Sun Life Financial (TSE:SLF) Price Target Raised to C$98.00 at Jefferies Financial Group

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price target upped by Jefferies Financial Group from C$96.00 to C$98.00 in a research note published on Monday,BayStreet.CA reports.

Other equities analysts also recently issued reports about the stock. Scotiabank reduced their target price on shares of Sun Life Financial from C$88.00 to C$83.00 and set a “sector perform” rating on the stock in a research note on Monday, August 11th. UBS Group raised shares of Sun Life Financial to a “hold” rating in a research report on Thursday, October 16th. Argus upgraded Sun Life Financial to a “strong-buy” rating in a report on Thursday, September 4th. CIBC lowered their price objective on Sun Life Financial from C$94.00 to C$93.00 in a research report on Friday. Finally, Desjardins lifted their target price on Sun Life Financial from C$90.00 to C$94.00 and gave the company a “buy” rating in a research report on Wednesday, October 15th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of C$91.44.

Sun Life Financial Stock Down 0.9%

Shares of SLF opened at C$81.37 on Monday. Sun Life Financial has a 52-week low of C$74.56 and a 52-week high of C$91.11. The company has a quick ratio of 84,866.00, a current ratio of 92.19 and a debt-to-equity ratio of 26.00. The stock has a fifty day simple moving average of C$83.86 and a two-hundred day simple moving average of C$84.80. The company has a market capitalization of C$45.36 billion, a PE ratio of 15.41, a price-to-earnings-growth ratio of 1.33 and a beta of 0.83.

Sun Life Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Wednesday, December 31st will be given a dividend of $0.92 per share. This is an increase from Sun Life Financial’s previous quarterly dividend of $0.88. This represents a $3.68 annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Wednesday, November 26th. Sun Life Financial’s dividend payout ratio (DPR) is 65.15%.

Insider Buying and Selling at Sun Life Financial

In other news, insider Thomas Murphy acquired 3,389 shares of the business’s stock in a transaction that occurred on Wednesday, August 13th. The shares were purchased at an average price of C$79.37 per share, for a total transaction of C$268,973.75. Following the acquisition, the insider owned 3,389 shares of the company’s stock, valued at C$268,973.75. This represents a ∞ increase in their ownership of the stock. Insiders acquired 4,044 shares of company stock valued at $320,865 over the last ninety days. 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.