Insider Selling: Sun Life Financial Inc. (TSE:SLF) Senior Officer Sells 80,048 Shares of Stock

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

Sun Life Financial Price Performance

Shares of Sun Life Financial stock traded up C$1.31 on Tuesday, hitting C$88.91. The company's stock had a trading volume of 4,862,332 shares, compared to its average volume of 2,209,001. Sun Life Financial Inc. has a 52-week low of C$64.38 and a 52-week high of C$89.08. The company has a quick ratio of 84,866.00, a current ratio of 92.19 and a debt-to-equity ratio of 26.00. The firm has a fifty day moving average price of C$82.08 and a 200-day moving average price of C$82.90. The company has a market capitalization of C$50.78 billion, a P/E ratio of 13.41, a price-to-earnings-growth ratio of 1.33 and a beta of 0.94.

Sun Life Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 30th will be issued a $0.88 dividend. This represents a $3.52 dividend on an annualized basis and a yield of 3.96%. This is a positive change from Sun Life Financial's previous quarterly dividend of $0.84. The ex-dividend date of this dividend is Wednesday, May 28th. Sun Life Financial's dividend payout ratio is 48.87%.

Analysts Set New Price Targets

A number of research analysts have weighed in on SLF shares. TD Securities upped their price objective on shares of Sun Life Financial from C$83.00 to C$86.00 and gave the stock a "hold" rating in a research report on Friday, May 9th. Cormark upgraded shares of Sun Life Financial from a "hold" rating to a "moderate buy" rating in a research report on Thursday, February 13th. Scotiabank reduced their price target on Sun Life Financial from C$94.00 to C$90.00 and set an "outperform" rating on the stock in a report on Thursday, May 1st. 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 report on Thursday, May 1st. Finally, Royal Bank of Canada lifted their price target on shares of Sun Life Financial from C$82.00 to C$88.00 in a research note on Monday, May 12th. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Sun Life Financial presently has a consensus rating of "Moderate Buy" and an average target price 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.