Sun Life Financial Inc. (TSE:SLF – Get Free Report) (NYSE:SLF) insider Manjit Singh sold 188,312 shares of the company’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of C$103.20, for a total transaction of C$19,433,798.40. Following the sale, the insider directly owned 547 shares of the company’s stock, valued at C$56,450.40. The trade was a 99.71% decrease in their position.
Sun Life Financial Stock Performance
Shares of TSE SLF traded up C$1.59 during trading on Thursday, reaching C$106.06. The stock had a trading volume of 924,292 shares, compared to its average volume of 2,059,113. The business’s 50-day moving average price is C$96.65 and its 200-day moving average price is C$90.00. Sun Life Financial Inc. has a fifty-two week low of C$77.38 and a fifty-two week high of C$106.52. The company has a market cap of C$58.78 billion, a P/E ratio of 19.75, a PEG ratio of 1.33 and a beta of 0.84.
Sun Life Financial (TSE:SLF – Get Free Report) (NYSE:SLF) last issued its quarterly earnings results on Wednesday, May 6th. The financial services provider reported C$1.89 earnings per share (EPS) for the quarter. The business had revenue of C$8.73 billion for the quarter. Sun Life Financial had a net margin of 9.12% and a return on equity of 12.98%. Analysts forecast that Sun Life Financial Inc. will post 6.9230769 EPS for the current fiscal year.
Sun Life Financial Increases Dividend
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on SLF shares. Scotiabank upped their price objective on shares of Sun Life Financial from C$93.00 to C$96.00 and gave the company a “sector perform” rating in a research note on Friday, February 13th. Desjardins set a C$101.00 target price on shares of Sun Life Financial and gave the company a “buy” rating in a research note on Friday, April 17th. BMO Capital Markets boosted their target price on shares of Sun Life Financial from C$99.00 to C$105.00 in a report on Friday, May 8th. Jefferies Financial Group boosted their price target on shares of Sun Life Financial from C$103.00 to C$115.00 in a report on Friday, May 1st. Finally, Royal Bank Of Canada boosted their price target on shares of Sun Life Financial from C$83.00 to C$95.00 and gave the company a “sector perform” rating in a report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Sun Life Financial currently has an average rating of “Moderate Buy” and an average price target of C$101.60.
Get Our Latest Stock Analysis on SLF
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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