Sun Life Financial Inc. (TSE:SLF) Senior Officer Sells C$7,020,209.60 in Stock

Sun Life Financial Inc. (TSE:SLF - Get Free Report) NYSE: SLF Senior Officer Stephen Peacher sold 80,048 shares of the stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of C$87.70, for a total transaction of C$7,020,209.60.

Sun Life Financial Price Performance

SLF stock traded up C$0.06 during trading on Thursday, reaching C$87.59. 213,141 shares of the company were exchanged, compared to its average volume of 2,158,614. The company has a market capitalization of C$50.03 billion, a price-to-earnings ratio of 13.21, a P/E/G ratio of 1.33 and a beta of 0.94. 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 company has a 50-day moving average of C$81.68 and a two-hundred day moving average of C$82.74. Sun Life Financial Inc. has a twelve month low of C$64.38 and a twelve month high of C$88.85.

Sun Life Financial Increases Dividend

The business 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 is Wednesday, May 28th. 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 4.02%. Sun Life Financial's dividend payout ratio is 48.87%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on SLF shares. Scotiabank cut their price target on Sun Life Financial from C$94.00 to C$90.00 and set an "outperform" rating for the company in a research note on Thursday, May 1st. Royal Bank of Canada upped their target price on Sun Life Financial from C$82.00 to C$88.00 in a research report 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. CIBC decreased their target price on shares of Sun Life Financial from C$94.00 to C$89.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. Finally, Cormark upgraded shares of Sun Life Financial from a "hold" rating to a "moderate buy" rating in a research report on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Sun Life Financial presently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.