Sun Life Financial Inc. (TSE:SLF – Get Free Report) (NYSE:SLF) Director Kevin Strain sold 104,744 shares of the stock in a transaction on Tuesday, May 12th. The stock was sold at an average price of C$96.99, for a total value of C$10,159,120.56. Following the completion of the transaction, the director owned 42,000 shares of the company’s stock, valued at C$4,073,580. The trade was a 71.38% decrease in their position.
Kevin Strain also recently made the following trade(s):
- On Monday, May 11th, Kevin Strain sold 2,935 shares of Sun Life Financial stock. The stock was sold at an average price of C$96.55, for a total value of C$283,374.25.
Sun Life Financial Stock Performance
TSE:SLF traded up C$0.26 during trading hours on Wednesday, hitting C$97.01. The company’s stock had a trading volume of 935,475 shares, compared to its average volume of 2,003,395. The business’s 50-day moving average is C$91.18 and its two-hundred day moving average is C$87.70. The company has a market capitalization of C$53.75 billion, a PE ratio of 18.07, a PEG ratio of 1.33 and a beta of 0.73. Sun Life Financial Inc. has a 52-week low of C$77.38 and a 52-week high of C$101.15.
Sun Life Financial Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 30th will be given a $0.96 dividend. The ex-dividend date is Wednesday, May 27th. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.92. This represents a $3.84 annualized dividend and a yield of 4.0%. Sun Life Financial’s dividend payout ratio (DPR) is currently 67.04%.
Wall Street Analyst Weigh In
Several research analysts have issued reports on the company. Scotiabank increased their price objective on Sun Life Financial from C$93.00 to C$96.00 and gave the stock a “sector perform” rating in a research report on Friday, February 13th. Royal Bank Of Canada raised their price target on Sun Life Financial from C$83.00 to C$95.00 and gave the company a “sector perform” rating in a research report on Friday, February 13th. TD raised their price target on Sun Life Financial from C$102.00 to C$107.00 and gave the company a “buy” rating in a research report on Thursday, May 7th. National Bank Financial dropped their price target on Sun Life Financial from C$109.00 to C$108.00 and set an “outperform” rating for the company in a research report on Thursday, May 7th. Finally, TD Securities dropped their price target on Sun Life Financial from C$104.00 to C$102.00 and set a “buy” rating for the company in a research report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus 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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