Sun Life Financial Inc. (TSE:SLF) to Issue $0.84 Quarterly Dividend

Sun Life Financial Inc. (TSE:SLF) (NYSE:SLF) announced a quarterly dividend on Wednesday, February 12th,RTT News reports. Shareholders of record on Wednesday, February 26th will be given a dividend of 0.84 per share by the financial services provider on Monday, March 31st. This represents a $3.36 annualized dividend and a dividend yield of 3.97%.

Sun Life Financial Trading Up 1.4 %

Shares of TSE:SLF traded up C$1.13 during trading on Wednesday, reaching C$84.63. The stock had a trading volume of 2,255,422 shares, compared to its average volume of 1,657,811. The company has a quick ratio of 84,866.00, a current ratio of 65.29 and a debt-to-equity ratio of 53.77. The stock has a market cap of C$48.79 billion, a P/E ratio of 16.03, a PEG ratio of 1.33 and a beta of 0.94. The business has a fifty day moving average price of C$84.77 and a 200-day moving average price of C$79.33. Sun Life Financial has a fifty-two week low of C$64.38 and a fifty-two week high of C$88.54.

Insiders Place Their Bets

In other news, Senior Officer Linda Dougherty bought 5,800 shares of the firm’s stock in a transaction dated Friday, November 15th. The stock was acquired at an average cost of C$84.83 per share, for a total transaction of C$492,014.00. Also, 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 transaction of C$7,280,231.53. 0.03% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. TD Securities increased their price target on Sun Life Financial from C$81.00 to C$87.00 and gave the stock a “hold” rating in a research note on Thursday, November 14th. Jefferies Financial Group upped their price objective on shares of Sun Life Financial from C$90.00 to C$94.00 in a research note on Thursday, November 14th. National Bank Financial raised shares of Sun Life Financial from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Barclays boosted their target price on shares of Sun Life Financial from C$82.00 to C$87.00 in a report on Monday, January 6th. Finally, Cormark increased their price target on shares of Sun Life Financial from C$82.00 to C$85.00 in a research note on Tuesday, November 5th. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$87.70.

Sun Life Financial Company Profile

Sun Life Financial is one of Canada’s Big Three life insurance companies along with Great-West Lifeco and Manulife. Sun Life provides insurance, retirement, and wealth-management services to individual and corporate customers in Canada, the United States, and Asia. It also owns MFS Investment Management, a Boston-based asset-management firm.