Sun Life Financial (TSE:SLF) Reaches New 1-Year High at $74.83

Sun Life Financial Inc. (TSE:SLFGet Free Report) (NYSE:SLF)’s share price reached a new 52-week high on Thursday . The company traded as high as C$74.83 and last traded at C$74.66, with a volume of 33019 shares. The stock had previously closed at C$74.29.

Analyst Upgrades and Downgrades

A number of research firms recently commented on SLF. TD Securities lifted their price target on shares of Sun Life Financial from C$62.00 to C$73.00 and gave the stock a “hold” rating in a research note on Thursday, February 8th. BMO Capital Markets boosted their price objective on shares of Sun Life Financial from C$70.00 to C$80.00 and gave the company an “outperform” rating in a research report on Thursday, January 25th. Evercore upped their price target on shares of Sun Life Financial from C$76.00 to C$78.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 23rd. Royal Bank of Canada boosted their price objective on shares of Sun Life Financial from C$76.00 to C$77.00 and gave the stock an “outperform” rating in a research note on Friday, February 9th. Finally, CIBC boosted their price objective on shares of Sun Life Financial from C$75.00 to C$77.00 and gave the stock an “outperform” rating in a research note on Friday, February 9th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of C$76.50.

View Our Latest Stock Analysis on SLF

Sun Life Financial Price Performance

The firm has a market capitalization of C$43.08 billion, a price-to-earnings ratio of 14.03, a PEG ratio of 1.25 and a beta of 0.97. The stock’s 50-day moving average price is C$71.55 and its 200 day moving average price is C$68.67. The company has a quick ratio of 84,866.00, a current ratio of 6.81 and a debt-to-equity ratio of 78.47.

Sun Life Financial (TSE:SLFGet Free Report) (NYSE:SLF) last posted its quarterly earnings data on Wednesday, February 7th. The financial services provider reported C$1.68 EPS for the quarter, beating the consensus estimate of C$1.59 by C$0.09. Sun Life Financial had a net margin of 10.26% and a return on equity of 13.98%. The business had revenue of C$18.68 billion during the quarter. Equities research analysts expect that Sun Life Financial Inc. will post 6.8633829 earnings per share for the current fiscal year.

Sun Life Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Wednesday, February 28th will be given a dividend of $0.78 per share. This represents a $3.12 annualized dividend and a dividend yield of 4.23%. The ex-dividend date is Tuesday, February 27th. This is an increase from Sun Life Financial’s previous quarterly dividend of $0.75. Sun Life Financial’s payout ratio is currently 59.32%.

Insider Transactions at Sun Life Financial

In other news, Senior Officer Daniel Fishbein sold 16,000 shares of Sun Life Financial stock in a transaction on Monday, February 26th. The shares were sold at an average price of C$74.45, for a total value of C$1,191,120.00. Insiders own 0.03% of the company’s stock.

About Sun Life Financial

(Get Free Report)

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.

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