Sun Life Financial Inc. (TSE:SLF) Given Average Rating of “Moderate Buy” by Brokerages

Sun Life Financial Inc. (TSE:SLF) (NYSE:SLF) has received an average rating of “Moderate Buy” from the ten ratings firms that are presently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is C$84.18.

SLF has been the topic of several recent analyst reports. Barclays upped their price target on Sun Life Financial from C$79.00 to C$82.00 in a research note on Thursday, November 14th. Cormark increased their target price on shares of Sun Life Financial from C$82.00 to C$85.00 in a research note on Tuesday, November 5th. TD Securities boosted their price target on shares of 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. National Bankshares increased 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 report on Tuesday, August 13th. Finally, Royal Bank of Canada boosted their target price on Sun Life Financial from C$78.00 to C$82.00 in a research report on Wednesday, November 6th.

Sun Life Financial Trading Down 0.2 %

SLF opened at C$85.53 on Monday. The stock has a market capitalization of C$49.31 billion, a PE ratio of 16.20, a P/E/G ratio of 1.33 and a beta of 0.94. Sun Life Financial has a one year low of C$64.38 and a one year high of C$86.51. 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 business’s 50 day moving average price is C$79.61 and its 200 day moving average price is C$72.82.

Sun Life Financial Increases Dividend

The business 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 $0.84 dividend. 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 dividend on an annualized basis and a yield of 3.93%. Sun Life Financial’s dividend payout ratio (DPR) is 61.36%.

Insiders Place Their Bets

In other Sun Life Financial news, Senior Officer Linda Dougherty purchased 5,800 shares of the business’s stock in a transaction on Friday, November 15th. The shares were bought at an average cost of C$84.83 per share, for a total transaction of C$492,014.00. Also, Director Kevin Strain sold 85,943 shares of the company’s stock in a transaction dated 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 company 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.