Sun Life Financial (TSE:SLF – Free Report) (NYSE:SLF) had its price objective hoisted by CIBC from C$80.00 to C$90.00 in a research note published on Wednesday, BayStreet.CA reports. The brokerage currently has an outperform rating on the financial services provider’s stock.
Several other equities analysts have also recently commented on SLF. Evercore cut their target price on shares of Sun Life Financial from C$76.00 to C$75.00 in a research note on Thursday, July 11th. Barclays set a C$76.00 target price on Sun Life Financial and gave the stock an “equal weight” rating in a research report on Thursday, September 5th. Royal Bank of Canada upped their price target on Sun Life Financial from C$76.00 to C$78.00 and gave the company an “outperform” rating in a report on Wednesday, August 14th. Scotiabank raised their price objective on Sun Life Financial from C$73.00 to C$85.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Jefferies Financial Group boosted their price objective on Sun Life Financial from C$81.00 to C$89.00 and gave the company a “buy” rating in a research report on Wednesday, October 16th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of C$78.82.
Read Our Latest Stock Report on Sun Life Financial
Sun Life Financial Stock Performance
Sun Life Financial (TSE:SLF – Get Free Report) (NYSE:SLF) last posted its quarterly earnings data on Monday, August 12th. The financial services provider reported C$1.71 earnings per share for the quarter, topping the consensus estimate of C$1.58 by C$0.13. The business had revenue of C$8.92 billion during the quarter, compared to analysts’ expectations of C$9.18 billion. Sun Life Financial had a return on equity of 13.65% and a net margin of 9.90%. As a group, analysts expect that Sun Life Financial will post 6.9230769 earnings per share for the current year.
Sun Life Financial Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Wednesday, August 28th were given a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a yield of 4.17%. The ex-dividend date was Wednesday, August 28th. Sun Life Financial’s dividend payout ratio (DPR) is 61.36%.
Insider Buying and Selling at Sun Life Financial
In other news, Director Stephanie Coyles bought 500 shares of the stock in a transaction dated Thursday, August 15th. The shares were acquired at an average price of C$70.00 per share, with a total value of C$35,000.00. Following the acquisition, the director now owns 500 shares in the company, valued at C$35,000. In other news, Senior Officer Linda Dougherty sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of C$75.30, for a total transaction of C$150,590.00. Also, Director Stephanie Coyles bought 500 shares of the business’s stock in a transaction dated Thursday, August 15th. The stock was purchased at an average price of C$70.00 per share, with a total value of C$35,000.00. Following the purchase, the director now directly owns 500 shares of the company’s stock, valued at C$35,000. Company insiders own 0.03% of the company’s stock.
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.
Featured Stories
- Five stocks we like better than Sun Life Financial
- How to Effectively Use the MarketBeat Ratings Screener
- Battle of the Retailers: Who Comes Out on Top?
- 3 Warren Buffett Stocks to Buy Now
- HCA Healthcare: Temporary Setbacks, Long-Term Strength
- Retail Stocks Investing, Explained
- MarketBeat Week in Review – 10/28 – 11/1
Receive News & Ratings for Sun Life Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sun Life Financial and related companies with MarketBeat.com's FREE daily email newsletter.