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National Bankshares Has Lowered Expectations for Sun Life Financial (TSE:SLF) Stock Price

Sun Life Financial logo with Financial Services background

Sun Life Financial (TSE:SLF - Free Report) NYSE: SLF had its price target reduced by National Bankshares from C$94.00 to C$93.00 in a research report released on Friday morning,BayStreet.CA reports.

SLF has been the topic of several other reports. Barclays downgraded Sun Life Financial from a "hold" rating to a "strong sell" rating in a report on Monday, July 7th. Royal Bank Of Canada boosted their target price on Sun Life Financial from C$82.00 to C$88.00 in a report on Monday, May 12th. Jefferies Financial Group reduced their target price on Sun Life Financial from C$96.00 to C$90.00 in a report on Monday, April 21st. Scotiabank reduced their target price 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. Finally, CIBC reduced their target price on 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. One investment analyst has rated the stock with a sell rating, one has given a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of C$88.38.

Get Our Latest Analysis on Sun Life Financial

Sun Life Financial Price Performance

TSE SLF traded up C$0.98 during trading on Friday, reaching C$85.98. 750,529 shares of the company traded hands, compared to its average volume of 2,164,139. 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 stock's 50 day moving average price is C$87.70 and its two-hundred day moving average price is C$83.54. The company has a market cap of C$49.11 billion, a price-to-earnings ratio of 12.97, a P/E/G ratio of 1.33 and a beta of 0.94. Sun Life Financial has a 1-year low of C$64.38 and a 1-year high of C$91.11.

Sun Life Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Monday, June 30th were issued a dividend of $0.88 per share. This is an increase from Sun Life Financial's previous quarterly dividend of $0.84. The ex-dividend date was Wednesday, May 28th. This represents a $3.52 annualized dividend and a yield of 4.09%. Sun Life Financial's dividend payout ratio is currently 48.87%.

Insider Transactions at Sun Life Financial

In other Sun Life Financial news, Senior Officer Daniel Fishbein sold 37,662 shares of the company's stock in a transaction on Tuesday, May 27th. The stock was sold at an average price of C$87.60, for a total transaction of C$3,299,191.20. Also, Director Kevin Strain acquired 3,850 shares of Sun Life Financial stock in a transaction on Thursday, June 5th. The shares were purchased at an average cost of C$89.10 per share, for a total transaction of C$343,035.00. Insiders sold a total of 188,721 shares of company stock worth $16,554,701 in the last quarter. 0.03% of the stock is owned by corporate insiders.

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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