Sun Life Financial (TSE:SLF) Given New C$85.00 Price Target at Cormark

Sun Life Financial (TSE:SLF - Free Report) NYSE: SLF had its price objective increased by Cormark from C$82.00 to C$85.00 in a report released on Tuesday, BayStreet.CA reports.

SLF has been the subject of a number of other reports. Royal Bank of Canada increased their price target on shares of Sun Life Financial from C$76.00 to C$78.00 and gave the company an "outperform" rating in a report on Wednesday, August 14th. Barclays set a C$76.00 price target on shares of Sun Life Financial and gave the company an "equal weight" rating in a report on Thursday, September 5th. National Bankshares raised their price objective on shares of Sun Life Financial from C$72.00 to C$73.00 and gave the stock a "sector perform" rating in a report on Tuesday, August 13th. CIBC upped their target price on shares of Sun Life Financial from C$80.00 to C$90.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Finally, Jefferies Financial Group raised their price target on shares of Sun Life Financial from C$81.00 to C$89.00 and gave the stock a "buy" rating in a research note on Wednesday, October 16th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of C$81.00.

Sun Life Financial Stock Performance

Shares of TSE:SLF traded up C$2.49 during trading on Tuesday, reaching C$79.94. The stock had a trading volume of 3,295,694 shares, compared to its average volume of 2,035,891. The company has a quick ratio of 84,866.00, a current ratio of 65.29 and a debt-to-equity ratio of 53.77. The stock has a fifty day simple moving average of C$76.93 and a two-hundred day simple moving average of C$71.57. The firm has a market capitalization of C$46.08 billion, a price-to-earnings ratio of 15.14, a P/E/G ratio of 1.33 and a beta of 0.94. Sun Life Financial has a 52 week low of C$64.38 and a 52 week high of C$80.82.

Sun Life Financial (TSE:SLF - Get Free Report) NYSE: SLF last released its earnings results on Monday, August 12th. The financial services provider reported C$1.71 earnings per share for the quarter, topping analysts' consensus estimates of C$1.58 by C$0.13. The firm had revenue of C$8.92 billion during the quarter, compared to analyst estimates of C$9.18 billion. Sun Life Financial had a net margin of 9.90% and a return on equity of 13.65%. As a group, analysts anticipate that Sun Life Financial will post 6.9230769 earnings per share for the current fiscal year.

Sun Life Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Wednesday, November 27th will be given a $0.84 dividend. This is an increase from Sun Life Financial's previous quarterly dividend of $0.81. This represents a $3.36 annualized dividend and a yield of 4.20%. Sun Life Financial's payout ratio is presently 61.36%.

Insiders Place Their Bets

In related news, Senior Officer Daniel Fishbein sold 15,999 shares of Sun Life Financial stock in a transaction dated Friday, August 16th. The stock was sold at an average price of C$71.40, for a total value of C$1,142,323.80. In related news, Senior Officer Daniel Fishbein sold 15,999 shares of the firm's stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of C$71.40, for a total value of C$1,142,323.80. Also, Senior Officer Linda Dougherty sold 2,000 shares of the stock in a transaction on Thursday, September 12th. The shares were sold at an average price of C$75.30, for a total value of C$150,590.00. Insiders own 0.03% of the company's stock.

About Sun Life Financial

Sun Life Financial Inc, a financial services company, provides savings, retirement, and pension products worldwide. The company operates in five segments: Asset Management, Canada, U.S., Asia, and Corporate. It offers various insurance products, such as term and permanent life; personal health, which includes prescription drugs, dental, and vision care; critical illness; long-term care; and disability, as well as reinsurance.