Sun Life Financial (TSE:SLF) Price Target Raised to C$94.00 at Jefferies Financial Group

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price target upped by Jefferies Financial Group from C$90.00 to C$94.00 in a research report released on Thursday,BayStreet.CA reports.

A number of other brokerages have also commented on SLF. Barclays boosted their target price on Sun Life Financial from C$76.00 to C$79.00 in a research report on Tuesday, November 5th. Royal Bank of Canada boosted their price objective on Sun Life Financial from C$78.00 to C$82.00 in a report on Wednesday, November 6th. TD Securities increased their target price on Sun Life Financial from C$81.00 to C$87.00 and gave the stock a “hold” rating in a report on Thursday. National Bankshares raised their price objective on shares of Sun Life Financial from C$72.00 to C$73.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 13th. Finally, Cormark increased their price objective on Sun Life Financial from C$82.00 to C$85.00 in a research note on Tuesday, November 5th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, Sun Life Financial presently has an average rating of “Moderate Buy” and a consensus target price of C$84.18.

Sun Life Financial Trading Down 1.2 %

TSE:SLF opened at C$84.88 on Thursday. Sun Life Financial has a 12 month low of C$64.38 and a 12 month high of C$86.39. The company has a current ratio of 65.29, a quick ratio of 84,866.00 and a debt-to-equity ratio of 53.77. The stock has a market capitalization of C$48.93 billion, a price-to-earnings ratio of 16.08, a PEG ratio of 1.33 and a beta of 0.94. 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.

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 Tuesday, December 31st will be given a dividend of $0.84 per share. The ex-dividend date of this dividend 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 dividend yield of 3.96%. 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 business’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of C$75.30, for a total value of C$150,590.00. Also, Director Kevin Strain sold 85,943 shares of the stock in a transaction on Friday, November 15th. The stock was sold at an average price of C$84.71, for a total value of C$7,280,231.53. 0.03% of the stock is owned by insiders.

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.