Sun Life Financial Inc. (TSE:SLF - Get Free Report) NYSE: SLF reached a new 52-week low during trading on Monday . The company traded as low as C$15.81 and last traded at C$76.51, with a volume of 793423 shares. The stock had previously closed at C$77.55.
Analysts Set New Price Targets
A number of research firms have weighed in on SLF. National Bank Financial upgraded shares of Sun Life Financial from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 14th. National Bankshares decreased their price target on shares of 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. Cormark upgraded shares of Sun Life Financial from a "hold" rating to a "moderate buy" rating in a research report on Thursday, February 13th. Royal Bank of Canada set a C$82.00 target price on Sun Life Financial and gave the stock an "outperform" rating in a research note on Monday, March 17th. Finally, Scotiabank reduced their price target on Sun Life Financial from C$98.00 to C$94.00 in a research report on Friday, February 14th. Two investment 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 stock. According to data from MarketBeat.com, Sun Life Financial presently has an average rating of "Moderate Buy" and an average target price of C$87.00.
View Our Latest Report on SLF
Sun Life Financial Price Performance
The stock has a market capitalization of C$43.97 billion, a P/E ratio of 11.61, a price-to-earnings-growth ratio of 1.33 and a beta of 0.94. The stock has a 50 day moving average of C$80.06 and a 200-day moving average of C$81.88. The company has a current ratio of 92.19, a quick ratio of 84,866.00 and a debt-to-equity ratio of 26.00.
Sun Life Financial Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 31st were given a $0.84 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $3.36 annualized dividend and a dividend yield of 4.36%. Sun Life Financial's payout ratio is presently 48.87%.
About Sun Life Financial
(
Get Free Report)
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.
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