Sun Life Financial Inc. (TSE:SLF – Get Free Report) (NYSE:SLF) has earned an average rating of “Moderate Buy” from the fourteen ratings firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is C$116.00.
SLF has been the subject of several research reports. Desjardins increased their price objective on Sun Life Financial from C$120.00 to C$122.00 and gave the company a “buy” rating in a report on Monday. Canadian Imperial Bank of Commerce boosted their target price on Sun Life Financial from C$102.00 to C$116.00 in a research note on Wednesday, July 15th. BMO Capital Markets upped their price target on Sun Life Financial from C$99.00 to C$105.00 in a research report on Friday, May 8th. Barclays increased their price target on Sun Life Financial from C$96.00 to C$98.00 in a research note on Friday, August 7th. Finally, Jefferies Financial Group lifted their price objective on Sun Life Financial from C$131.00 to C$141.00 in a report on Monday.
View Our Latest Research Report on Sun Life Financial
Sun Life Financial Stock Down 0.4%
Sun Life Financial (TSE:SLF – Get Free Report) (NYSE:SLF) last issued its quarterly earnings results on Thursday, August 6th. The financial services provider reported C$2.02 earnings per share (EPS) for the quarter. The company had revenue of C$9.05 billion during the quarter. Sun Life Financial had a net margin of 8.81% and a return on equity of 13.89%. As a group, equities analysts expect that Sun Life Financial will post 6.9230769 earnings per share for the current year.
Sun Life Financial Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th were 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 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date was Wednesday, May 27th. Sun Life Financial’s dividend payout ratio (DPR) is 62.37%.
Insider Buying and Selling at Sun Life Financial
In other news, insider Linda Dougherty sold 3,500 shares of Sun Life Financial stock in a transaction dated Monday, May 25th. The shares were sold at an average price of C$101.40, for a total value of C$354,900.00. Also, insider Helena Janina Pagano sold 17,283 shares of the business’s stock in a transaction that occurred on Monday, May 25th. The shares were sold at an average price of C$101.32, for a total transaction of C$1,751,113.56. Following the completion of the sale, the insider directly owned 228 shares in the company, valued at approximately C$23,100.96. This trade represents a 98.70% decrease in their position. Insiders have sold 216,461 shares of company stock worth $22,287,387 over the last three months. Company insiders own 0.03% of the company’s stock.
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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