Sun Life Financial Inc. (TSE:SLF) Receives C$84.18 Consensus Target Price from Analysts

Sun Life Financial Inc. (TSE:SLF) (NYSE:SLF) has earned an average recommendation of “Moderate Buy” from the ten research firms that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is C$84.18.

SLF has been the subject of several recent research reports. Scotiabank lifted their target price on shares of Sun Life Financial from C$85.00 to C$96.00 in a report on Thursday, November 14th. Cormark boosted their target price on Sun Life Financial from C$82.00 to C$85.00 in a report on Tuesday, November 5th. Barclays raised their price target on Sun Life Financial from C$79.00 to C$82.00 in a report on Thursday, November 14th. National Bankshares upped their price target on shares of Sun Life Financial from C$72.00 to C$73.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 13th. Finally, Jefferies Financial Group raised their price objective on shares of Sun Life Financial from C$90.00 to C$94.00 in a research note on Thursday, November 14th.

Sun Life Financial Stock Down 0.2 %

TSE:SLF opened at C$85.53 on Monday. 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 firm’s 50-day moving average price is C$79.61 and its 200-day moving average price is C$72.82. The company has a market capitalization of C$49.31 billion, a PE ratio of 16.20, a P/E/G ratio of 1.33 and a beta of 0.94. Sun Life Financial has a 1-year low of C$64.38 and a 1-year high of C$86.51.

Sun Life Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Wednesday, November 27th will be issued a $0.84 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $3.36 annualized dividend and a dividend yield of 3.93%. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.81. Sun Life Financial’s payout ratio is presently 61.36%.

Insider Activity at Sun Life Financial

In other news, Senior Officer Linda Dougherty sold 2,000 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of C$75.30, for a total value of C$150,590.00. Also, Director Kevin Strain sold 85,943 shares of the business’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of C$84.71, for a total transaction of C$7,280,231.53. 0.03% of the stock is currently owned by company 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.