Barclays Issues Positive Forecast for Sun Life Financial (TSE:SLF) Stock Price

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price target boosted by Barclays from C$79.00 to C$82.00 in a report released on Thursday,BayStreet.CA reports.

Several other research firms also recently weighed in on SLF. TD Securities lifted their target price on Sun Life Financial from C$81.00 to C$87.00 and gave the stock a “hold” rating in a research report on Thursday. Jefferies Financial Group boosted their price objective on shares of Sun Life Financial from C$90.00 to C$94.00 in a research report on Thursday. National Bankshares raised their target price on shares of Sun Life Financial from C$72.00 to C$73.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 13th. Scotiabank boosted their price target on Sun Life Financial from C$85.00 to C$96.00 in a report on Thursday. Finally, CIBC raised their price objective on Sun Life Financial from C$90.00 to C$96.00 in a report on Wednesday, November 13th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Sun Life Financial currently has an average rating of “Moderate Buy” and an average price target of C$84.18.

Sun Life Financial Trading Down 1.2 %

Shares of TSE SLF opened at C$84.88 on Thursday. Sun Life Financial has a fifty-two week low of C$64.38 and a fifty-two 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 company has a market cap of C$48.93 billion, a price-to-earnings ratio of 16.08, a PEG ratio of 1.33 and a beta of 0.94. The business’s 50 day moving average price is C$78.56 and its 200-day moving average price is C$72.32.

Sun Life Financial Increases Dividend

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

Insider Buying and Selling at Sun Life Financial

In other Sun Life Financial news, Senior Officer Linda Dougherty purchased 5,800 shares of Sun Life Financial stock in a transaction dated Friday, November 15th. The shares were acquired 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 stock in a transaction on 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 insiders.

Sun Life Financial Company Profile

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.