Brokerages Set Sun Life Financial Inc. (TSE:SLF) PT at C$84.64

Shares of Sun Life Financial Inc. (TSE:SLF - Get Free Report) NYSE: SLF have been given an average recommendation of "Moderate Buy" by the ten ratings firms that are covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is C$84.64.

Several research firms have issued reports on SLF. Scotiabank lifted their target price on Sun Life Financial from C$85.00 to C$96.00 in a research note on Thursday, November 14th. CIBC lifted their price objective on shares of Sun Life Financial from C$90.00 to C$96.00 in a research report on Wednesday, November 13th. Jefferies Financial Group increased their target price on shares of Sun Life Financial from C$90.00 to C$94.00 in a research report on Thursday, November 14th. Royal Bank of Canada lifted their price target on shares of Sun Life Financial from C$78.00 to C$82.00 in a report on Wednesday, November 6th. Finally, Barclays increased their price objective on Sun Life Financial from C$82.00 to C$87.00 in a report on Monday.

Insider Transactions at Sun Life Financial

In related news, Senior Officer Linda Dougherty bought 5,800 shares of the company's stock in a transaction that occurred on Friday, November 15th. The shares were purchased at an average cost of C$84.83 per share, with a total value of C$492,014.00. Also, Director Kevin Strain sold 85,943 shares of Sun Life Financial stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of C$84.71, for a total value of C$7,280,231.53. Company insiders own 0.03% of the company's stock.

Sun Life Financial Stock Down 0.2 %

SLF stock traded down C$0.20 during trading on Tuesday, hitting C$84.21. 1,075,493 shares of the company's stock traded hands, compared to its average volume of 1,182,714. The firm has a market capitalization of C$48.55 billion, a P/E ratio of 15.95, a PEG ratio of 1.33 and a beta of 0.94. Sun Life Financial has a 1 year low of C$64.38 and a 1 year high of C$88.54. The company has a quick ratio of 84,866.00, a current ratio of 65.29 and a debt-to-equity ratio of 53.77. The business has a fifty day simple moving average of C$84.34 and a two-hundred day simple moving average of C$76.37.

Sun Life Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Wednesday, November 27th were issued a $0.84 dividend. The ex-dividend date was Wednesday, November 27th. This is a positive change from Sun Life Financial's previous quarterly dividend of $0.81. This represents a $3.36 dividend on an annualized basis and a dividend yield of 3.99%. Sun Life Financial's dividend payout ratio is currently 61.36%.

Sun Life Financial Company Profile

Sun Life Financial is one of Canada's Big Three life insurance companies along with Great-West Lifeco and Manulife. Sun Life provides insurance, retirement, and wealth-management services to individual and corporate customers in Canada, the United States, and Asia. It also owns MFS Investment Management, a Boston-based asset-management firm.