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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?


To: Goose94 who wrote (122148)2/9/2023 10:43:01 AM
From: Goose94Read Replies (1) | Respond to of 202275
 
Fun Life Financial (SLF-T) nine month high



To: Goose94 who wrote (122148)10/3/2023 6:15:21 PM
From: Goose94Read Replies (2) | Respond to of 202275
 
Fun Life Financial (SLF-T) top pick from Michael Decter on BNN.ca Market Call Tuesday October 3rd @ 1200ET

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.