National Bankshares Cuts Sun Life Financial (TSE:SLF) Price Target to C$72.00

Sun Life Financial (TSE:SLF - Free Report) NYSE: SLF had its price objective cut by National Bankshares from C$73.00 to C$72.00 in a report issued on Friday, BayStreet.CA reports.

A number of other brokerages have also recently issued reports on SLF. CIBC upped their target price on 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. BMO Capital Markets upped their target price on Sun Life Financial from C$70.00 to C$80.00 and gave the stock an outperform rating in a research report on Thursday, January 25th. Scotiabank upped their target price on Sun Life Financial from C$75.00 to C$76.00 in a research report on Tuesday, February 6th. TD Securities decreased their target price on Sun Life Financial from C$75.00 to C$71.00 in a research report on Friday. Finally, Evercore increased their price objective on Sun Life Financial from C$76.00 to C$78.00 and gave the company an outperform rating in a research report on Tuesday, January 23rd. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Sun Life Financial currently has an average rating of Moderate Buy and an average target price of C$76.73.

Sun Life Financial Stock Down 6.7 %

Shares of TSE SLF traded down C$4.92 during trading hours on Friday, hitting C$68.51. The stock had a trading volume of 4,316,713 shares, compared to its average volume of 1,836,053. The company has a market capitalization of C$39.90 billion, a P/E ratio of 13.02, a P/E/G ratio of 1.25 and a beta of 0.96. The firm's 50-day moving average price is C$72.34 and its two-hundred day moving average price is C$69.96. Sun Life Financial has a 52 week low of C$61.84 and a 52 week high of C$74.94. The company has a debt-to-equity ratio of 78.47, a quick ratio of 84,866.00 and a current ratio of 6.81.

Sun Life Financial (TSE:SLF - Get Free Report) NYSE: SLF last announced its quarterly earnings results on Wednesday, February 7th. The financial services provider reported C$1.68 EPS for the quarter, beating the consensus estimate of C$1.59 by C$0.09. The business had revenue of C$18.68 billion during the quarter. Sun Life Financial had a return on equity of 13.98% and a net margin of 10.26%. Analysts anticipate that Sun Life Financial will post 6.9056785 EPS for the current fiscal year.

Sun Life Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Wednesday, May 29th will be paid a $0.81 dividend. This represents a $3.24 dividend on an annualized basis and a dividend yield of 4.73%. This is a positive change from Sun Life Financial's previous quarterly dividend of $0.78. Sun Life Financial's dividend payout ratio is presently 59.32%.

Insiders Place Their Bets

In related news, Senior Officer Daniel Fishbein sold 16,000 shares of the business's stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of C$74.45, for a total value of C$1,191,120.00. Corporate insiders own 0.03% of the company's stock.

Sun Life Financial Company Profile

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.