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Sagicor Financial (TSE:SFC) Reaches New 1-Year High - Still a Buy?

Sagicor Financial logo with Financial Services background

Sagicor Financial Company Ltd. (TSE:SFC - Get Free Report)'s stock price reached a new 52-week high during trading on Thursday . The stock traded as high as C$8.37 and last traded at C$8.34, with a volume of 35568 shares changing hands. The stock had previously closed at C$8.00.

Analyst Ratings Changes

Several equities analysts recently commented on SFC shares. Acumen Capital upped their target price on shares of Sagicor Financial from C$10.25 to C$11.00 and gave the company a "buy" rating in a research note on Monday, March 17th. Royal Bank of Canada set a C$9.00 target price on shares of Sagicor Financial and gave the company an "outperform" rating in a research note on Tuesday, April 15th. National Bankshares upped their target price on shares of Sagicor Financial from C$9.50 to C$11.00 and gave the company an "outperform" rating in a research note on Monday, March 17th. Finally, Scotiabank upped their target price on shares of Sagicor Financial from C$10.00 to C$12.00 and gave the company an "outperform" rating in a research note on Monday, March 17th.

Get Our Latest Research Report on Sagicor Financial

Sagicor Financial Stock Up 3.4%

The stock has a market capitalization of C$817.63 million, a P/E ratio of 1.63 and a beta of 0.20. The firm has a 50-day moving average of C$7.93 and a 200 day moving average of C$7.32.

Insider Buying and Selling

In related news, Director Dodridge Denton Miller sold 183,400 shares of the firm's stock in a transaction on Monday, March 24th. The stock was sold at an average price of C$7.85, for a total value of C$1,439,745.02. 34.21% of the stock is owned by company insiders.

About Sagicor Financial

(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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