Sun Life Financial (TSE:SLF) Price Target Lowered to C$90.00 at Jefferies Financial Group

Sun Life Financial (TSE:SLF - Free Report) NYSE: SLF had its price target reduced by Jefferies Financial Group from C$96.00 to C$90.00 in a research note released on Monday morning,BayStreet.CA reports.

Other equities research analysts have also issued reports about the stock. Scotiabank decreased their price target on shares of Sun Life Financial from C$98.00 to C$94.00 in a report on Friday, February 14th. National Bank Financial upgraded shares of Sun Life Financial from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, January 14th. Royal Bank of Canada set a C$82.00 price target on shares of Sun Life Financial and gave the stock an "outperform" rating in a report on Tuesday, April 15th. Barclays increased their price target on Sun Life Financial from C$85.00 to C$87.00 in a research note on Friday, April 11th. Finally, Cormark upgraded Sun Life Financial from a "hold" rating to a "moderate buy" rating in a research report on Thursday, February 13th. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of C$86.60.

Sun Life Financial Price Performance

TSE:SLF traded up C$0.03 during trading hours on Monday, hitting C$80.30. The company's stock had a trading volume of 96,832 shares, compared to its average volume of 2,197,154. Sun Life Financial has a twelve month low of C$64.38 and a twelve month high of C$88.54. 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. The stock has a fifty day simple moving average of C$79.44 and a 200-day simple moving average of C$81.89. The company has a market capitalization of C$45.87 billion, a P/E ratio of 12.11, a PEG ratio of 1.33 and a beta of 0.94.

Sun Life Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 31st were paid a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date was Wednesday, February 26th. Sun Life Financial's dividend payout ratio is currently 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.