Sun Life Financial (TSE:SLF) Price Target Raised to C$82.00

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price target hoisted by Barclays from C$79.00 to C$82.00 in a research note issued to investors on Thursday,BayStreet.CA reports.

Several other brokerages have also recently weighed in on SLF. Jefferies Financial Group increased their target price on Sun Life Financial from C$90.00 to C$94.00 in a report on Thursday. Royal Bank of Canada increased their price objective on Sun Life Financial from C$78.00 to C$82.00 in a research note on Wednesday, November 6th. CIBC raised their target price on shares of Sun Life Financial from C$90.00 to C$96.00 in a report on Wednesday. National Bankshares upped their price target on shares of Sun Life Financial from C$72.00 to C$73.00 and gave the company a “sector perform” rating in a report on Tuesday, August 13th. Finally, Scotiabank raised their price target on shares of Sun Life Financial from C$85.00 to C$96.00 in a report on Thursday. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Sun Life Financial has a consensus rating of “Moderate Buy” and an average target price of C$84.18.

Sun Life Financial Stock Performance

Sun Life Financial stock opened at C$84.88 on Thursday. The firm has a fifty day simple moving average of C$78.56 and a two-hundred day simple moving average of C$72.32. 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 has a twelve month low of C$64.38 and a twelve month high of C$86.39. The company has a market capitalization of C$48.93 billion, a PE ratio of 16.08, a P/E/G ratio of 1.33 and a beta of 0.94.

Sun Life Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st will be issued a $0.84 dividend. The ex-dividend date is Wednesday, November 27th. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.81. This represents a $3.36 annualized dividend and a yield of 3.96%. Sun Life Financial’s dividend payout ratio (DPR) is 61.36%.

Insiders Place Their Bets

In other Sun Life Financial news, Director Kevin Strain sold 85,943 shares of the firm’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 bought 5,800 shares of the company’s stock in a transaction dated Friday, November 15th. The shares were acquired at an average price of C$84.83 per share, for a total transaction of C$492,014.00. Company 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.