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Sun Life Financial Inc. (TSE:SLF) Director Kevin Strain Acquires 3,850 Shares

Sun Life Financial logo with Financial Services background

Sun Life Financial Inc. (TSE:SLF - Get Free Report) NYSE: SLF Director Kevin Strain bought 3,850 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The shares were acquired at an average price of C$89.10 per share, with a total value of C$343,035.00.

Sun Life Financial Trading Down 0.0%

Shares of TSE:SLF traded down C$0.01 on Thursday, hitting C$88.41. 2,267,737 shares of the company's stock were exchanged, compared to its average volume of 2,306,401. The company has a debt-to-equity ratio of 26.00, a current ratio of 92.19 and a quick ratio of 84,866.00. The business's 50 day simple moving average is C$83.81 and its two-hundred day simple moving average is C$83.27. The stock has a market capitalization of C$50.50 billion, a price-to-earnings ratio of 13.34, a price-to-earnings-growth ratio of 1.33 and a beta of 0.94. Sun Life Financial Inc. has a 12 month low of C$64.38 and a 12 month high of C$89.73.

Sun Life Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 30th will be issued a $0.88 dividend. This is an increase from Sun Life Financial's previous quarterly dividend of $0.84. This represents a $3.52 annualized dividend and a dividend yield of 3.98%. The ex-dividend date of this dividend is Wednesday, May 28th. Sun Life Financial's payout ratio is presently 48.87%.

Analyst Ratings Changes

SLF has been the subject of several research analyst reports. Jefferies Financial Group cut their target price on Sun Life Financial from C$96.00 to C$90.00 in a research report on Monday, April 21st. Cormark raised Sun Life Financial from a "hold" rating to a "moderate buy" rating in a research note on Thursday, February 13th. TD Securities increased their price target on Sun Life Financial from C$83.00 to C$86.00 and gave the company a "hold" rating in a research note on Friday, May 9th. Royal Bank of Canada lifted their price objective on shares of Sun Life Financial from C$82.00 to C$88.00 in a research note on Monday, May 12th. Finally, CIBC dropped their price objective on shares of Sun Life Financial from C$94.00 to C$89.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. Two equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of C$86.89.

Read Our Latest Report on SLF

Sun Life Financial Company Profile

(Get Free Report)

Sun Life Financial is one of Canada's Big Three life insurance companies along with Great-West Lifeco and Manulife. Sun Life provides insurance, retirement, and wealth-management services to individual and corporate customers in Canada, the United States, and Asia. It also owns MFS Investment Management, a Boston-based asset-management firm.

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Insider Buying and Selling by Quarter for Sun Life Financial (TSE:SLF)

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