market cap of Sun Life Financial Inc. (SLF) at $26.74B signifies how many People own shares of SLF and is based off the last price ($45.31) of SLF and the sum of shares outstanding (585.00M) with Sun Life Financial Inc. (SLF).
Sun Life Financial Inc. (SLF) has an aggregate debt/equity (mrq) is 17.57. SLF is trading 6.23% above (bullish) its SMA20, 8.17% above (bullish) its SMA50 and 16.91% above (bullish) its SMA200.