Sun Life Financial Inc. (TSE:SLF) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Sun Life Financial Inc. (TSE:SLF) (NYSE:SLF) have been assigned an average recommendation of “Moderate Buy” from the ten research firms that are covering the company, MarketBeat reports. Three research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is C$76.09.

SLF has been the topic of several analyst reports. Evercore decreased their price objective on Sun Life Financial from C$76.00 to C$75.00 in a report on Thursday, July 11th. National Bankshares lifted their target price on Sun Life Financial from C$72.00 to C$73.00 and gave the company a “sector perform” rating in a report on Tuesday, August 13th. Jefferies Financial Group raised their price target on shares of Sun Life Financial from C$78.00 to C$81.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. TD Securities cut their target price on shares of Sun Life Financial from C$73.00 to C$72.00 and set a “hold” rating on the stock in a research note on Tuesday, August 13th. Finally, Barclays set a C$76.00 price target on shares of Sun Life Financial and gave the stock an “equal weight” rating in a research report on Thursday, September 5th.

Insider Buying and Selling

In related news, Senior Officer Linda Dougherty sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of C$75.30, for a total value of C$150,590.00. In other news, Senior Officer Linda Dougherty sold 2,000 shares of the company’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of C$75.30, for a total transaction of C$150,590.00. Also, Senior Officer Daniel Fishbein sold 15,999 shares of Sun Life Financial stock in a transaction dated Friday, August 16th. The stock was sold at an average price of C$71.40, for a total value of C$1,142,323.80. 0.03% of the stock is owned by corporate insiders.

Sun Life Financial Trading Down 0.0 %

Shares of SLF stock opened at C$78.17 on Friday. The company has a market capitalization of C$45.12 billion, a price-to-earnings ratio of 14.80, a PEG ratio of 1.25 and a beta of 0.93. The company has a current ratio of 65.29, a quick ratio of 84,866.00 and a debt-to-equity ratio of 53.77. The firm has a 50-day moving average price of C$71.96 and a 200 day moving average price of C$70.62. Sun Life Financial has a twelve month low of C$61.84 and a twelve month high of C$78.85.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last posted its quarterly earnings data on Monday, August 12th. The financial services provider reported C$1.71 earnings per share for the quarter, beating analysts’ consensus estimates of C$1.58 by C$0.13. The business had revenue of C$8.92 billion during the quarter, compared to analyst estimates of C$9.18 billion. Sun Life Financial had a net margin of 9.90% and a return on equity of 13.65%. Research analysts forecast that Sun Life Financial will post 7.2905983 earnings per share for the current fiscal year.

Sun Life Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Wednesday, August 28th were given a $0.81 dividend. The ex-dividend date of this dividend was Wednesday, August 28th. This represents a $3.24 dividend on an annualized basis and a yield of 4.14%. Sun Life Financial’s dividend payout ratio (DPR) is 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.