Jefferies Financial Group Boosts Sun Life Financial (TSE:SLF) Price Target to C$94.00

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its target price hoisted by Jefferies Financial Group from C$90.00 to C$94.00 in a report issued on Thursday morning,BayStreet.CA reports.

SLF has been the subject of a number of other reports. National Bankshares increased their price target on Sun Life Financial from C$72.00 to C$73.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 13th. Cormark raised their target price on Sun Life Financial from C$82.00 to C$85.00 in a research note on Tuesday, November 5th. CIBC boosted their price target on Sun Life Financial from C$90.00 to C$96.00 in a research note on Wednesday. Barclays increased their price target on Sun Life Financial from C$76.00 to C$79.00 in a report on Tuesday, November 5th. Finally, Scotiabank lifted their price objective on shares of Sun Life Financial from C$85.00 to C$96.00 in a research note on Thursday. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, Sun Life Financial has a consensus rating of “Moderate Buy” and a consensus target price of C$84.18.

Sun Life Financial Trading Down 1.2 %

TSE:SLF opened at C$84.88 on Thursday. Sun Life Financial has a 52 week low of C$64.38 and a 52 week high of C$86.39. The company has a debt-to-equity ratio of 53.77, a quick ratio of 84,866.00 and a current ratio of 65.29. The firm’s fifty day moving average is C$78.56 and its 200-day moving average is C$72.32. The firm has a market cap of C$48.93 billion, a P/E ratio of 16.08, a P/E/G ratio of 1.33 and a beta of 0.94.

Sun Life Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st will be paid a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a dividend yield of 3.96%. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.81. The ex-dividend date is Wednesday, November 27th. Sun Life Financial’s dividend payout ratio (DPR) is 61.36%.

Insider Transactions at Sun Life Financial

In other news, Senior Officer Linda Dougherty sold 2,000 shares of the company’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of C$75.30, for a total value of C$150,590.00. Also, Director Kevin Strain sold 85,943 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of C$84.71, for a total transaction of C$7,280,231.53. 0.03% of the stock is currently owned by insiders.

About Sun Life Financial

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.