Linda Dougherty Acquires 5,800 Shares of Sun Life Financial Inc. (TSE:SLF) Stock

Sun Life Financial Inc. (TSE:SLF) (NYSE:SLF) Senior Officer Linda Dougherty purchased 5,800 shares of the business’s stock in a transaction dated Friday, November 15th. The stock was purchased at an average price of C$84.83 per share, for a total transaction of C$492,014.00.

Linda Dougherty also recently made the following trade(s):

• On Thursday, September 12th, Linda Dougherty sold 2,000 shares of Sun Life Financial stock. The stock was sold at an average price of C$75.30, for a total transaction of C$150,590.00.

Sun Life Financial Trading Down 1.2 %

SLF opened at C$84.88 on Monday. The company has a fifty day moving average price of C$78.56 and a two-hundred day moving average price of C$72.32. Sun Life Financial Inc. has a 1-year low of C$64.38 and a 1-year high of C$86.39. The company has a market cap of C$48.93 billion, a P/E ratio of 16.08, a price-to-earnings-growth ratio of 1.33 and a beta of 0.94. The company has a current ratio of 65.29, a quick ratio of 84,866.00 and a debt-to-equity ratio of 53.77.

Sun Life Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st will be issued a dividend of $0.84 per share. This is a boost from Sun Life Financial’s previous quarterly dividend of $0.81. This represents a $3.36 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date of this dividend is Wednesday, November 27th. Sun Life Financial’s dividend payout ratio (DPR) is currently 61.36%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on SLF shares. National Bankshares raised their price target on Sun Life Financial from C$72.00 to C$73.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 13th. Royal Bank of Canada raised their target price on shares of Sun Life Financial from C$78.00 to C$82.00 in a research note on Wednesday, November 6th. Scotiabank upped their price target on shares of Sun Life Financial from C$85.00 to C$96.00 in a research report on Thursday. CIBC lifted their price objective on shares of Sun Life Financial from C$90.00 to C$96.00 in a research report on Wednesday, November 13th. Finally, Barclays upped their target price on shares of Sun Life Financial from C$79.00 to C$82.00 in a report on Thursday. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of C$84.18.

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.