Sun Life Financial Inc. (TSE:SLF) Director Kevin Strain Sells 85,943 Shares

Sun Life Financial Inc. (TSE:SLF) (NYSE:SLF) Director Kevin Strain sold 85,943 shares of the company’s stock in a transaction that occurred 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.

Sun Life Financial Stock Performance

Sun Life Financial stock opened at C$84.88 on Monday. 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 capitalization of C$48.93 billion, a PE ratio of 16.08, a P/E/G ratio of 1.33 and a beta of 0.94. The company has a 50 day moving average price of C$78.56 and a 200-day moving average price of C$72.32. Sun Life Financial Inc. has a fifty-two week low of C$64.38 and a fifty-two week high of C$86.39.

Sun Life Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st will be issued a $0.84 dividend. This represents a $3.36 annualized dividend and a dividend yield of 3.96%. This is a boost from Sun Life Financial’s previous quarterly dividend of $0.81. The ex-dividend date of this dividend is Wednesday, November 27th. Sun Life Financial’s dividend payout ratio is currently 61.36%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SLF. CIBC increased their price target on Sun Life Financial from C$90.00 to C$96.00 in a report on Wednesday, November 13th. Cormark increased their target price on shares of Sun Life Financial from C$82.00 to C$85.00 in a research note on Tuesday, November 5th. Jefferies Financial Group lifted their price target on shares of Sun Life Financial from C$90.00 to C$94.00 in a research note on Thursday. Scotiabank increased their price objective on shares of Sun Life Financial from C$85.00 to C$96.00 in a research report on Thursday. Finally, Royal Bank of Canada boosted their target price on Sun Life Financial from C$78.00 to C$82.00 in a research report on Wednesday, November 6th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of C$84.18.

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.