Sun Life Financial Inc (TSE:SLF) (NYSE:SLF) had its price target raised by TD Securities from C$53.00 to C$54.00 in a research note released on Thursday. They currently have a hold rating on the financial services provider’s stock.
A number of other equities analysts also recently weighed in on SLF. National Bank Financial boosted their price target on shares of Sun Life Financial from C$53.00 to C$54.00 and gave the stock an outperform rating in a report on Thursday. Royal Bank Of Canada boosted their price target on shares of Sun Life Financial from C$51.00 to C$53.00 and gave the stock an outperform rating in a report on Friday, August 11th. Scotiabank boosted their price target on shares of Sun Life Financial from C$52.00 to C$53.00 and gave the stock a sector perform rating in a report on Friday, August 11th. CSFB boosted their price target on shares of Sun Life Financial from C$52.00 to C$54.00 in a report on Wednesday, November 1st. Finally, Barclays PLC boosted their price target on shares of Sun Life Financial from C$52.00 to C$53.00 in a report on Wednesday, July 12th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of C$54.17.
Sun Life Financial (TSE:SLF) opened at C$49.29 on Thursday. Sun Life Financial has a fifty-two week low of C$43.51 and a fifty-two week high of C$53.75.
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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Wednesday, November 29th will be issued a dividend of $0.02 per share. This represents a $0.08 annualized dividend and a yield of 0.16%. The ex-dividend date is Tuesday, November 28th. Sun Life Financial’s dividend payout ratio (DPR) is presently 38.89%.
In other Sun Life Financial news, insider Kevin Strain sold 34,298 shares of the company’s stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of C$49.15, for a total transaction of C$1,685,746.70.
About Sun Life Financial
Sun Life Financial Inc is the holding company of Sun Life Assurance Company of Canada. The Company is a financial services company providing a range of insurance, wealth and asset management solutions to individuals and corporate Clients. It operates through five segments. The Sun Life Financial Canada segment provides retail insurance and investment advice, products and services to people across Canada.
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