Sun Life Financial Inc. (TSE:SLF) Director Kevin Strain Sells 85,943 Shares

Sun Life Financial Inc. (TSE:SLF) (NYSE:SLF) 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.

Sun Life Financial Stock Performance

TSE SLF opened at C$84.88 on Friday. The company has a debt-to-equity ratio of 53.77, a current ratio of 65.29 and a quick ratio of 84,866.00. Sun Life Financial Inc. has a 1-year low of C$64.38 and a 1-year high of C$86.39. The firm has a market capitalization of C$48.93 billion, a P/E ratio of 16.08, a P/E/G ratio of 1.33 and a beta of 0.94. The business’s 50-day simple moving average is C$78.56 and its 200-day simple moving average is C$72.32.

Sun Life Financial Increases Dividend

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

Analyst Ratings Changes

A number of analysts recently commented on the company. TD Securities increased their price objective on Sun Life Financial from C$81.00 to C$87.00 and gave the company a “hold” rating in a research note on Thursday. Scotiabank raised their price objective on Sun Life Financial from C$85.00 to C$96.00 in a report on Thursday. Jefferies Financial Group upped their target price on Sun Life Financial from C$90.00 to C$94.00 in a research note on Thursday. Barclays raised their price target on Sun Life Financial from C$79.00 to C$82.00 in a research note on Thursday. Finally, National Bankshares upped 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 note on Tuesday, August 13th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of C$84.18.

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.