Sun Life Financial (TSE:SLF – Free Report) (NYSE:SLF) had its target price hoisted by TD Securities from C$71.00 to C$73.00 in a research report report published on Friday morning, BayStreet.CA reports.
A number of other brokerages also recently issued reports on SLF. Scotiabank cut their price objective on shares of Sun Life Financial from C$76.00 to C$73.00 and set an outperform rating for the company in a research report on Monday, May 13th. Evercore cut their price target on Sun Life Financial from C$76.00 to C$75.00 in a report on Thursday. CIBC raised their price objective on Sun Life Financial from C$77.00 to C$80.00 and gave the stock an outperform rating in a research note on Tuesday, April 30th. National Bankshares cut their price objective on Sun Life Financial from C$73.00 to C$72.00 in a research note on Friday, May 10th. Finally, Royal Bank of Canada decreased their target price on shares of Sun Life Financial from C$77.00 to C$76.00 and set an outperform rating on the stock in a research note on Monday, May 13th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus price target of C$76.18.
View Our Latest Analysis on SLF
Sun Life Financial Price Performance
Sun Life Financial (TSE:SLF – Get Free Report) (NYSE:SLF) last posted its earnings results on Thursday, May 9th. The financial services provider reported C$1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.64 by C($0.14). Sun Life Financial had a net margin of 10.12% and a return on equity of 13.68%. The company had revenue of C$6.88 billion for the quarter, compared to the consensus estimate of C$9.96 billion. Sell-side analysts predict that Sun Life Financial will post 6.3499079 earnings per share for the current fiscal year.
Sun Life Financial Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Wednesday, May 29th were paid a $0.81 dividend. The ex-dividend date was Wednesday, May 29th. This is an increase from Sun Life Financial’s previous quarterly dividend of $0.78. This represents a $3.24 dividend on an annualized basis and a dividend yield of 4.73%. Sun Life Financial’s dividend payout ratio (DPR) is 62.31%.
Insider Activity at Sun Life Financial
In other Sun Life Financial news, Director Stephanie Coyles acquired 900 shares of the firm’s stock in a transaction that occurred on Tuesday, May 14th. The shares were purchased at an average cost of C$69.15 per share, for a total transaction of C$62,235.00. In related news, Director Kevin Strain acquired 12,000 shares of the firm’s stock in a transaction on Tuesday, June 4th. The stock was bought at an average price of C$67.48 per share, for a total transaction of C$809,760.00. Also, Director Stephanie Coyles purchased 900 shares of the business’s stock in a transaction on Tuesday, May 14th. The shares were purchased at an average cost of C$69.15 per share, for a total transaction of C$62,235.00. 0.03% of the stock is currently owned by insiders.
Sun Life Financial Company Profile
Sun Life Financial Inc, a financial services company, provides savings, retirement, and pension products worldwide. The company operates in five segments: Asset Management, Canada, U.S., Asia, and Corporate. It offers various insurance products, such as term and permanent life; personal health, which includes prescription drugs, dental, and vision care; critical illness; long-term care; and disability, as well as reinsurance.
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