Sun Life Financial (TSE:SLF) Given New C$87.00 Price Target at TD Securities

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price objective raised by TD Securities from C$81.00 to C$87.00 in a research note issued to investors on Thursday morning,BayStreet.CA reports. The brokerage currently has a hold rating on the financial services provider’s stock.

Other equities research analysts have also recently issued research reports about the company. National Bankshares increased their price target 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. Cormark raised 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. Barclays lifted their target price on shares of Sun Life Financial from C$76.00 to C$79.00 in a report on Tuesday, November 5th. Royal Bank of Canada increased their price target on shares of Sun Life Financial from C$78.00 to C$82.00 in a report on Wednesday, November 6th. Finally, CIBC raised their price objective on shares of Sun Life Financial from C$90.00 to C$96.00 in a research report on Wednesday, November 13th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$84.18.

Sun Life Financial Stock Performance

TSE SLF opened at C$84.88 on Thursday. The business’s 50-day moving average price is C$78.56 and its 200 day moving average price is C$72.32. The company has a quick ratio of 84,866.00, a current ratio of 65.29 and a debt-to-equity ratio of 53.77. The firm has a market cap 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 52-week low of C$64.38 and a 52-week high of C$86.39.

Sun Life Financial Increases Dividend

The company 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 an increase from Sun Life Financial’s previous quarterly dividend of $0.81. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $3.36 annualized dividend and a dividend yield of 3.96%. Sun Life Financial’s dividend payout ratio is presently 61.36%.

Insider Buying and Selling

In other Sun Life Financial news, Senior Officer Linda Dougherty sold 2,000 shares of Sun Life Financial stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of C$75.30, for a total value of C$150,590.00. Also, Director Kevin Strain sold 85,943 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were 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 owned by company 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.