Sagicor Financial (TSE:SFC) Shares Up 0.8% - Still a Buy?

Key Points

• Sagicor Financial shares rose 0.8% to C$8.95, while trading volume fell 44% below the average session level. The stock has a C$1.22 billion market capitalization and trades at a price-to-earnings ratio of 50.85.
• Analysts remain bullish, with three Buy ratings, an average price target of C$11.33, and National Bank Financial assigning a C$13.00 target with an “outperform” rating.
• Director Alan Kenneth Ryder purchased 20,000 shares for C$171,000, increasing his position by 25%; insiders have bought 24,400 shares worth C$206,900 over the past 90 days.

Sagicor Financial Company Ltd. (TSE:SFC - Get Free Report) shares rose 0.8% on Wednesday . The company traded as high as C$8.95 and last traded at C$8.95. Approximately 39,607 shares changed hands during mid-day trading, a decline of 44% from the average session volume of 70,569 shares. The stock had previously closed at C$8.88.

Wall Street Analyst Weigh In

Separately, National Bank Financial set a C$13.00 target price on Sagicor Financial and gave the stock an "outperform" rating in a research report on Friday, April 24th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of "Buy" and an average target price of C$11.33.

Sagicor Financial Price Performance

The firm's 50-day simple moving average is C$8.53 and its two-hundred day simple moving average is C$9.05. The company has a market capitalization of C$1.22 billion, a price-to-earnings ratio of 50.85 and a beta of -0.09.

Sagicor Financial (TSE:SFC - Get Free Report) last posted its quarterly earnings results on Wednesday, May 13th. The company reported C$0.26 earnings per share (EPS) for the quarter. The company had revenue of C$791.91 million during the quarter. Sagicor Financial had a net margin of 1.16% and a return on equity of 2.58%. On average, analysts expect that Sagicor Financial Company Ltd. will post 0.9578783 EPS for the current fiscal year.

Insider Buying and Selling at Sagicor Financial

In other news, Director Alan Kenneth Ryder acquired 20,000 shares of the company's stock in a transaction that occurred on Tuesday, May 19th. The stock was purchased at an average cost of C$8.55 per share, with a total value of C$171,000.00. Following the purchase, the director directly owned 100,000 shares of the company's stock, valued at approximately C$855,000. This trade represents a 25.00% increase in their position. In the last 90 days, insiders purchased 24,400 shares of company stock valued at $206,900. Corporate insiders own 34.21% of the company's stock.

Sagicor Financial Company Profile

Sagicor Financial Company Ltd. TSX: SFC is a leading financial services provider with over 185 years of history in the Caribbean, over 90 years of history in Canada, and over 70 years of history in the United States. Sagicor offers a wide range of products and services, including life, health, and general insurance, banking, pensions, annuities, investment management, and real estate. Sagicor's registered office is located at Clarendon House, 2 Church Street, Hamilton, HM 11, Bermuda, with its principal office located at Cecil F De Caires Building, Wildey, St.

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