Post-World War II ĭuring the post-war period, the company's successful business strategies made it one of Montreal's largest white-collar employers, one of the top corporations in Canada, as well as a global player in the life insurance field. A persistent, but incorrect, rumour is that the Crown Jewels of the United Kingdom were illegally shipped out of the United Kingdom during WWII and stored there was deliberately spread in Montreal to account for increased activity at the building. In World War II, as part of Operation Fish, securities from the United Kingdom were secretly moved to the Sun Life Building for safekeeping. Having begun its first US operations in 1895, the company sold its first group life plan in the U.S. In 1919, it was the first Canadian company to offer group life insurance. However, it now also has significant asset management operations. James Street was taller by several floors, the Sun Life Building was at the time the largest building in terms of square footage anywhere in the British Empire.Ĭhartered in 1865, its traditional base business worldwide remains life insurance. Although the head office of the Royal Bank of Canada on St. Capping a Montreal construction boom that began in the 1920s, the company completed construction of the expansion of its headquarters with its new 26-story headquarters north tower in 1933. The company's original Dominion Square building in Montreal was built in 1918. During the next five decades, the company grew and prospered, surviving the difficulties of World War I and the large drain on its finances through policy claims arising from the large number of deaths caused by the Great Flu Epidemic of 1918. By the end of the 19th century, it had expanded to Central and South America, the United States, the United Kingdom, West Indies, Japan, China, Philippines, India, North Africa and other international markets. However, operations actually began in 1871. History Pre-World War II įounded in Montreal, Quebec, as The Sun Insurance Company of Montreal in 1865 by Matthew Hamilton Gault (1822–1887), an Irish immigrant who settled in Montreal in 1842.
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Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Fresh from a successful repositioning and flush with A-list celeb endorsements, it could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in a little more than 9 months and Nvidia which boomed +175.9% in one year.įree: See Our Top Stock and 4 Runners Up > You know this company from its past glory days, but few would expect that it’s poised for a monster turnaround. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. So, value investors might want to wait for industry trends to turn around in this name first, but once that happens, this stock could be a compelling pick.įrom thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. You can see the consensus estimate trend and recent price action for the stock in the chart below: Sun Life Financial Inc.
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This has had a positive impact on the consensus estimate though as the current year consensus estimate has risen by 19.7% in the past two months, while the full year 2021 estimate has improved by 1.4%. The current year has seen five estimates go higher in the past sixty days compared to three lower, while the full year 2021 estimate has seen three upward revision compared to one downward in the same time period. Meanwhile, the company’s recent earnings estimates have been encouraging. (You can read more about the Zacks Style Scores here > ) This gives SLF a Zacks VGM score - or its overarching fundamental grade - of A. In particular, it is worth noting that the company has a Growth Score of F and a Momentum Score of C. Though Sun Life Financial might be a good choice for value investors, there are plenty of other factors to consider before investing in this name. This makes Sun Life Financial a solid choice for value investors. In aggregate,Sun Life Financial currently has a Zacks Value Score of A, putting it into the top 20% of all stocks we cover from this look. If anything, SLF is in the lower end of its range in the time period from a P/S metric, suggesting some level of undervalued trading-at least compared to historical norms.
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