Alan Kenneth Ryder Acquires 10,000 Shares of Sagicor Financial (TSE:SFC) Stock

Key Points

• Director Alan Kenneth Ryder of Sagicor Financial purchased 10,000 shares at an average cost of C$7.82, increasing his total shares to 80,000 and boosting his stake by 14.29%.
• Scotiabank has raised its target price for Sagicor Financial from C$10.00 to C$11.00, reiterating an "outperform" rating, contributing to a consensus "Buy" rating among analysts.
• The company's current stock price is C$8.55, with a market capitalization of C$1.16 billion and a PE ratio of 10.96.

Sagicor Financial Company Ltd. (TSE:SFC - Get Free Report) Director Alan Kenneth Ryder acquired 10,000 shares of Sagicor Financial stock in a transaction that occurred on Tuesday, September 2nd. The shares were bought at an average price of C$7.82 per share, for a total transaction of C$78,200.00. Following the transaction, the director owned 80,000 shares of the company's stock, valued at C$625,600. This represents a 14.29% increase in their position.

Sagicor Financial Trading Down 0.2%

SFC stock traded down C$0.02 during midday trading on Tuesday, hitting C$8.59. 8,657 shares of the company's stock were exchanged, compared to its average volume of 37,563. Sagicor Financial Company Ltd. has a 1-year low of C$5.40 and a 1-year high of C$8.88. The business has a 50-day simple moving average of C$8.03 and a two-hundred day simple moving average of C$8.03. The stock has a market capitalization of C$1.17 billion, a PE ratio of 11.01 and a beta of 0.00.

Analyst Upgrades and Downgrades

Separately, Scotiabank lifted their price target on Sagicor Financial from C$10.00 to C$11.00 and gave the stock an "outperform" rating in a report on Friday, August 15th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of C$10.50.

About Sagicor Financial

Sagicor Financial Company Ltd. is a leading financial services provider with over 180 years of history in the Caribbean, over 90 years of history in Canada, and a growing presence in the United States with over 70 years of history. Sagicor offers a wide range of products and services, including life, health, and general insurance, banking, pensions, annuities, investment management, and real estate.