Shares of Sun Life Financial Inc. (TSE:SLF – Get Free Report) (NYSE:SLF) have been assigned an average recommendation of “Moderate Buy” from the ten research firms that are covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price target among brokerages that have covered the stock in the last year is C$76.09.
A number of equities research analysts have issued reports on SLF shares. Royal Bank of Canada boosted their price target on Sun Life Financial from C$76.00 to C$78.00 and gave the company an “outperform” rating in a research note on Wednesday, August 14th. Evercore cut their target price on shares of Sun Life Financial from C$76.00 to C$75.00 in a research report on Thursday, July 11th. TD Securities reduced their target price on shares of Sun Life Financial from C$73.00 to C$72.00 and set a “hold” rating for the company in a report on Tuesday, August 13th. Barclays set a C$76.00 price target on shares of Sun Life Financial and gave the stock an “equal weight” rating in a research note on Thursday, September 5th. Finally, National Bankshares boosted their price objective on shares of Sun Life Financial from C$72.00 to C$73.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 13th.
Sun Life Financial Trading Up 1.3 %
Sun Life Financial (TSE:SLF – Get Free Report) (NYSE:SLF) last released its quarterly earnings results on Monday, August 12th. The financial services provider reported C$1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.58 by C$0.13. Sun Life Financial had a return on equity of 13.65% and a net margin of 9.90%. The firm had revenue of C$8.92 billion for the quarter, compared to the consensus estimate of C$9.18 billion. Research analysts expect that Sun Life Financial will post 7.3314607 earnings per share for the current year.
Sun Life Financial Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Wednesday, August 28th were issued a $0.81 dividend. This represents a $3.24 annualized dividend and a yield of 4.10%. The ex-dividend date of this dividend was Wednesday, August 28th. Sun Life Financial’s dividend payout ratio is currently 61.36%.
Insiders Place Their Bets
In other news, Senior Officer Daniel Fishbein sold 15,999 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was sold at an average price of C$71.40, for a total value of C$1,142,323.80. 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, Senior Officer Daniel Fishbein sold 15,999 shares of the firm’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of C$71.40, for a total transaction of C$1,142,323.80. 0.03% of the stock is currently owned by company insiders.
About Sun Life Financial
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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