Sun Life Financial (TSE:SLF) Price Target Raised to C$79.00

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its target price hoisted by Barclays from C$76.00 to C$79.00 in a research report sent to investors on Tuesday,BayStreet.CA reports.

A number of other research firms also recently issued reports on SLF. Evercore dropped their target price on shares of Sun Life Financial from C$76.00 to C$75.00 in a research report on Thursday, July 11th. National Bankshares boosted their price objective on shares of Sun Life Financial from C$72.00 to C$73.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 13th. Jefferies Financial Group raised their target price on shares of Sun Life Financial from C$81.00 to C$89.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Scotiabank upped their price target on shares of Sun Life Financial from C$73.00 to C$85.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Finally, TD Securities raised their price objective on Sun Life Financial from C$77.00 to C$81.00 in a research report on Tuesday. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, Sun Life Financial has an average rating of “Moderate Buy” and a consensus price target of C$81.36.

Sun Life Financial Stock Up 0.7 %

Shares of SLF opened at C$82.63 on Tuesday. Sun Life Financial has a fifty-two week low of C$64.38 and a fifty-two week high of C$82.86. The company’s fifty day moving average is C$77.10 and its two-hundred day moving average is C$71.66. The firm has a market cap of C$47.64 billion, a PE ratio of 15.60, a price-to-earnings-growth ratio of 1.33 and a beta of 0.94. The company has a quick ratio of 84,866.00, a current ratio of 65.29 and a debt-to-equity ratio of 53.77.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last posted its quarterly earnings results on Monday, August 12th. The financial services provider reported C$1.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.58 by C$0.13. The firm had revenue of C$8.92 billion during the quarter, compared to the consensus estimate of C$9.18 billion. Sun Life Financial had a return on equity of 13.65% and a net margin of 9.90%. Analysts forecast that Sun Life Financial will post 6.9230769 earnings per share for the current year.

Sun Life Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Wednesday, November 27th will be paid a dividend of $0.84 per share. The ex-dividend date is Wednesday, November 27th. This is an increase from Sun Life Financial’s previous quarterly dividend of $0.81. This represents a $3.36 annualized dividend and a dividend yield of 4.07%. Sun Life Financial’s dividend payout ratio (DPR) is currently 61.36%.

Insider Buying and Selling

In other Sun Life Financial news, Senior Officer Linda Dougherty sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of C$75.30, for a total transaction of C$150,590.00. In related news, Director Stephanie Coyles purchased 500 shares of Sun Life Financial stock in a transaction dated Thursday, August 15th. The shares were acquired at an average price of C$70.00 per share, with a total value of C$35,000.00. Following the completion of the transaction, the director now owns 500 shares of the company’s stock, valued at approximately C$35,000. Also, Senior Officer Linda Dougherty sold 2,000 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of C$75.30, for a total value of C$150,590.00. 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.