Sun Life Financial Inc. (TSE:SLF) Receives C$84.18 Average PT from Brokerages

Shares of Sun Life Financial Inc. (TSE:SLF) (NYSE:SLF) have received a consensus rating of “Moderate Buy” from the ten analysts that are covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is C$84.18.

Several research firms have weighed in on SLF. Royal Bank of Canada upped their price objective on shares of Sun Life Financial from C$78.00 to C$82.00 in a report on Wednesday, November 6th. Jefferies Financial Group upped their target price on shares of Sun Life Financial from C$90.00 to C$94.00 in a report on Thursday, November 14th. Scotiabank lifted their price target on Sun Life Financial from C$85.00 to C$96.00 in a research note on Thursday, November 14th. Cormark boosted their price objective on Sun Life Financial from C$82.00 to C$85.00 in a report on Tuesday, November 5th. Finally, CIBC raised their target price on Sun Life Financial from C$90.00 to C$96.00 in a report on Wednesday, November 13th.

Insider Buying and Selling

In related news, Director Kevin Strain sold 85,943 shares of Sun Life Financial stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of C$84.71, for a total value of C$7,280,231.53. Also, Senior Officer Linda Dougherty acquired 5,800 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was purchased at an average price of C$84.83 per share, for a total transaction of C$492,014.00. 0.03% of the stock is owned by insiders.

Sun Life Financial Trading Up 0.6 %

TSE SLF opened at C$84.50 on Friday. 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. Sun Life Financial has a 52 week low of C$64.38 and a 52 week high of C$88.54. The business has a 50 day moving average price of C$82.78 and a 200-day moving average price of C$74.80. The company has a market cap of C$48.71 billion, a price-to-earnings ratio of 16.00, a P/E/G ratio of 1.33 and a beta of 0.94.

Sun Life Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Wednesday, November 27th will be given a dividend of $0.84 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.81. This represents a $3.36 annualized dividend and a dividend yield of 3.98%. Sun Life Financial’s dividend payout ratio (DPR) is currently 61.36%.

Sun Life Financial Company Profile

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.