Sun Life Financial Inc. (TSE:SLF) Receives C$84.64 Consensus Target Price from Analysts

Sun Life Financial Inc. (TSE:SLF) (NYSE:SLF) has earned a consensus rating of “Moderate Buy” from the ten analysts that are presently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is C$84.64.

A number of research analysts have recently commented on the company. Cormark raised their price target on Sun Life Financial from C$82.00 to C$85.00 in a report on Tuesday, November 5th. Barclays boosted their price target on shares of Sun Life Financial from C$82.00 to C$87.00 in a research report on Monday. Scotiabank increased their price target on Sun Life Financial from C$85.00 to C$96.00 in a research note on Thursday, November 14th. Jefferies Financial Group lifted their target price on Sun Life Financial from C$90.00 to C$94.00 in a report on Thursday, November 14th. Finally, Royal Bank of Canada upped their price target on shares of Sun Life Financial from C$78.00 to C$82.00 in a report on Wednesday, November 6th.

Insider Buying and Selling at Sun Life Financial

In related news, Director Kevin Strain sold 85,943 shares of the company’s stock in a transaction 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. Also, Senior Officer Linda Dougherty acquired 5,800 shares of Sun Life Financial stock in a transaction that occurred on Friday, November 15th. The stock was acquired at an average cost of C$84.83 per share, with a total value of C$492,014.00. Insiders own 0.03% of the company’s stock.

Sun Life Financial Stock Up 0.1 %

SLF opened at C$84.19 on Tuesday. The stock’s 50 day moving average price is C$84.65 and its 200 day moving average price is C$76.68. 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 stock has a market cap of C$48.53 billion, a P/E ratio of 15.95, 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$88.54.

Sun Life Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Wednesday, November 27th were issued a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a yield of 3.99%. The ex-dividend date was Wednesday, November 27th. This is an increase from Sun Life Financial’s previous quarterly dividend of $0.81. Sun Life Financial’s payout ratio is presently 61.36%.

About Sun Life Financial

Sun Life Financial is one of Canada’s Big Three life insurance companies along with Great-West Lifeco and Manulife. Sun Life provides insurance, retirement, and wealth-management services to individual and corporate customers in Canada, the United States, and Asia. It also owns MFS Investment Management, a Boston-based asset-management firm.