Insider Buying: Sagicor Financial Company Ltd. (TSE:SFC) Director Buys 10,000 Shares of Stock

Sagicor Financial Company Ltd. (TSE:SFC) Director Alan Kenneth Ryder bought 10,000 shares of Sagicor Financial stock in a transaction on Monday, September 30th. The stock was purchased at an average price of C$5.57 per share, with a total value of C$55,700.00.

Alan Kenneth Ryder also recently made the following trade(s):

• On Friday, September 13th, Alan Kenneth Ryder acquired 3,200 shares of Sagicor Financial stock. The stock was acquired at an average cost of C$5.81 per share, with a total value of C$18,592.00.
• On Wednesday, September 11th, Alan Kenneth Ryder purchased 1,800 shares of Sagicor Financial stock. The stock was acquired at an average price of C$5.81 per share, with a total value of C$10,458.00.

Sagicor Financial Trading Up 2.1 %

Shares of SFC opened at C$5.75 on Thursday. The stock’s 50-day moving average price is C$5.91. The firm has a market cap of C$811.15 million, a PE ratio of 1.32 and a beta of 0.21. Sagicor Financial Company Ltd. has a one year low of C$4.80 and a one year high of C$7.41.

Sagicor Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, August 27th were issued a dividend of $0.083 per share. This represents a $0.33 dividend on an annualized basis and a dividend yield of 5.77%. The ex-dividend date of this dividend was Tuesday, August 27th. Sagicor Financial’s dividend payout ratio (DPR) is 7.57%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on SFC shares. Scotiabank cut their price objective on shares of Sagicor Financial from C$10.00 to C$9.00 and set an “outperform” rating on the stock in a report on Friday, August 16th. Royal Bank of Canada cut their price target on shares of Sagicor Financial from C$9.00 to C$8.50 and set an “outperform” rating on the stock in a research note on Tuesday, August 20th.

About Sagicor Financial

Sagicor Financial Company Ltd., together with its subsidiaries, provides insurance products and related financial services in Jamaica, Barbados, Trinidad, Tobago, other Caribbean region, and the United States. It operates through three segments: Sagicor Jamaica, Sagicor Life, and Sagicor Life USA. The company offers life and health insurance products; employee benefits, including group health and group life benefits; and annuities, asset management, and property and casualty insurance.