Daniel Fishbein Sells 37,662 Shares of Sun Life Financial Inc. (TSE:SLF) Stock

Sun Life Financial Inc. (TSE:SLF - Get Free Report) NYSE: SLF Senior Officer Daniel Fishbein sold 37,662 shares of the company's stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of C$87.60, for a total transaction of C$3,299,191.20.

Sun Life Financial Stock Performance

SLF traded up C$0.68 during trading hours on Friday, hitting C$89.25. 5,063,571 shares of the stock were exchanged, compared to its average volume of 2,265,232. 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 stock has a market cap of C$50.98 billion, a price-to-earnings ratio of 13.46, 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$89.40. The stock has a 50-day simple moving average of C$82.65 and a 200-day simple moving average of C$83.06.

Sun Life Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 30th will be issued a dividend of $0.88 per share. The ex-dividend date of this dividend is Wednesday, May 28th. This is a positive change from Sun Life Financial's previous quarterly dividend of $0.84. This represents a $3.52 dividend on an annualized basis and a dividend yield of 3.94%. Sun Life Financial's payout ratio is 48.87%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Royal Bank of Canada raised 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. National Bankshares dropped their price target on 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. Cormark upgraded Sun Life Financial from a "hold" rating to a "moderate buy" rating in a research note on Thursday, February 13th. Jefferies Financial Group lowered their price target on shares of Sun Life Financial from C$96.00 to C$90.00 in a report on Monday, April 21st. Finally, Scotiabank cut their target price on shares of Sun Life Financial from C$94.00 to C$90.00 and set an "outperform" rating for the company in a research report on Thursday, May 1st. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of C$86.89.

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.