Insider Buying: Sagicor Financial (TSE:SFC) Director Purchases C$171,000.00 in Stock

Sagicor Financial Company Ltd. (TSE:SFC) Director Alan Kenneth Ryder acquired 20,000 shares of the business’s stock in a transaction on Tuesday, May 19th. The shares were purchased at an average cost 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 in the company, valued at approximately C$855,000. This represents a 25.00% increase in their position.

Sagicor Financial Stock Performance

Sagicor Financial stock opened at C$8.37 on Friday. The stock’s 50 day simple moving average is C$9.37 and its two-hundred day simple moving average is C$9.16. The stock has a market cap of C$1.14 billion, a price-to-earnings ratio of 47.56 and a beta of -0.03. Sagicor Financial Company Ltd. has a fifty-two week low of C$7.21 and a fifty-two week high of C$10.53.

Sagicor Financial (TSE:SFC) last posted its quarterly earnings data on Wednesday, May 13th. The company reported C$0.26 earnings per share for the quarter. The business 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%. On average, analysts predict that Sagicor Financial Company Ltd. will post 0.9578783 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

About Sagicor Financial

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.