Sagicor Financial (TSE:SFC) Trading Up 0.2% - Time to Buy?

Key Points

• Sagicor Financial Company Ltd. shares rose 0.2% to C$8.20 during mid-day trading, with a trading volume significantly lower than average.
• Analysts have upgraded the stock, with National Bankshares setting a price target of C$11.00 and Scotiabank increasing theirs from C$10.00 to C$11.00, reflecting an "outperform" rating.
• Insider transactions include Director Alan Kenneth Ryder purchasing an additional 10,000 shares, increasing his ownership by 14.29% to total 80,000 shares.

Sagicor Financial Company Ltd. (TSE:SFC - Get Free Report) shot up 0.2% during mid-day trading on Thursday . The company traded as high as C$8.22 and last traded at C$8.20. 23,075 shares changed hands during trading, a decline of 36% from the average session volume of 36,046 shares. The stock had previously closed at C$8.18.

Analyst Ratings Changes

SFC has been the topic of a number of research reports. National Bankshares set a C$11.00 price objective on shares of Sagicor Financial and gave the stock an "outperform" rating in a report on Monday. Scotiabank boosted their target price on shares of 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 analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of C$10.50.

Sagicor Financial Price Performance

The stock's fifty day moving average price is C$8.26 and its 200 day moving average price is C$8.11. The stock has a market capitalization of C$1.11 billion, a P/E ratio of 10.51 and a beta of -0.08.

Insiders Place Their Bets

In other Sagicor Financial news, Director Alan Kenneth Ryder acquired 10,000 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The stock was bought at an average cost of C$7.82 per share, with a total value of C$78,200.00. Following the completion of the purchase, the director directly owned 80,000 shares in the company, valued at C$625,600. The trade was a 14.29% increase in their ownership of the stock. 34.21% of the stock is currently owned by company insiders.

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.

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