Sagicor Financial Company Ltd. (TSE:SFC - Free Report) - Equities research analysts at National Bank Financial raised their FY2024 earnings estimates for shares of Sagicor Financial in a report issued on Monday, November 18th. National Bank Financial analyst G. Dechaine now anticipates that the company will post earnings per share of $0.82 for the year, up from their prior estimate of $0.29. The consensus estimate for Sagicor Financial's current full-year earnings is $0.96 per share.
A number of other brokerages have also issued reports on SFC. Royal Bank of Canada cut their price target on shares of Sagicor Financial from C$9.00 to C$8.50 and set an "outperform" rating on the stock in a research note on Tuesday, August 20th. Scotiabank reduced their target price on shares of Sagicor Financial from C$10.00 to C$9.00 and set an "outperform" rating on the stock in a report on Friday, August 16th.
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Sagicor Financial Price Performance
Shares of TSE SFC opened at C$6.30 on Thursday. The company has a fifty day moving average price of C$5.99. Sagicor Financial has a twelve month low of C$5.40 and a twelve month high of C$7.41. The firm has a market capitalization of C$888.74 million, a PE ratio of 1.41 and a beta of 0.20.
Insider Activity at Sagicor Financial
In other news, Director Alan Kenneth Ryder purchased 10,000 shares of the firm's stock in a transaction that occurred on Monday, September 30th. The stock was bought at an average price of C$5.57 per share, for a total transaction of C$55,700.00. Over the last three months, insiders purchased 15,000 shares of company stock worth $84,750. Company insiders own 34.21% of the company's stock.
Sagicor Financial Company Profile
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Sagicor Financial Company Ltd., together with its subsidiaries, provides insurance products and related financial services in Jamaica, Barbados, Trinidad, Tobago, other Caribbean region, and the United States. It operates through three segments: Sagicor Jamaica, Sagicor Life, and Sagicor Life USA. The company offers life and health insurance products; employee benefits, including group health and group life benefits; and annuities, asset management, and property and casualty insurance.
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