Sun Life Financial Inc. (TSE:SLF) Given Average Rating of "Moderate Buy" by Analysts

Shares of Sun Life Financial Inc. (TSE:SLF - Get Free Report) NYSE: SLF have been assigned a consensus rating of "Moderate Buy" from the ten ratings firms that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is C$86.60.

SLF has been the subject of a number of recent research reports. Barclays boosted their target price on Sun Life Financial from C$85.00 to C$87.00 in a research report on Friday, April 11th. National Bankshares cut their price objective on shares of Sun Life Financial from C$95.00 to C$93.00 and set an "outperform" rating for the company in a research note on Thursday, February 13th. CIBC lowered their price target on shares of Sun Life Financial from C$95.00 to C$94.00 and set an "outperform" rating for the company in a research note on Tuesday, February 25th. National Bank Financial raised Sun Life Financial from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, January 14th. Finally, Jefferies Financial Group lowered their target price on Sun Life Financial from C$96.00 to C$90.00 in a research note on Monday.

Sun Life Financial Price Performance

SLF traded up C$0.15 during trading on Thursday, reaching C$78.26. The stock had a trading volume of 1,464,239 shares, compared to its average volume of 2,251,393. The company has a debt-to-equity ratio of 26.00, a quick ratio of 84,866.00 and a current ratio of 92.19. The business has a 50-day moving average of C$79.39 and a 200-day moving average of C$81.87. Sun Life Financial has a one year low of C$64.38 and a one year high of C$88.54. The stock has a market cap of C$44.70 billion, a PE ratio of 11.80, a PEG ratio of 1.33 and a beta of 0.94.

Sun Life Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 31st were issued a $0.84 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $3.36 annualized dividend and a yield of 4.29%. Sun Life Financial's dividend payout ratio (DPR) is presently 48.87%.

Sun Life Financial Company Profile

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.