Sun Life Financial Inc (TSE:SLF) (NYSE:SLF)’s share price hit a new 52-week high on Tuesday . The stock traded as high as C$19.45 and last traded at C$51.58, with a volume of 373419 shares trading hands. The stock had previously closed at C$51.61.
SLF has been the topic of several recent analyst reports. National Bank Financial raised their price objective on Sun Life Financial from C$53.00 to C$54.00 and gave the company an “outperform” rating in a research note on Thursday, November 9th. TD Securities raised their price objective on Sun Life Financial from C$53.00 to C$54.00 and gave the company a “hold” rating in a research note on Thursday, November 9th. CSFB raised their price objective on Sun Life Financial from C$52.00 to C$54.00 in a research note on Wednesday, November 1st. Finally, Royal Bank of Canada lifted their target price on Sun Life Financial from C$53.00 to C$56.00 and gave the stock an “outperform” rating in a research note on Friday, November 10th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of C$54.22.
The company has a market capitalization of $31,580.00, a P/E ratio of 11.91 and a beta of 0.56.
In related news, Director Dean Connor sold 50,042 shares of the business’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of C$50.37, for a total value of C$2,520,615.54. Also, insider Colm Joseph Freyne sold 17,731 shares of the business’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of C$49.93, for a total value of C$885,308.83.
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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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