Brokerages Set Sun Life Financial Inc. (TSE:SLF) Price Target at C$84.64

Sun Life Financial Inc. (TSE:SLFGet 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

TSE SLF opened at C$82.69 on Tuesday. The firm’s 50 day simple moving average is C$84.76 and its 200 day simple moving average is C$76.87. The firm has a market capitalization of C$47.67 billion, a price-to-earnings ratio of 15.66, a P/E/G ratio of 1.33 and a beta of 0.94. The company has a current ratio of 65.29, a quick ratio of 84,866.00 and a debt-to-equity ratio of 53.77. Sun Life Financial has a 1 year low of C$64.38 and a 1 year high of C$88.54.

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

(Get Free Report

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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Analyst Recommendations for Sun Life Financial (TSE:SLF)

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