Sun Life Financial (TSE:SLF) Insider Acquires C$268,973.75 in Stock

Key Points

• Insider Thomas Murphy acquired a total of 3,389 shares of Sun Life Financial at an average price of C$79.37 per share, increasing his ownership of the stock significantly.
• Sun Life Financial recently declared a quarterly dividend of $0.88, with an annualized dividend yield of 4.3%.
• Analysts have recently adjusted their price targets for Sun Life Financial, with many lowering their expectations, while maintaining a consensus rating of "Moderate Buy."

Sun Life Financial Inc. (TSE:SLF - Get Free Report) NYSE: SLF insider Thomas Murphy acquired 3,389 shares of the business's stock in a transaction on Wednesday, August 13th. The shares were bought at an average cost of C$79.37 per share, for a total transaction of C$268,973.75. Following the acquisition, the insider owned 3,389 shares of the company's stock, valued at C$268,973.75. This represents a ∞ increase in their position.

Thomas Murphy also recently made the following trade(s):

• On Wednesday, August 13th, Thomas Murphy acquired 269 shares of Sun Life Financial stock. The shares were bought at an average cost of C$79.22 per share, for a total transaction of C$21,309.13.
• On Wednesday, August 13th, Thomas Murphy acquired 200 shares of Sun Life Financial stock. The shares were bought at an average cost of C$79.20 per share, for a total transaction of C$15,840.48.
• On Wednesday, August 13th, Thomas Murphy acquired 17 shares of Sun Life Financial stock. The shares were bought at an average cost of C$79.15 per share, for a total transaction of C$1,345.51.
• On Wednesday, August 13th, Thomas Murphy bought 150 shares of Sun Life Financial stock. The stock was acquired at an average cost of C$79.19 per share, for a total transaction of C$11,878.31.

Sun Life Financial Stock Performance

Shares of Sun Life Financial stock traded down C$0.40 during trading on Friday, reaching C$82.02. The company's stock had a trading volume of 90,620 shares, compared to its average volume of 2,118,916. The company has a 50-day moving average price of C$82.67 and a two-hundred day moving average price of C$83.28. The firm has a market cap of C$46.10 billion, a PE ratio of 14.54, a P/E/G ratio of 1.33 and a beta of 0.87. Sun Life Financial Inc. has a fifty-two week low of C$74.56 and a fifty-two week high of C$91.11. The company has a current ratio of 92.19, a quick ratio of 84,866.00 and a debt-to-equity ratio of 26.00.

Sun Life Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 29th. Stockholders of record on Monday, September 29th will be issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Wednesday, August 27th. Sun Life Financial's payout ratio is presently 59.75%.

Wall Street Analyst Weigh In

SLF has been the topic of a number of recent research reports. National Bank Financial cut shares of Sun Life Financial from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 7th. Scotiabank cut their target price on shares of Sun Life Financial from C$88.00 to C$83.00 and set a "sector perform" rating on the stock in a report on Monday, August 11th. Barclays cut shares of Sun Life Financial from a "hold" rating to a "strong sell" rating in a report on Monday, July 7th. Royal Bank Of Canada cut their target price on shares of Sun Life Financial from C$88.00 to C$84.00 in a report on Monday, August 11th. Finally, Argus upgraded shares of Sun Life Financial to a "strong-buy" rating in a research report on Thursday, September 4th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of C$86.67.

About Sun Life Financial

Sun Life Financial is one of Canada's Big Three life insurance companies along with Great-West Lifeco and Manulife. Sun Life provides insurance, retirement, and wealth-management services to individual and corporate customers in Canada, the United States, and Asia. It also owns MFS Investment Management, a Boston-based asset-management firm.