Sun Life Financial Inc. (TSE:SLF) Receives Average Rating of "Moderate Buy" from Brokerages

Sun Life Financial Inc. (TSE:SLF - Get Free Report) NYSE: SLF has earned an average recommendation of "Moderate Buy" from the ten ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is C$87.00.

Several research analysts have recently issued reports on the company. Cormark raised Sun Life Financial from a "hold" rating to a "moderate buy" rating in a research note on Thursday, February 13th. Royal Bank of Canada set a C$82.00 target price on shares of Sun Life Financial and gave the company an "outperform" rating in a research report on Monday, March 17th. National Bankshares lowered their target price on shares of Sun Life Financial from C$95.00 to C$93.00 and set an "outperform" rating on the stock in a research note on Thursday, February 13th. Barclays boosted their price target on shares of Sun Life Financial from C$82.00 to C$87.00 in a research report on Monday, January 6th. Finally, CIBC decreased their price objective on shares of Sun Life Financial from C$95.00 to C$94.00 and set an "outperform" rating for the company in a report on Tuesday, February 25th.

Sun Life Financial Stock Performance

Shares of TSE SLF traded down C$0.69 during midday trading on Friday, hitting C$81.59. 461,067 shares of the company's stock were exchanged, compared to its average volume of 2,459,581. Sun Life Financial has a twelve month low of C$64.38 and a twelve month high of C$88.54. The firm has a market cap of C$46.60 billion, a P/E ratio of 12.31, a PEG ratio of 1.33 and a beta of 0.94. The stock's 50 day moving average price is C$81.47 and its 200-day moving average price is C$81.46. The company has a debt-to-equity ratio of 26.00, a current ratio of 92.19 and a quick ratio of 84,866.00.

Sun Life Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 31st will be issued a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a dividend yield of 4.12%. The ex-dividend date is Wednesday, February 26th. Sun Life Financial's payout ratio is 48.87%.

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.