Sun Life Financial (TSE:SLF) Price Target Raised to C$96.00

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price target lifted by CIBC from C$90.00 to C$96.00 in a research report released on Wednesday,BayStreet.CA reports.

Several other research firms have also recently issued reports on SLF. Cormark boosted their price objective on shares of Sun Life Financial from C$82.00 to C$85.00 in a research report on Tuesday, November 5th. Scotiabank boosted their price target on Sun Life Financial from C$73.00 to C$85.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. TD Securities raised their price objective on Sun Life Financial from C$77.00 to C$81.00 in a report on Tuesday, November 5th. National Bankshares upped their target price on Sun Life Financial from C$72.00 to C$73.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 13th. Finally, Jefferies Financial Group increased their price target on Sun Life Financial from C$81.00 to C$89.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$84.18.

Sun Life Financial Stock Down 1.2 %

Shares of SLF opened at C$84.88 on Wednesday. The firm has a fifty day moving average price of C$78.56 and a 200-day moving average price of C$72.32. 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 market capitalization of C$48.93 billion, a P/E ratio of 16.08, a P/E/G ratio of 1.33 and a beta of 0.94. Sun Life Financial has a 12-month low of C$64.38 and a 12-month high of C$86.39.

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 paid a dividend of $0.84 per share. This is a boost from Sun Life Financial’s previous quarterly dividend of $0.81. This represents a $3.36 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date is Wednesday, November 27th. Sun Life Financial’s dividend payout ratio is 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.