Sun Life Financial Inc. (TSE:SLF) Given Average Rating of “Moderate Buy” by Analysts

Sun Life Financial Inc. (TSE:SLFGet Free Report) (NYSE:SLF) has been given an average recommendation of “Moderate Buy” by the ten analysts that are currently covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is C$84.64.

SLF has been the subject of several analyst reports. Barclays raised their target price on Sun Life Financial from C$82.00 to C$87.00 in a research report on Monday, January 6th. CIBC increased their target price on shares of Sun Life Financial from C$90.00 to C$96.00 in a research report on Wednesday, November 13th. Royal Bank of Canada boosted their price target on shares of Sun Life Financial from C$78.00 to C$82.00 in a research report on Wednesday, November 6th. Cormark increased their price objective on shares of Sun Life Financial from C$82.00 to C$85.00 in a research report on Tuesday, November 5th. Finally, TD Securities boosted their target price on shares of Sun Life Financial from C$81.00 to C$87.00 and gave the company a “hold” rating in a report on Thursday, November 14th.

Check Out Our Latest Stock Report on SLF

Insider Activity at Sun Life Financial

In other Sun Life Financial news, Director Kevin Strain sold 85,943 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of C$84.71, for a total value of C$7,280,231.53. Also, Senior Officer Linda Dougherty acquired 5,800 shares of Sun Life Financial stock in a transaction dated Friday, November 15th. The shares were acquired at an average price of C$84.83 per share, with a total value of C$492,014.00. 0.03% of the stock is currently owned by corporate insiders.

Sun Life Financial Trading Down 0.3 %

Shares of TSE SLF opened at C$82.41 on Tuesday. The firm has a 50 day moving average price of C$84.86 and a two-hundred day moving average price of C$76.99. The stock has a market cap of C$47.51 billion, a P/E ratio of 15.61, a price-to-earnings-growth ratio of 1.33 and a beta of 0.94. Sun Life Financial has a 52-week low of C$64.38 and a 52-week high of C$88.54. The company has a debt-to-equity ratio of 53.77, a quick ratio of 84,866.00 and a current ratio of 65.29.

Sun Life Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Wednesday, November 27th were paid a $0.84 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This is an increase from Sun Life Financial’s previous quarterly dividend of $0.81. This represents a $3.36 annualized dividend and a dividend yield of 4.08%. Sun Life Financial’s dividend payout ratio (DPR) is currently 61.36%.

Sun Life Financial Company Profile

(Get Free Report

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.

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Analyst Recommendations for Sun Life Financial (TSE:SLF)

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