Sun Life Financial Inc. (TSE:SLF) Receives C$76.18 Consensus Target Price from Analysts

Sun Life Financial Inc. (TSE:SLF) (NYSE:SLF) has received a consensus rating of “Moderate Buy” from the nine research firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is C$75.73.

SLF has been the subject of several research reports. Royal Bank of Canada reduced their price target on shares of Sun Life Financial from C$77.00 to C$76.00 and set an “outperform” rating for the company in a research report on Monday, May 13th. Scotiabank decreased their target price on shares of Sun Life Financial from C$76.00 to C$73.00 and set an “outperform” rating for the company in a research note on Monday, May 13th. CIBC raised their price target on Sun Life Financial from C$77.00 to C$80.00 and gave the stock an “outperform” rating in a report on Tuesday, April 30th. National Bankshares reduced their price objective on Sun Life Financial from C$73.00 to C$72.00 in a research note on Friday, May 10th. Finally, Evercore lowered their target price on Sun Life Financial from C$76.00 to C$75.00 in a research note on Thursday, July 11th.

Insider Buying and Selling at Sun Life Financial

In related news, Director Kevin Strain bought 12,000 shares of the firm’s stock in a transaction on Tuesday, June 4th. The shares were bought at an average cost of C$67.48 per share, for a total transaction of C$809,760.00. In other news, Director Stephanie Coyles purchased 900 shares of the stock in a transaction that occurred on Tuesday, May 14th. The shares were acquired at an average price of C$69.15 per share, for a total transaction of C$62,235.00. Also, Director Kevin Strain acquired 12,000 shares of Sun Life Financial stock in a transaction that occurred on Tuesday, June 4th. The shares were purchased at an average cost of C$67.48 per share, with a total value of C$809,760.00. 0.03% of the stock is owned by corporate insiders.

Sun Life Financial Stock Up 1.2 %

Sun Life Financial stock opened at C$68.83 on Tuesday. The company has a market capitalization of C$40.00 billion, a P/E ratio of 13.24, a PEG ratio of 1.25 and a beta of 0.96. The company has a debt-to-equity ratio of 26.46, a quick ratio of 84,866.00 and a current ratio of 56.69. Sun Life Financial has a fifty-two week low of C$61.84 and a fifty-two week high of C$74.94. The stock has a 50-day simple moving average of C$67.85 and a 200-day simple moving average of C$70.14.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last released its quarterly earnings results on Thursday, May 9th. The financial services provider reported C$1.50 EPS for the quarter, missing the consensus estimate of C$1.64 by C($0.14). The firm had revenue of C$6.88 billion for the quarter, compared to analyst estimates of C$9.96 billion. Sun Life Financial had a return on equity of 13.68% and a net margin of 10.12%. Equities research analysts expect that Sun Life Financial will post 6.3499079 earnings per share for the current year.

Sun Life Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Wednesday, May 29th were issued a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a yield of 4.71%. The ex-dividend date of this dividend was Wednesday, May 29th. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.78. Sun Life Financial’s dividend payout ratio is currently 62.31%.

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.