Sun Life Financial (TSE:SLF) Hits New 12-Month High at $17.25

Sun Life Financial Inc. (TSE:SLF - Get Free Report) NYSE: SLF's stock price hit a new 52-week high on Monday . The company traded as high as C$17.25 and last traded at C$72.63, with a volume of 458160 shares. The stock had previously closed at C$71.75.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. TD Securities increased their price objective on Sun Life Financial from C$73.00 to C$75.00 and gave the company a "hold" rating in a report on Friday, April 12th. Evercore upped their price target on shares of Sun Life Financial from C$76.00 to C$78.00 and gave the company an "outperform" rating in a report on Tuesday, January 23rd. Desjardins raised their price target on Sun Life Financial from C$75.00 to C$77.00 and gave the company a "buy" rating in a research report on Friday, February 9th. National Bankshares boosted their price objective on Sun Life Financial from C$72.00 to C$73.00 and gave the stock a "sector perform" rating in a research report on Friday, April 26th. Finally, CIBC increased their target price on Sun Life Financial from C$77.00 to C$80.00 and gave the company an "outperform" rating in a research note on Tuesday, April 30th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of C$77.18.

Sun Life Financial Stock Up 1.3 %

The firm has a 50 day moving average price of C$72.32 and a 200-day moving average price of C$69.85. The firm has a market cap of C$42.32 billion, a price-to-earnings ratio of 13.81, a price-to-earnings-growth ratio of 1.25 and a beta of 0.96. The company has a debt-to-equity ratio of 78.47, a current ratio of 6.81 and a quick ratio of 84,866.00.

Sun Life Financial (TSE:SLF - Get Free Report) NYSE: SLF last issued its earnings results on Wednesday, February 7th. The financial services provider reported C$1.68 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.59 by C$0.09. The company had revenue of C$18.68 billion for the quarter. Sun Life Financial had a net margin of 10.26% and a return on equity of 13.98%. As a group, equities analysts predict that Sun Life Financial Inc. will post 6.9056785 EPS for the current fiscal year.

Sun Life Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Wednesday, February 28th were given a dividend of $0.78 per share. This is a boost from Sun Life Financial's previous quarterly dividend of $0.75. The ex-dividend date was Tuesday, February 27th. This represents a $3.12 annualized dividend and a dividend yield of 4.29%. Sun Life Financial's payout ratio is presently 59.32%.

Insider Activity

In other news, Senior Officer Daniel Fishbein sold 16,000 shares of the business's stock in a transaction dated Monday, February 26th. The stock was sold at an average price of C$74.45, for a total transaction of C$1,191,120.00. 0.03% of the stock is currently owned by company insiders.

About Sun Life Financial

Sun Life Financial Inc, a financial services company, provides savings, retirement, and pension products worldwide. The company operates in five segments: Asset Management, Canada, U.S., Asia, and Corporate. It offers various insurance products, such as term and permanent life; personal health, which includes prescription drugs, dental, and vision care; critical illness; long-term care; and disability, as well as reinsurance.

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.