Sagicor Financial (TSE:SFC) Shares Down 0.7% - Here's What Happened

Sagicor Financial Company Ltd. (TSE:SFC - Get Free Report) shares traded down 0.7% during mid-day trading on Monday . The company traded as low as C$8.50 and last traded at C$8.53. 14,599 shares traded hands during trading, a decline of 69% from the average session volume of 46,460 shares. The stock had previously closed at C$8.59.

Analysts Set New Price Targets

SFC has been the subject of several analyst reports. National Bankshares increased 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 report on Monday, March 17th. Scotiabank raised their price target on shares of Sagicor Financial from C$10.00 to C$12.00 and gave the stock an "outperform" rating in a research note on Monday, March 17th. Royal Bank of Canada set a C$9.00 price objective on Sagicor Financial and gave the company an "outperform" rating in a research note on Tuesday, April 15th. Finally, Acumen Capital increased their price objective on Sagicor Financial from C$10.25 to C$11.00 and gave the company a "buy" rating in a report on Monday, March 17th.

Sagicor Financial Stock Down 1.8%

The firm has a market capitalization of C$812.87 million, a PE ratio of 1.62 and a beta of 0.20. The company has a 50-day moving average of C$7.98 and a 200 day moving average of C$7.38.

Insiders Place Their Bets

In other news, Director Dodridge Denton Miller sold 50,000 shares of the stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of C$7.86, for a total transaction of C$392,940.00. Insiders own 34.21% of the company's stock.

Sagicor Financial Company Profile

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.