Sun Life Financial Inc. (TSE:SLF - Get Free Report) NYSE: SLF's stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$83.72 and traded as high as C$87.50. Sun Life Financial shares last traded at C$86.45, with a volume of 1,258,679 shares trading hands.
Wall Street Analysts Forecast Growth
A number of analysts have commented on the company. Royal Bank Of Canada reduced their target price on Sun Life Financial from C$88.00 to C$84.00 in a report on Monday, August 11th. National Bankshares lowered Sun Life Financial from an "outperform" rating to a "sector perform" rating and reduced their target price for the stock from C$93.00 to C$87.00 in a report on Friday, August 8th. TD Securities raised Sun Life Financial from a "hold" rating to a "buy" rating and lifted their target price for the stock from C$89.00 to C$101.00 in a report on Wednesday. National Bank Financial lowered Sun Life Financial from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 7th. Finally, Desjardins reduced their target price on Sun Life Financial from C$95.00 to C$90.00 and set a "buy" rating for the company in a report on Monday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of C$88.11.
Read Our Latest Analysis on SLF
Sun Life Financial Stock Up 1.9%
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 company has a market cap of C$48.45 billion, a P/E ratio of 15.33, a price-to-earnings-growth ratio of 1.33 and a beta of 0.84. The company has a fifty day moving average of C$81.82 and a 200 day moving average of C$83.72.
Sun Life Financial Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, September 29th. Investors 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 annualized dividend and a dividend yield of 4.1%. Sun Life Financial's payout ratio is presently 59.75%.
Insider Activity at Sun Life Financial
In other news, insider Thomas Murphy acquired 3,389 shares of the business's stock in a transaction that occurred on Wednesday, August 13th. The stock was bought at an average price of C$79.37 per share, with a total value of C$268,973.75. Following the completion of the acquisition, the insider directly owned 3,389 shares of the company's stock, valued at approximately C$268,973.75. The trade was a ∞ increase in their position. Insiders acquired a total of 4,262 shares of company stock valued at $338,105 over the last three months. Insiders own 0.03% of the company's stock.
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.
Further Reading
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.
Before you consider Sun Life Financial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Sun Life Financial wasn't on the list.
While Sun Life Financial currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
We are about to experience the greatest A.I. boom in stock market history...
Thanks to a pivotal economic catalyst, specific tech stocks will skyrocket just like they did during the "dot com" boom in the 1990s.
That’s why, we’ve hand-selected 7 tiny tech disruptor stocks positioned to surge.
- The first pick is a tiny under-the-radar A.I. stock that's trading for just $3.00. This company already has 98 registered patents for cutting-edge voice and sound recognition technology... And has lined up major partnerships with some of the biggest names in the auto, tech, and music industry... plus many more.
- The second pick presents an affordable avenue to bolster EVs and AI development…. Analysts are calling this stock a “buy” right now and predict a high price target of $19.20, substantially more than its current $6 trading price.
- Our final and favorite pick is generating a brand-new kind of AI. It's believed this tech will be bigger than the current well-known leader in this industry… Analysts predict this innovative tech is gearing up to create a tidal wave of new wealth, fueling a $15.7 TRILLION market boom.
Right now, we’re staring down the barrel of a true once-in-a-lifetime moment. As an investment opportunity, this kind of breakthrough doesn't come along every day.
And the window to get in on the ground-floor — maximizing profit potential from this expected market surge — is closing quickly...
Simply enter your email below to get the names and tickers of the 7 small stocks with potential to make investors very, very happy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
