Sun Life Financial Inc. (TSE:SLF) Receives C$84.18 Consensus PT from Analysts

Sun Life Financial Inc. (TSE:SLF) (NYSE:SLF) has been assigned a consensus rating of “Moderate Buy” from the ten analysts that are covering the company, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is C$84.18.

A number of research analysts recently commented on the company. Jefferies Financial Group upped their price objective on Sun Life Financial from C$90.00 to C$94.00 in a research note on Thursday, November 14th. Barclays lifted their price target on shares of Sun Life Financial from C$79.00 to C$82.00 in a research report on Thursday, November 14th. CIBC increased their target price on Sun Life Financial from C$90.00 to C$96.00 in a report on Wednesday, November 13th. Cormark increased their target price on shares of Sun Life Financial from C$82.00 to C$85.00 in a research report on Tuesday, November 5th. Finally, TD Securities boosted their price target on Sun Life Financial from C$81.00 to C$87.00 and gave the company a “hold” rating in a research note on Thursday, November 14th.

Insider Transactions at Sun Life Financial

In other Sun Life Financial news, Director Kevin Strain sold 85,943 shares of the company’s stock in a transaction on Friday, November 15th. The stock was sold at an average price of C$84.71, for a total transaction of C$7,280,231.53. Also, Senior Officer Linda Dougherty acquired 5,800 shares of the stock in a transaction that occurred on Friday, November 15th. The shares were bought at an average price of C$84.83 per share, with a total value of C$492,014.00. 0.03% of the stock is currently owned by corporate insiders.

Sun Life Financial Price Performance

Sun Life Financial stock opened at C$85.61 on Friday. The firm has a 50 day moving average price of C$82.27 and a 200 day moving average price of C$74.44. Sun Life Financial has a 1 year low of C$64.38 and a 1 year high of C$88.54. The company has a debt-to-equity ratio of 53.77, a quick ratio of 84,866.00 and a current ratio of 65.29. The company has a market cap of C$49.35 billion, a price-to-earnings ratio of 16.21, a PEG ratio of 1.33 and a beta of 0.94.

Sun Life Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Wednesday, November 27th will be issued a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a yield of 3.92%. This is an increase from Sun Life Financial’s previous quarterly dividend of $0.81. The ex-dividend date of this dividend is Wednesday, November 27th. Sun Life Financial’s payout ratio is presently 61.36%.

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.