Sagicor Financial (TSE:SFC) Trading Up 1.4% – What’s Next?

Sagicor Financial Company Ltd. (TSE:SFC)’s share price was up 1.4% during mid-day trading on Monday . The company traded as high as C$8.53 and last traded at C$8.46. Approximately 42,945 shares traded hands during mid-day trading, a decline of 38% from the average daily volume of 68,877 shares. The stock had previously closed at C$8.34.

Analysts Set New Price Targets

Separately, National Bank Financial set a C$13.00 price objective on shares of Sagicor Financial and gave the company an “outperform” rating in a research report on Friday, April 24th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of C$11.33.

Sagicor Financial Stock Performance

The firm has a market cap of C$1.17 billion, a price-to-earnings ratio of 48.98 and a beta of -0.11. The stock has a 50-day moving average of C$8.72 and a 200-day moving average of C$9.19.

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

Insider Activity at Sagicor Financial

In other news, Director Alan Kenneth Ryder purchased 20,000 shares of the stock in a transaction dated Tuesday, May 19th. The stock was acquired at an average price of C$8.55 per share, for a total transaction of C$171,000.00. Following the completion of the transaction, the director owned 100,000 shares of the company’s stock, valued at approximately C$855,000. The trade was a 25.00% increase in their ownership of the stock. Insiders have bought a total of 24,400 shares of company stock worth $206,900 in the last three months. 34.21% of the stock is currently owned by corporate insiders.

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.