TD Securities upgraded shares of Sun Life Financial (TSE:SLF) (NYSE:SLF) from a hold rating to a buy rating in a report published on Monday. TD Securities currently has C$60.00 price target on the financial services provider’s stock, up from their previous price target of C$54.00.
A number of other research analysts have also weighed in on SLF. Barclays lifted their price objective on shares of Sun Life Financial from C$53.00 to C$55.00 in a research note on Thursday, January 11th. Royal Bank of Canada lifted their price objective on shares of Sun Life Financial from C$53.00 to C$56.00 and gave the company an outperform rating in a research note on Friday, November 10th. National Bank Financial lifted their price objective on shares of Sun Life Financial from C$53.00 to C$54.00 and gave the company an outperform rating in a research note on Thursday, November 9th. Finally, CSFB lifted their price objective on shares of Sun Life Financial from C$52.00 to C$54.00 in a research note on Wednesday, November 1st. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of C$55.13.
Shares of Sun Life Financial (TSE:SLF) opened at C$54.60 on Monday. Sun Life Financial has a one year low of C$43.51 and a one year high of C$54.84. The stock has a market cap of $33,380.00, a P/E ratio of 12.61 and a beta of 0.56.
Sun Life Financial (TSE:SLF) (NYSE:SLF) last issued its quarterly earnings results on Wednesday, November 8th. The financial services provider reported C$1.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of C$0.98 by C$0.07. Sun Life Financial had a net margin of 15.30% and a return on equity of 16.34%.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Wednesday, November 29th were paid a $0.02 dividend. The ex-dividend date was Tuesday, November 28th. This represents a $0.08 dividend on an annualized basis and a yield of 0.15%. Sun Life Financial’s dividend payout ratio is 39.49%.
In other news, insider Colm Joseph Freyne sold 17,731 shares of the business’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of C$49.93, for a total transaction of C$885,308.83. Also, Director Dean Connor sold 50,042 shares of the business’s stock in a transaction on Monday, November 20th. The shares were sold at an average price of C$50.37, for a total transaction of C$2,520,615.54.
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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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