Sun Life Financial Inc. (TSE:SLF) Receives C$84.18 Consensus Target Price from Analysts

Sun Life Financial Inc. (TSE:SLF) (NYSE:SLF) has been assigned an average rating of “Moderate Buy” from the ten analysts that are currently covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is C$84.18.

A number of research analysts have recently weighed in on the company. Cormark raised their target price on Sun Life Financial from C$82.00 to C$85.00 in a report on Tuesday, November 5th. Scotiabank raised their price objective on Sun Life Financial from C$85.00 to C$96.00 in a research note on Thursday, November 14th. TD Securities upped their target price on shares of Sun Life Financial from C$81.00 to C$87.00 and gave the stock a “hold” rating in a research note on Thursday, November 14th. Royal Bank of Canada raised their price target on shares of Sun Life Financial from C$78.00 to C$82.00 in a research report on Wednesday, November 6th. Finally, Jefferies Financial Group upped their price objective on shares of Sun Life Financial from C$90.00 to C$94.00 in a research report on Thursday, November 14th.

Insider Buying and Selling

In other Sun Life Financial news, Senior Officer Linda Dougherty purchased 5,800 shares of the stock in a transaction dated Friday, November 15th. The shares were bought at an average price 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 firm’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of C$84.71, for a total transaction of C$7,280,231.53. 0.03% of the stock is currently owned by insiders.

Sun Life Financial Trading Down 0.4 %

SLF opened at C$85.61 on Friday. Sun Life Financial has a fifty-two week low of C$64.38 and a fifty-two week high of C$88.54. The firm has a market capitalization of C$49.35 billion, a PE ratio of 16.21, a P/E/G ratio of 1.33 and a beta of 0.94. The company has a debt-to-equity ratio of 53.77, a current ratio of 65.29 and a quick ratio of 84,866.00. The company’s 50-day moving average is C$82.27 and its 200 day moving average is C$74.44.

Sun Life Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Wednesday, November 27th will be paid a dividend of $0.84 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $3.36 annualized dividend and a dividend yield of 3.92%. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.81. Sun Life Financial’s dividend payout ratio (DPR) is presently 61.36%.

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.