Alan Kenneth Ryder Purchases 1,800 Shares of Sagicor Financial Company Ltd. (TSE:SFC) Stock

Sagicor Financial Company Ltd. (TSE:SFC) Director Alan Kenneth Ryder purchased 1,800 shares of the company’s stock in a transaction that occurred on Wednesday, September 11th. The shares were purchased at an average cost of C$5.81 per share, for a total transaction of C$10,458.00.

Alan Kenneth Ryder also recently made the following trade(s):

• On Friday, September 13th, Alan Kenneth Ryder bought 3,200 shares of Sagicor Financial stock. The shares were acquired at an average price of C$5.81 per share, with a total value of C$18,592.00.

Sagicor Financial Price Performance

Shares of TSE SFC opened at C$5.66 on Wednesday. Sagicor Financial Company Ltd. has a 1-year low of C$4.66 and a 1-year high of C$7.41. The firm has a market capitalization of C$798.46 million, a price-to-earnings ratio of 1.30 and a beta of 0.21. The stock has a fifty day moving average of C$6.05.

Sagicor Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, August 27th were given a $0.083 dividend. The ex-dividend date was Tuesday, August 27th. This represents a $0.33 annualized dividend and a yield of 5.87%. Sagicor Financial’s dividend payout ratio is presently 7.36%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Royal Bank of Canada reduced their price target on shares of Sagicor Financial from C$9.00 to C$8.50 and set an “outperform” rating on the stock in a research report on Tuesday, August 20th. Scotiabank cut their target price on shares of Sagicor Financial from C$10.00 to C$9.00 and set an “outperform” rating on the stock in a report on Friday, August 16th.

Sagicor Financial Company Profile

Sagicor Financial Company Ltd., together with its subsidiaries, provides insurance products and related financial services in Jamaica, Barbados, Trinidad, Tobago, other Caribbean region, and the United States. It operates through three segments: Sagicor Jamaica, Sagicor Life, and Sagicor Life USA. The company offers life and health insurance products; employee benefits, including group health and group life benefits; and annuities, asset management, and property and casualty insurance.