Sun Life Financial Inc. (TSE:SLF – Get Free Report) (NYSE:SLF) has earned a consensus recommendation of “Moderate Buy” from the ten analysts that are covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is C$84.64.
Several equities analysts have recently issued reports on the company. 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. Jefferies Financial Group boosted their target price on Sun Life Financial from C$90.00 to C$94.00 in a research note on Thursday, November 14th. Cormark raised their price target on shares of Sun Life Financial from C$82.00 to C$85.00 in a research note on Tuesday, November 5th. CIBC upped their price objective on shares of Sun Life Financial from C$90.00 to C$96.00 in a research report on Wednesday, November 13th. Finally, Royal Bank of Canada raised their target price on shares of Sun Life Financial from C$78.00 to C$82.00 in a research report on Wednesday, November 6th.
Check Out Our Latest Stock Analysis on SLF
Sun Life Financial Stock Performance
Sun Life Financial Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Wednesday, November 27th were paid a $0.84 dividend. This is a boost from Sun Life Financial’s previous quarterly dividend of $0.81. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $3.36 annualized dividend and a dividend yield of 4.06%. Sun Life Financial’s payout ratio is currently 61.36%.
Insider Buying and Selling
In other Sun Life Financial news, Senior Officer Linda Dougherty acquired 5,800 shares of the stock in a transaction dated Friday, November 15th. The stock was purchased at an average cost of C$84.83 per share, with a total value of C$492,014.00. Also, Director Kevin Strain sold 85,943 shares of the business’s stock in a transaction dated 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. 0.03% of the stock is owned by corporate insiders.
About Sun Life Financial
Sun Life Financial is one of Canada’s Big Three life insurance companies along with Great-West Lifeco and Manulife. Sun Life provides insurance, retirement, and wealth-management services to individual and corporate customers in Canada, the United States, and Asia. It also owns MFS Investment Management, a Boston-based asset-management firm.
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