Sun Life Financial Inc. (TSE:SLF) Director Acquires C$62,235.00 in Stock

Sun Life Financial Inc. (TSE:SLF - Get Free Report) NYSE: SLF Director Stephanie Coyles bought 900 shares of the business's stock in a transaction dated Tuesday, May 14th. The shares were purchased at an average price of C$69.15 per share, for a total transaction of C$62,235.00.

Sun Life Financial Price Performance

Shares of TSE SLF traded down C$0.14 during trading on Wednesday, hitting C$69.17. 4,705,440 shares of the company were exchanged, compared to its average volume of 1,888,151. 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 Inc. has a 1 year low of C$61.84 and a 1 year high of C$74.94. The company has a market cap of C$40.29 billion, a price-to-earnings ratio of 13.16, a PEG ratio of 1.25 and a beta of 0.96. The firm's fifty day moving average price is C$72.12 and its 200 day moving average price is C$70.20.

Sun Life Financial Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Wednesday, May 29th will be given a dividend of $0.81 per share. This is a positive change from Sun Life Financial's previous quarterly dividend of $0.78. This represents a $3.24 annualized dividend and a yield of 4.68%. The ex-dividend date of this dividend is Wednesday, May 29th. Sun Life Financial's dividend payout ratio is presently 59.32%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on SLF. Jefferies Financial Group boosted their price objective on Sun Life Financial from C$82.00 to C$83.00 and gave the company a "buy" rating in a research note on Wednesday, March 6th. National Bankshares reduced their price target on shares of Sun Life Financial from C$73.00 to C$72.00 in a research report on Friday, May 10th. CIBC raised their price objective on shares of Sun Life Financial from C$77.00 to C$80.00 and gave the stock an "outperform" rating in a research report on Tuesday, April 30th. Royal Bank of Canada dropped their price objective on shares of Sun Life Financial from C$77.00 to C$76.00 and set an "outperform" rating on the stock in a research note on Monday. Finally, Desjardins increased their target price on shares of Sun Life Financial from C$75.00 to C$77.00 and gave the stock a "buy" rating in a research note on Friday, February 9th. Two research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of C$76.09.

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.

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