Sun Life Financial Inc. (TSE:SLF - Get Free Report) NYSE: SLF has been assigned an average recommendation of "Moderate Buy" from the ten brokerages that are currently covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is C$87.00.
A number of research analysts have issued reports on SLF shares. Cormark raised shares of Sun Life Financial from a "hold" rating to a "moderate buy" rating in a research note on Thursday, February 13th. National Bankshares cut their price target on Sun Life Financial from C$95.00 to C$93.00 and set an "outperform" rating on the stock in a report on Thursday, February 13th. Barclays increased their price objective on Sun Life Financial from C$82.00 to C$87.00 in a report on Monday, January 6th. Scotiabank cut their target price on Sun Life Financial from C$98.00 to C$94.00 in a research note on Friday, February 14th. Finally, National Bank Financial upgraded Sun Life Financial from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 14th.
Read Our Latest Research Report on SLF
Sun Life Financial Stock Performance
SLF stock traded up C$0.09 during mid-day trading on Friday, reaching C$82.28. The company had a trading volume of 652,856 shares, compared to its average volume of 2,494,595. The stock's 50-day simple moving average is C$81.47 and its two-hundred day simple moving average is C$81.46. The stock has a market capitalization of C$47.00 billion, a P/E ratio of 12.41, a P/E/G ratio of 1.33 and a beta of 0.94. The company has a quick ratio of 84,866.00, a current ratio of 92.19 and a debt-to-equity ratio of 26.00. Sun Life Financial has a one year low of C$64.38 and a one year high of C$88.54.
Sun Life Financial Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 31st will be paid a dividend of $0.84 per share. The ex-dividend date is Wednesday, February 26th. This represents a $3.36 annualized dividend and a yield of 4.08%. Sun Life Financial's dividend payout ratio is currently 48.87%.
About Sun Life Financial
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Get Free ReportSun 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.
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