Barclays Analysts Give Sun Life Financial (TSE:SLF) a C$76.00 Price Target

Barclays set a C$76.00 price target on Sun Life Financial (TSE:SLF) (NYSE:SLF) in a research report report published on Thursday, Marketbeat Ratings reports. The firm currently has an equal weight rating on the financial services provider’s stock.

Several other research analysts have also issued reports on SLF. TD Securities reduced their target price on shares of Sun Life Financial from C$73.00 to C$72.00 and set a hold rating on the stock in a research note on Tuesday, August 13th. BMO Capital Markets reduced their price objective on shares of Sun Life Financial from C$80.00 to C$79.00 and set an outperform rating on the stock in a research note on Monday, May 13th. Jefferies Financial Group upped their target price on shares of Sun Life Financial from C$78.00 to C$81.00 and gave the company a buy rating in a research report on Wednesday, August 14th. Royal Bank of Canada raised their price target on Sun Life Financial from C$76.00 to C$78.00 and gave the stock an outperform rating in a research report on Wednesday, August 14th. Finally, Evercore dropped their price objective on Sun Life Financial from C$76.00 to C$75.00 in a report on Thursday, July 11th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, Sun Life Financial presently has an average rating of Moderate Buy and a consensus price target of C$76.09.

Sun Life Financial Stock Performance

SLF stock opened at C$74.09 on Thursday. The company has a debt-to-equity ratio of 53.77, a current ratio of 65.29 and a quick ratio of 84,866.00. The company has a 50 day moving average price of C$69.54 and a 200 day moving average price of C$70.27. Sun Life Financial has a fifty-two week low of C$61.84 and a fifty-two week high of C$75.23. The stock has a market capitalization of C$42.79 billion, a PE ratio of 14.03, a price-to-earnings-growth ratio of 1.25 and a beta of 0.93.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last released its earnings results on Monday, August 12th. The financial services provider reported C$1.71 earnings per share for the quarter, topping analysts’ consensus estimates of C$1.58 by C$0.13. The company had revenue of C$8.92 billion during the quarter, compared to the consensus estimate of C$9.18 billion. Sun Life Financial had a return on equity of 13.65% and a net margin of 9.90%. Analysts forecast that Sun Life Financial will post 6.642596 EPS for the current year.

Sun Life Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Wednesday, August 28th will be given a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a dividend yield of 4.37%. The ex-dividend date of this dividend is Wednesday, August 28th. Sun Life Financial’s dividend payout ratio is presently 61.36%.

Insider Activity at Sun Life Financial

In other Sun Life Financial news, Senior Officer Daniel Fishbein sold 15,999 shares of the business’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of C$71.40, for a total transaction of C$1,142,323.80. In other news, Director Stephanie Coyles purchased 500 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were purchased at an average cost of C$70.00 per share, with a total value of C$35,000.00. Following the completion of the transaction, the director now owns 500 shares of the company’s stock, valued at approximately C$35,000. Also, Senior Officer Daniel Fishbein sold 15,999 shares of Sun Life Financial stock in a transaction dated Friday, August 16th. The shares were sold at an average price of C$71.40, for a total transaction of C$1,142,323.80. 0.03% of the stock is 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.