Sagicor Financial (TSE:SFC) Reaches New 52-Week High – Time to Buy?

Sagicor Financial Company Ltd. (TSE:SFC)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$10.00 and last traded at C$9.50, with a volume of 31087 shares traded. The stock had previously closed at C$9.77.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. National Bankshares set a C$11.00 price objective on shares of Sagicor Financial and gave the company an “outperform” rating in a research note on Monday, October 20th. Royal Bank Of Canada set a C$10.00 price target on shares of Sagicor Financial and gave the stock an “outperform” rating in a report on Monday, January 19th. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, Sagicor Financial presently has an average rating of “Buy” and a consensus target price of C$10.75.

Sagicor Financial Stock Down 2.8%

The stock has a market capitalization of C$1.29 billion, a P/E ratio of 10.01 and a beta of -0.13. The business’s 50 day simple moving average is C$9.10 and its two-hundred day simple moving average is C$8.45.

Sagicor Financial (TSE:SFC) last posted its earnings results on Thursday, November 13th. The company reported C$0.26 earnings per share for the quarter. The company had revenue of C$506.28 million for the quarter. Sagicor Financial had a return on equity of 56.05% and a net margin of 22.28%. Analysts predict that Sagicor Financial Company Ltd. will post 0.9578783 earnings per share for the current year.

About Sagicor Financial

Sagicor Financial Company Ltd. is a leading financial services provider with over 180 years of history in the Caribbean, over 90 years of history in Canada, and a growing presence in the United States with over 70 years of history. Sagicor offers a wide range of products and services, including life, health, and general insurance, banking, pensions, annuities, investment management, and real estate. Sagicor operates through the following four segments: Sagicor Canada, Sagicor Life USA, Sagicor Jamaica, and Sagicor Life.