National Bank Financial Weighs in on TSE:SFC FY2024 Earnings

Sagicor Financial Company Ltd. (TSE:SFC) – Equities researchers at National Bank Financial raised their FY2024 earnings estimates for Sagicor Financial in a report issued on Monday, November 18th. National Bank Financial analyst G. Dechaine now forecasts that the company will earn $0.82 per share for the year, up from their previous estimate of $0.29. The consensus estimate for Sagicor Financial’s current full-year earnings is $0.96 per share.

Other research analysts have also issued research reports about the stock. Scotiabank dropped their price objective on shares of Sagicor Financial from C$10.00 to C$9.00 and set an “outperform” rating for the company in a report on Friday, August 16th. Royal Bank of Canada cut their price target on shares of Sagicor Financial from C$9.00 to C$8.50 and set an “outperform” rating on the stock in a report on Tuesday, August 20th.

Sagicor Financial Price Performance

Shares of SFC stock opened at C$6.29 on Thursday. The company has a market cap of C$887.33 million, a price-to-earnings ratio of 1.42 and a beta of 0.20. Sagicor Financial has a twelve month low of C$5.40 and a twelve month high of C$7.41. The stock’s fifty day moving average price is C$6.00.

Insider Transactions at Sagicor Financial

In other Sagicor Financial news, Director Alan Kenneth Ryder acquired 10,000 shares of the company’s stock in a transaction dated Monday, September 30th. The shares were bought at an average cost of C$5.57 per share, with a total value of C$55,700.00. Insiders purchased 15,000 shares of company stock worth $84,750 over the last ninety days. 34.21% of the stock is owned by insiders.

Sagicor Financial Company Profile

Sagicor Financial Company Ltd., together with its subsidiaries, provides insurance products and related financial services in Jamaica, Barbados, Trinidad, Tobago, other Caribbean region, and the United States. It operates through three segments: Sagicor Jamaica, Sagicor Life, and Sagicor Life USA. The company offers life and health insurance products; employee benefits, including group health and group life benefits; and annuities, asset management, and property and casualty insurance.