Sun Life Financial Inc (TSE:SLF) (NYSE:SLF) insider Carolyn Diane Blair sold 3,890 shares of Sun Life Financial stock in a transaction on Wednesday, March 7th. The shares were sold at an average price of C$54.09, for a total transaction of C$210,410.10.
Shares of Sun Life Financial Inc (TSE:SLF) opened at C$54.96 on Tuesday. Sun Life Financial Inc has a 52-week low of C$43.51 and a 52-week high of C$55.71. The stock has a market cap of $33,370.00, a PE ratio of 15.79 and a beta of 0.48.
Sun Life Financial (TSE:SLF) (NYSE:SLF) last announced its earnings results on Wednesday, February 14th. The financial services provider reported C$1.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$1.03 by C$0.02. Sun Life Financial had a net margin of 2.76% and a return on equity of 4.00%. The business had revenue of C$8.65 billion for the quarter.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Investors of record on Thursday, March 1st will be given a dividend of $0.455 per share. The ex-dividend date of this dividend is Wednesday, February 28th. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.02. This represents a $1.82 dividend on an annualized basis and a yield of 3.31%. Sun Life Financial’s payout ratio is presently 50.14%.
A number of research analysts have weighed in on the stock. Scotiabank cut their price objective on shares of Sun Life Financial from C$63.00 to C$61.00 and set an “outperform” rating for the company in a report on Friday, February 16th. Barclays lifted their price objective on shares of Sun Life Financial from C$55.00 to C$57.00 in a report on Friday, February 16th. Eight Capital lifted their price objective on shares of Sun Life Financial from C$52.00 to C$55.00 in a report on Friday, February 16th. Royal Bank of Canada lifted their price objective on shares of Sun Life Financial from C$56.00 to C$61.00 and gave the company an “outperform” rating in a report on Friday, February 16th. Finally, BMO Capital Markets upgraded shares of Sun Life Financial from a “market perform” rating to an “outperform” rating and lifted their target price for the company from C$56.00 to C$61.00 in a research report on Friday, February 16th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of C$58.67.
Sun Life Financial Company Profile
Sun Life Financial Inc is the holding company of Sun Life Assurance Company of Canada. The Company is a financial services company providing a range of insurance, wealth and asset management solutions to individuals and corporate Clients. It operates through five segments. The Sun Life Financial Canada segment provides retail insurance and investment advice, products and services to people across Canada.
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