Alan Kenneth Ryder Acquires 20,000 Shares of Sagicor Financial (TSE:SFC) Stock

Sagicor Financial Company Ltd. (TSE:SFC) Director Alan Kenneth Ryder acquired 20,000 shares of Sagicor Financial stock in a transaction on Tuesday, May 19th. The stock was acquired at an average cost of C$8.55 per share, for a total transaction of C$171,000.00. Following the completion of the purchase, the director owned 100,000 shares of the company’s stock, valued at approximately C$855,000. The trade was a 25.00% increase in their position.

Sagicor Financial Stock Performance

Shares of Sagicor Financial stock opened at C$8.37 on Friday. The firm has a fifty day moving average of C$9.37 and a two-hundred day moving average of C$9.16. The stock has a market capitalization of C$1.14 billion, a price-to-earnings ratio of 47.56 and a beta of -0.03. Sagicor Financial Company Ltd. has a 52 week low of C$7.21 and a 52 week high of C$10.53.

Sagicor Financial (TSE:SFC) last posted its quarterly earnings results on Wednesday, May 13th. The company reported C$0.26 earnings per share (EPS) for the quarter. Sagicor Financial had a return on equity of 2.58% and a net margin of 1.16%.The business had revenue of C$791.91 million for the quarter. As a group, research analysts forecast that Sagicor Financial Company Ltd. will post 0.9578783 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, National Bank Financial set a C$13.00 price target on Sagicor Financial and gave the company an “outperform” rating in a research note on Friday, April 24th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Sagicor Financial presently has a consensus rating of “Buy” and a consensus target price of C$11.33.

About Sagicor Financial

Sagicor Financial Company Ltd. (TSX: SFC) is a leading financial services provider with over 185 years of history in the Caribbean, over 90 years of history in Canada, and over 70 years of history in the United States. Sagicor offers a wide range of products and services, including life, health, and general insurance, banking, pensions, annuities, investment management, and real estate. Sagicor’s registered office is located at Clarendon House, 2 Church Street, Hamilton, HM 11, Bermuda, with its principal office located at Cecil F De Caires Building, Wildey, St.