Sun Life Financial (SLF) Sets New 12-Month High at $55.50

Sun Life Financial (TSE:SLF) (NYSE:SLF) shares reached a new 52-week high on Thursday . The company traded as high as C$55.50 and last traded at C$55.12, with a volume of 382979 shares trading hands. The stock had previously closed at C$55.28.

SLF has been the topic of a number of research analyst reports. CSFB upped their price target on shares of Sun Life Financial from C$54.00 to C$56.00 in a report on Monday, January 29th. National Bank Financial cut their price target on shares of Sun Life Financial from C$60.00 to C$59.00 and set an “outperform” rating on the stock in a report on Thursday, February 15th. BMO Capital Markets upgraded shares of Sun Life Financial from a “market perform” rating to an “outperform” rating and upped their price target for the stock from C$56.00 to C$61.00 in a report on Friday, February 16th. Royal Bank of Canada upped their price target on shares of Sun Life Financial from C$56.00 to C$61.00 and gave the stock an “outperform” rating in a report on Friday, February 16th. Finally, Eight Capital upped their price target on shares of Sun Life Financial from C$52.00 to C$55.00 in a report on Friday, February 16th. Five equities research analysts have rated the stock with a buy rating, The company currently has a consensus rating of “Buy” and an average price target of C$59.11.

The business also recently declared a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Wednesday, May 30th will be issued a $0.475 dividend. The ex-dividend date is Tuesday, May 29th. This is a boost from Sun Life Financial’s previous quarterly dividend of $0.46. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.45%.

In other Sun Life Financial news, Director Stephanie Coyles bought 500 shares of the company’s stock in a transaction on Friday, May 11th. The shares were bought at an average cost of C$53.47 per share, for a total transaction of C$26,735.00. Also, insider Carolyn Diane Blair sold 3,890 shares of the stock in a transaction dated Wednesday, March 7th. The stock was sold at an average price of C$54.09, for a total transaction of C$210,410.10.

About Sun Life Financial

Sun Life Financial Inc, a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients, high-net-worth individuals, and families. It operates through Sun Life Financial Canada, Sun Life Financial United States, Sun Life Financial Asset Management, Sun Life Financial Asia, and Corporate segments.

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