Sagicor Financial (TSE:SFC) Shares Down 2.5% – What’s Next?

Sagicor Financial Company Ltd. (TSE:SFC)’s stock price dropped 2.5% during mid-day trading on Friday . The company traded as low as C$8.40 and last traded at C$8.52. Approximately 75,720 shares changed hands during mid-day trading, an increase of 14% from the average daily volume of 66,293 shares. The stock had previously closed at C$8.74.

Analyst Ratings Changes

SFC has been the subject of a number of recent research reports. National Bank Financial set a C$13.00 target price on Sagicor Financial and gave the stock an “outperform” rating in a research report on Friday, April 24th. Royal Bank Of Canada set a C$10.00 target price on Sagicor Financial and gave the stock an “outperform” rating in a research report on Monday, January 19th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Sagicor Financial currently has a consensus rating of “Buy” and a consensus price target of C$11.33.

Sagicor Financial Stock Down 2.5%

The company has a market capitalization of C$1.16 billion, a PE ratio of 17.82 and a beta of -0.03. The company has a 50-day moving average price of C$9.48 and a two-hundred day moving average price of C$9.14.

Sagicor Financial (TSE:SFC) last announced its quarterly earnings results on Wednesday, May 13th. The company reported C$0.26 earnings per share for the quarter. The company had revenue of C$791.91 million during the quarter. Sagicor Financial had a return on equity of 2.58% and a net margin of 1.16%. As a group, equities analysts anticipate that Sagicor Financial Company Ltd. will post 0.9578783 EPS for the current fiscal year.

Sagicor Financial Company Profile

Sagicor Financial Company Ltd. (TSX: SFC) is a leading financial services provider with over 185 years of history in the Caribbean, over 90 years of history in Canada, and over 70 years of history in the United States. Sagicor offers a wide range of products and services, including life, health, and general insurance, banking, pensions, annuities, investment management, and real estate. Sagicor’s registered office is located at Clarendon House, 2 Church Street, Hamilton, HM 11, Bermuda, with its principal office located at Cecil F De Caires Building, Wildey, St.