Sun Life Financial Inc. (TSE:SLF - Get Free Report) NYSE: SLF shares reached a new 52-week high during trading on Tuesday . The stock traded as high as C$18.39 and last traded at C$87.60, with a volume of 912737 shares traded. The stock had previously closed at C$86.24.
Analyst Ratings Changes
A number of equities analysts recently commented on SLF shares. National Bank Financial cut shares of Sun Life Financial from a "strong-buy" rating to a "hold" rating in a research note on Thursday, August 7th. Argus upgraded Sun Life Financial to a "strong-buy" rating in a report on Thursday, September 4th. Royal Bank Of Canada lowered their price objective on shares of Sun Life Financial from C$88.00 to C$84.00 in a research note on Monday, August 11th. TD Securities raised shares of Sun Life Financial from a "hold" rating to a "buy" rating and upped their price target for the stock from C$89.00 to C$101.00 in a research report on Wednesday, October 8th. Finally, Barclays upped their price target on shares of Sun Life Financial from C$82.00 to C$84.00 and gave the stock an "underweight" rating in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Sun Life Financial presently has an average rating of "Moderate Buy" and an average target price of C$88.11.
Check Out Our Latest Stock Report on SLF
Sun Life Financial Price Performance
The stock has a 50 day simple moving average of C$81.96 and a two-hundred day simple moving average of C$83.83. 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 firm has a market cap of C$49.10 billion, a PE ratio of 15.53, a price-to-earnings-growth ratio of 1.33 and a beta of 0.84.
Sun Life Financial Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 29th were issued a $0.88 dividend. The ex-dividend date of this dividend was Wednesday, August 27th. This represents a $3.52 dividend on an annualized basis and a yield of 4.0%. Sun Life Financial's payout ratio is presently 59.75%.
Insider Buying and Selling at Sun Life Financial
In other Sun Life Financial news, insider Thomas Murphy purchased 3,389 shares of the business's stock in a transaction that occurred on Wednesday, August 13th. The stock was purchased at an average price of C$79.37 per share, for a total transaction of C$268,973.75. Following the purchase, the insider directly owned 3,389 shares in the company, valued at approximately C$268,973.75. This trade represents a ∞ increase in their ownership of the stock. In the last ninety days, insiders bought 4,262 shares of company stock valued at $338,105. 0.03% of the stock is owned by insiders.
Sun Life Financial Company Profile
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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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