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Sagicor Financial (TSE:SFC) Reaches New 1-Year High - Here's What Happened

Sagicor Financial logo with Financial Services background

Sagicor Financial Company Ltd. (TSE:SFC - Get Free Report)'s share price hit a new 52-week high during trading on Friday . The company traded as high as C$8.71 and last traded at C$8.67, with a volume of 9161 shares. The stock had previously closed at C$8.56.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on SFC. National Bankshares lifted their price objective on shares of Sagicor Financial from C$9.50 to C$11.00 and gave the stock an "outperform" rating in a research report on Monday, March 17th. Royal Bank Of Canada set a C$9.00 price target on Sagicor Financial and gave the stock an "outperform" rating in a research report on Tuesday, April 15th. Acumen Capital raised their price objective on Sagicor Financial from C$10.25 to C$11.00 and gave the stock a "buy" rating in a research report on Monday, March 17th. Finally, Scotiabank upped their target price on Sagicor Financial from C$10.00 to C$12.00 and gave the company an "outperform" rating in a research report on Monday, March 17th.

Get Our Latest Research Report on SFC

Sagicor Financial Price Performance

The firm has a market cap of C$827.14 million, a PE ratio of 1.65 and a beta of 0.20. The stock's fifty day simple moving average is C$8.05 and its 200-day simple moving average is C$7.45.

Insiders Place Their Bets

In other Sagicor Financial news, Director Dodridge Denton Miller sold 50,000 shares of Sagicor Financial stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of C$7.86, for a total value of C$392,940.00. 34.21% of the stock is currently owned by insiders.

Sagicor Financial Company Profile

(Get Free Report)

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.

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