Sun Life Financial Inc (TSE:SLF) (NYSE:SLF) insider Colm Joseph Freyne sold 17,731 shares of the stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of C$49.93, for a total transaction of C$885,308.83.
Sun Life Financial Inc (TSE SLF) traded down C$0.01 during mid-day trading on Tuesday, reaching C$51.43. 915,997 shares of the company’s stock were exchanged, compared to its average volume of 1,235,874. Sun Life Financial Inc has a 12 month low of C$43.51 and a 12 month high of C$53.25.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Wednesday, November 29th will be given a dividend of $0.02 per share. The ex-dividend date is Tuesday, November 28th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.16%. Sun Life Financial’s dividend payout ratio (DPR) is presently 39.49%.
Several brokerages have weighed in on SLF. Royal Bank Of Canada increased their target price on shares of Sun Life Financial from C$51.00 to C$53.00 and gave the stock an “outperform” rating in a research note on Friday, August 11th. National Bank Financial increased their target price on shares of Sun Life Financial from C$53.00 to C$54.00 and gave the stock an “outperform” rating in a research note on Thursday, November 9th. TD Securities increased their price target on shares of Sun Life Financial from C$53.00 to C$54.00 and gave the stock a “hold” rating in a research report on Thursday, November 9th. Scotiabank increased their price target on shares of Sun Life Financial from C$52.00 to C$53.00 and gave the stock a “sector perform” rating in a research report on Friday, August 11th. Finally, CSFB increased their price target on shares of Sun Life Financial from C$52.00 to C$54.00 in a research report on Wednesday, November 1st. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of C$54.17.
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About Sun Life Financial
Sun Life Financial Inc is the holding company of Sun Life Assurance Company of Canada. The Company is a financial services company providing a range of insurance, wealth and asset management solutions to individuals and corporate Clients. It operates through five segments. The Sun Life Financial Canada segment provides retail insurance and investment advice, products and services to people across Canada.
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