Analysts Set Expectations for TSE:SFC FY2024 Earnings

Sagicor Financial Company Ltd. (TSE:SFC) – Investment analysts at National Bank Financial lifted their FY2024 earnings estimates for shares of Sagicor Financial in a note issued to investors on Monday, November 18th. National Bank Financial analyst G. Dechaine now forecasts that the company will earn $0.82 per share for the year, up from their prior forecast of $0.29. The consensus estimate for Sagicor Financial’s current full-year earnings is $0.96 per share.

A number of other research analysts have also weighed in on the company. Scotiabank dropped their target price on Sagicor Financial from C$10.00 to C$9.00 and set an “outperform” rating on the stock in a report on Friday, August 16th. Royal Bank of Canada dropped their price objective on Sagicor Financial from C$9.00 to C$8.50 and set an “outperform” rating on the stock in a research note on Tuesday, August 20th.

Sagicor Financial Price Performance

SFC stock opened at C$6.29 on Thursday. The company’s 50-day moving average is C$6.00. The firm has a market cap of C$887.33 million, a P/E ratio of 1.42 and a beta of 0.20. Sagicor Financial has a 52-week low of C$5.40 and a 52-week high of C$7.41.

Insiders Place Their Bets

In other Sagicor Financial news, Director Alan Kenneth Ryder acquired 10,000 shares of the business’s stock in a transaction on Monday, September 30th. The shares were acquired at an average price of C$5.57 per share, with a total value of C$55,700.00. In the last ninety days, insiders bought 15,000 shares of company stock valued at $84,750. Corporate insiders own 34.21% of the company’s stock.

About Sagicor Financial

Sagicor Financial Company Ltd., together with its subsidiaries, provides insurance products and related financial services in Jamaica, Barbados, Trinidad, Tobago, other Caribbean region, and the United States. It operates through three segments: Sagicor Jamaica, Sagicor Life, and Sagicor Life USA. The company offers life and health insurance products; employee benefits, including group health and group life benefits; and annuities, asset management, and property and casualty insurance.