Sun Life Financial Inc. (TSE:SLF) Receives C$76.82 Average Price Target from Brokerages

Shares of Sun Life Financial Inc. (TSE:SLF) (NYSE:SLF) have been given an average rating of “Moderate Buy” by the ten brokerages that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$76.82.

A number of research firms have commented on SLF. Evercore decreased their price target on Sun Life Financial from C$76.00 to C$75.00 in a research note on Thursday, July 11th. Barclays set a C$76.00 price objective on shares of Sun Life Financial and gave the company an “equal weight” rating in a research report on Thursday, September 5th. National Bankshares boosted their target price on shares of Sun Life Financial from C$72.00 to C$73.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 13th. TD Securities decreased their price target on shares of 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. Finally, Royal Bank of Canada boosted their price objective on shares of Sun Life Financial from C$76.00 to C$78.00 and gave the company an “outperform” rating in a report on Wednesday, August 14th.

Sun Life Financial Trading Down 0.3 %

TSE SLF opened at C$78.40 on Thursday. The firm has a market cap of C$45.20 billion, a PE ratio of 14.85, a price-to-earnings-growth ratio of 1.33 and a beta of 0.94. Sun Life Financial has a 52 week low of C$61.84 and a 52 week high of C$79.45. 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. The company has a 50 day moving average price of C$75.96 and a 200 day moving average price of C$71.21.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last issued its quarterly earnings results on Monday, August 12th. The financial services provider reported C$1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.58 by C$0.13. The business had revenue of C$8.92 billion for the quarter, compared to the consensus estimate of C$9.18 billion. Sun Life Financial had a return on equity of 13.65% and a net margin of 9.90%. As a group, sell-side analysts forecast that Sun Life Financial 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 yield of 4.13%. The ex-dividend date of this dividend was Wednesday, August 28th. Sun Life Financial’s dividend payout ratio is currently 61.36%.

Insider Buying and Selling at Sun Life Financial

In other news, Senior Officer Daniel Fishbein sold 15,999 shares of the company’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of C$71.40, for a total value of C$1,142,323.80. In other news, Senior Officer Daniel Fishbein sold 15,999 shares of Sun Life Financial stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of C$71.40, for a total transaction of C$1,142,323.80. Also, Senior Officer Linda Dougherty sold 2,000 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of C$75.30, for a total transaction of C$150,590.00. Company insiders own 0.03% of the company’s stock.

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.