Sun Life Financial Inc. (TSE:SLF - Get Free Report) NYSE: SLF shares hit a new 52-week low during trading on Monday . The stock traded as low as C$0.01 and last traded at C$81.75, with a volume of 2796643 shares. The stock had previously closed at C$80.46.
Wall Street Analyst Weigh In
A number of brokerages recently commented on SLF. TD Securities upped their price objective on Sun Life Financial from C$81.00 to C$87.00 and gave the stock a "hold" rating in a research note on Thursday, November 14th. Jefferies Financial Group upped their price target on shares of Sun Life Financial from C$90.00 to C$94.00 in a research note on Thursday, November 14th. Scotiabank decreased their target price on Sun Life Financial from C$98.00 to C$94.00 in a research note on Friday, February 14th. CIBC dropped their price target on Sun Life Financial from C$95.00 to C$94.00 and set an "outperform" rating on the stock in a report on Tuesday, February 25th. Finally, National Bankshares decreased their target price on shares of Sun Life Financial from C$95.00 to C$93.00 and set an "outperform" rating for the company in a 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 assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of C$87.00.
Check Out Our Latest Research Report on Sun Life Financial
Sun Life Financial Price Performance
The firm has a market cap of C$45.63 billion, a P/E ratio of 12.05, a PEG ratio of 1.33 and a beta of 0.94. The business has a fifty day moving average of C$82.58 and a 200 day moving average of C$80.75. 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 Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 31st will be given a dividend of $0.84 per share. The ex-dividend date is Wednesday, February 26th. This represents a $3.36 dividend on an annualized basis and a yield of 4.21%. Sun Life Financial's dividend payout ratio is currently 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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