Sun Life Financial Inc (TSE:SLF) (NYSE:SLF) Director Dean Connor sold 28,103 shares of the stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of C$52.07, for a total transaction of C$1,463,323.21. Following the sale, the director now owns 86,047 shares of the company's stock, valued at C$4,480,467.29.
Dean Connor also recently made the following trade(s):
- On Thursday, July 2nd, Dean Connor sold 28,103 shares of Sun Life Financial stock. The stock was sold at an average price of C$49.38, for a total transaction of C$1,387,726.14.
- On Monday, June 1st, Dean Connor sold 28,103 shares of Sun Life Financial stock. The stock was sold at an average price of C$47.64, for a total transaction of C$1,338,826.92.
Shares of SLF traded up C$1.66 on Wednesday, hitting C$53.53. 1,677,431 shares of the stock traded hands, compared to its average volume of 2,174,422. The company has a market capitalization of $30.33 billion and a PE ratio of 13.28. The company has a debt-to-equity ratio of 16.39, a quick ratio of 860.94 and a current ratio of 934.32. The business has a 50 day simple moving average of C$50.86 and a 200 day simple moving average of C$51.80. Sun Life Financial Inc has a one year low of C$35.43 and a one year high of C$66.44.
Sun Life Financial (TSE:SLF) (NYSE:SLF) last announced its quarterly earnings results on Tuesday, May 5th. The financial services provider reported C$1.31 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of C$1.10 by C$0.21. The firm had revenue of C$6.47 billion for the quarter. On average, equities analysts expect that Sun Life Financial Inc will post 5.3100004 earnings per share for the current year.
Several brokerages have commented on SLF. Royal Bank of Canada upgraded shares of Sun Life Financial from a "sector perform" rating to an "outperform" rating and lowered their price objective for the stock from C$63.00 to C$61.00 in a report on Thursday, May 7th. TD Securities lifted their target price on shares of Sun Life Financial from C$49.00 to C$54.00 and gave the company a "buy" rating in a report on Thursday, May 7th. CIBC lifted their target price on shares of Sun Life Financial from C$57.00 to C$59.00 in a report on Thursday, May 7th. Finally, Canaccord Genuity lifted their target price on shares of Sun Life Financial from C$52.00 to C$55.50 in a report on Friday, July 24th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Sun Life Financial has a consensus rating of "Buy" and a consensus target price of C$63.59.
Sun Life Financial Company Profile
Sun Life Financial Inc, a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients worldwide. The company operates through five segments: Sun Life Financial Canada, Sun Life Financial United States, Sun Life Financial Asset Management, Sun Life Financial Asia, and Corporate.
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5 Travel Company Stocks Likely to Suffer From the Coronavirus
How important is the global travel and tourism industry? It’s a sector that accounts for about 10% of the world’s adult workforce. That’s 350 million people. The industry also accounts for at least 4% of the global gross domestic product (GDP).
In short, it’s an industry that accounts for trillions of dollars for the economy. And it relies on the most visible workers like pilots and cruise ship captains to the kitchen and housecleaning staff and servers. The travel industry is in many ways a service industry. But when there’s nobody to service, these businesses take a tumble.
And tumble it has. The world is going through a period of enforced social distancing. Many countries are taking even more extreme measures to lock down parts, or all, of their countries in an effort to contain the spread of the coronavirus and to flatten the curve to prevent healthcare workers and hospitals from being overwhelmed.
But that means fewer people are flying. Planned vacations are being canceled. And all of this is bad news for a sector that relies on the mobility of global travelers.
To be fair, the best of these companies should recover just fine. However, some of these companies had fundamental concerns that will be magnified by the loss of revenue.
View the "5 Travel Company Stocks Likely to Suffer From the Coronavirus".