Sun Life Financial Inc. (TSE:SLF - Get Free Report) NYSE: SLF passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$71.12 and traded as high as C$78.60. Sun Life Financial shares last traded at C$78.52, with a volume of 631,908 shares traded.
Wall Street Analyst Weigh In
SLF has been the topic of several analyst reports. National Bankshares lifted their price target on shares of Sun Life Financial from C$72.00 to C$73.00 and gave the company a "sector perform" rating in a report on Tuesday, August 13th. Jefferies Financial Group raised their price target on shares of Sun Life Financial from C$81.00 to C$89.00 and gave the company a "buy" rating in a report on Wednesday, October 16th. Royal Bank of Canada raised their price objective on Sun Life Financial from C$76.00 to C$78.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 14th. Evercore decreased their price target on Sun Life Financial from C$76.00 to C$75.00 in a report on Thursday, July 11th. Finally, TD Securities reduced their price target on Sun Life Financial from C$73.00 to C$72.00 and set a "hold" rating for the company in a report on Tuesday, August 13th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of C$76.82.
Get Our Latest Analysis on SLF
Sun Life Financial Trading Up 0.1 %
The company has a market capitalization of C$45.33 billion, a price-to-earnings ratio of 14.89, a price-to-earnings-growth ratio of 1.33 and a beta of 0.94. The business has a fifty day moving average price of C$75.52 and a 200 day moving average price of C$71.12. The company has a debt-to-equity ratio of 53.77, a current ratio of 65.29 and a quick ratio of 84,866.00.
Sun Life Financial (TSE:SLF - Get Free Report) NYSE: SLF last issued its quarterly earnings data on Monday, August 12th. The financial services provider reported C$1.71 EPS for the quarter, topping analysts' consensus estimates of C$1.58 by C$0.13. Sun Life Financial had a net margin of 9.90% and a return on equity of 13.65%. The firm had revenue of C$8.92 billion for the quarter, compared to analyst estimates of C$9.18 billion. On average, equities analysts expect that Sun Life Financial Inc. will post 6.9230769 EPS for the current fiscal year.
Sun Life Financial Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Wednesday, August 28th were given a dividend of $0.81 per share. This represents a $3.24 annualized dividend and a dividend yield of 4.12%. The ex-dividend date was Wednesday, August 28th. Sun Life Financial's dividend payout ratio (DPR) is 61.36%.
Insider Activity
In other news, Director Stephanie Coyles purchased 500 shares of the business's stock in a transaction dated Thursday, August 15th. The stock was bought at an average price of C$70.00 per share, with a total value of C$35,000.00. Following the acquisition, the director now owns 500 shares in the company, valued at approximately C$35,000. In other news, Senior Officer Linda Dougherty sold 2,000 shares of the business's stock in a transaction that occurred 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. Also, Director Stephanie Coyles purchased 500 shares of the firm's stock in a transaction dated Thursday, August 15th. The stock was purchased at an average cost of C$70.00 per share, for a total transaction of C$35,000.00. Following the acquisition, the director now owns 500 shares of the company's stock, valued at approximately C$35,000. Insiders own 0.03% of the company's stock.
About Sun Life Financial
(
Get Free Report)
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.
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