Sun Life Financial Inc. (TSE:SLF – Get Free Report) (NYSE:SLF) insider Linda Dougherty sold 5,118 shares of Sun Life Financial stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of C$96.49, for a total transaction of C$493,835.82.
Linda Dougherty also recently made the following trade(s):
- On Wednesday, May 13th, Linda Dougherty sold 5,000 shares of Sun Life Financial stock. The stock was sold at an average price of C$97.01, for a total value of C$485,050.00.
Sun Life Financial Stock Performance
Shares of Sun Life Financial stock traded up C$0.91 during midday trading on Thursday, reaching C$97.92. 647,899 shares of the company’s stock traded hands, compared to its average volume of 1,988,596. The company has a market cap of C$54.26 billion, a PE ratio of 18.23, a price-to-earnings-growth ratio of 1.33 and a beta of 0.73. The stock has a 50 day moving average of C$91.18 and a 200-day moving average of C$87.70. Sun Life Financial Inc. has a 12 month low of C$77.38 and a 12 month high of C$101.15.
Sun Life Financial Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th will be given a dividend of $0.96 per share. This is a boost from Sun Life Financial’s previous quarterly dividend of $0.92. This represents a $3.84 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Wednesday, May 27th. Sun Life Financial’s dividend payout ratio is presently 67.04%.
Analysts Set New Price Targets
Several research firms recently commented on SLF. Barclays boosted their price objective on shares of Sun Life Financial from C$84.00 to C$85.00 in a research note on Wednesday, April 8th. TD boosted their price target on Sun Life Financial from C$102.00 to C$107.00 and gave the stock a “buy” rating in a research report on Thursday, May 7th. BMO Capital Markets raised their price objective on Sun Life Financial from C$99.00 to C$105.00 in a research report on Friday, May 8th. Jefferies Financial Group lifted their price objective on Sun Life Financial from C$103.00 to C$115.00 in a research note on Friday, May 1st. Finally, Desjardins set a C$101.00 target price on Sun Life Financial and gave the stock a “buy” rating in a research note on Friday, April 17th. One research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Sun Life Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of C$101.60.
Check Out Our Latest Stock Analysis on Sun Life Financial
Sun Life Financial Company Profile
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. Sun Life generates about a third of its profit from asset-management operations.
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