Sun Life Financial Inc. (TSE:SLF) (NYSE:SLF) has been assigned a consensus recommendation of “Buy” from the fourteen research firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$76.31.
Several research analysts recently issued reports on SLF shares. Scotiabank upped their target price on Sun Life Financial from C$77.00 to C$78.00 in a research report on Friday, November 5th. Veritas Investment Research lowered Sun Life Financial from a “buy” rating to a “reduce” rating in a research report on Friday, November 5th. Cormark upped their target price on Sun Life Financial from C$69.00 to C$73.00 and gave the company a “buy” rating in a research report on Wednesday, October 27th. National Bank Financial increased their price objective on Sun Life Financial to C$78.00 and gave the company an “outperform” rating in a report on Friday, October 29th. Finally, National Bankshares raised their price objective on Sun Life Financial from C$78.00 to C$79.00 and gave the stock an “outperform” rating in a research note on Thursday, November 4th.
TSE:SLF traded up C$0.13 during mid-day trading on Thursday, hitting C$69.77. 4,864,978 shares of the company’s stock traded hands, compared to its average volume of 2,075,776. The company has a fifty day moving average of C$68.60 and a 200 day moving average of C$66.05. Sun Life Financial has a twelve month low of C$54.71 and a twelve month high of C$71.73. The company has a market capitalization of C$40.88 billion and a P/E ratio of 11.40. The company has a debt-to-equity ratio of 20.01, a quick ratio of 1,053.41 and a current ratio of 1,108.38.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 31st. Shareholders of record on Wednesday, November 24th will be issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date is Tuesday, November 23rd. Sun Life Financial’s payout ratio is presently 35.94%.
In other news, Senior Officer Colm Joseph Freyne sold 29,881 shares of the firm’s stock in a transaction that occurred on Wednesday, November 10th. The shares were sold at an average price of C$70.56, for a total transaction of C$2,108,322.68.
Sun Life Financial Company Profile
Sun Life Financial Inc, a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients worldwide. It offers term and permanent life, as well as health, dental, critical illness, long-term care, and disability insurance products. The company also provides reinsurance products; investment counselling and portfolio management services; mutual funds and segregated funds; trust and banking services; real estate property brokerage and appraisal services; and merchant banking services.
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