Sun Life Financial Inc. (TSE:SLF - Get Free Report) NYSE: SLF Senior Officer Jacques Jr. Goulet sold 44,199 shares of Sun Life Financial stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of C$88.17, for a total value of C$3,897,025.83.
Jacques Jr. Goulet also recently made the following trade(s):
- On Tuesday, May 13th, Jacques Jr. Goulet sold 26,812 shares of Sun Life Financial stock. The stock was sold at an average price of C$87.21, for a total value of C$2,338,274.52.
Sun Life Financial Stock Down 0.0%
Shares of TSE:SLF traded down C$0.01 during trading on Thursday, reaching C$88.41. 2,267,737 shares of the stock were exchanged, compared to its average volume of 2,306,401. The company has a debt-to-equity ratio of 26.00, a current ratio of 92.19 and a quick ratio of 84,866.00. Sun Life Financial Inc. has a 1-year low of C$64.38 and a 1-year high of C$89.73. The stock has a fifty day moving average of C$83.81 and a two-hundred day moving average of C$83.27. The firm has a market cap of C$50.50 billion, a price-to-earnings ratio of 13.34, a price-to-earnings-growth ratio of 1.33 and a beta of 0.94.
Sun Life Financial Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 30th will be given a dividend of $0.88 per share. This represents a $3.52 dividend on an annualized basis and a dividend yield of 3.98%. This is a positive change from Sun Life Financial's previous quarterly dividend of $0.84. The ex-dividend date is Wednesday, May 28th. Sun Life Financial's dividend payout ratio is presently 48.87%.
Analysts Set New Price Targets
A number of equities analysts recently commented on SLF shares. Barclays cut their price objective on Sun Life Financial from C$87.00 to C$86.00 in a research note on Friday, May 9th. Royal Bank of Canada boosted their price target on Sun Life Financial from C$82.00 to C$88.00 in a research note on Monday, May 12th. CIBC dropped their price target on Sun Life Financial from C$94.00 to C$89.00 and set an "outperform" rating on the stock in a research note on Thursday, May 1st. Cormark raised Sun Life Financial from a "hold" rating to a "moderate buy" rating in a research note on Thursday, February 13th. Finally, National Bankshares dropped their price target on Sun Life Financial from C$95.00 to C$93.00 and set an "outperform" rating on the stock in a research note on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Sun Life Financial has an average rating of "Moderate Buy" and a consensus target price of C$86.89.
Check Out Our Latest Stock Report on SLF
About Sun Life Financial
(
Get Free Report)
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.
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