Sagicor Financial (TSE:SFC) Price Target Lowered to C$9.00 at Scotiabank

Sagicor Financial (TSE:SFC) had its price objective cut by Scotiabank from C$10.00 to C$9.00 in a research note published on Friday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

Sagicor Financial Price Performance

SFC stock opened at C$6.09 on Friday. The stock has a 50 day moving average price of C$6.26. The stock has a market cap of C$859.12 million, a PE ratio of 1.38 and a beta of 0.21. Sagicor Financial has a one year low of C$4.25 and a one year high of C$7.41.

Sagicor Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, August 27th will be paid a $0.083 dividend. The ex-dividend date of this dividend is Tuesday, August 27th. This represents a $0.33 annualized dividend and a yield of 5.45%. Sagicor Financial’s payout ratio is currently 7.47%.

Insider Buying and Selling

In related news, Director Gilbert Samuel Palter acquired 7,200 shares of the business’s stock in a transaction dated Tuesday, June 18th. The shares were acquired at an average cost of C$6.50 per share, for a total transaction of C$46,800.00. 33.94% of the stock is currently owned by company insiders.

About Sagicor Financial

Sagicor Financial Company Ltd., together with its subsidiaries, provides insurance products and related financial services in Jamaica, Barbados, Trinidad, Tobago, other Caribbean region, and the United States. It operates through three segments: Sagicor Jamaica, Sagicor Life, and Sagicor Life USA. The company offers life and health insurance products; employee benefits, including group health and group life benefits; and annuities, asset management, and property and casualty insurance.