Sun Life Financial Inc (TSE:SLF) (NYSE:SLF) insider Carolyn Diane Blair sold 3,890 shares of the business’s stock in a transaction on Wednesday, March 7th. The shares were sold at an average price of C$54.09, for a total transaction of C$210,410.10.
Shares of Sun Life Financial Inc (TSE SLF) opened at C$54.53 on Wednesday. Sun Life Financial Inc has a 1-year low of C$43.51 and a 1-year high of C$55.20. The company has a market cap of $33,460.00, a price-to-earnings ratio of 15.67 and a beta of 0.48.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 29th. Shareholders of record on Thursday, March 1st will be issued a $0.455 dividend. This represents a $1.82 annualized dividend and a yield of 3.34%. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend is Wednesday, February 28th. Sun Life Financial’s dividend payout ratio is presently 50.14%.
A number of equities research analysts have recently weighed in on SLF shares. Royal Bank of Canada boosted their price objective on shares of Sun Life Financial from C$56.00 to C$61.00 and gave the company an “outperform” rating in a report on Friday, February 16th. Barclays boosted their price objective on shares of Sun Life Financial from C$55.00 to C$57.00 in a report on Friday, February 16th. CIBC boosted their price objective on shares of Sun Life Financial from C$55.00 to C$58.00 in a report on Monday, January 15th. Eight Capital boosted their price objective on shares of Sun Life Financial from C$52.00 to C$55.00 in a report on Friday, February 16th. Finally, Scotiabank dropped their price objective on shares of Sun Life Financial from C$63.00 to C$61.00 and set an “outperform” rating on the stock in a report on Friday, February 16th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of C$58.67.
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Sun Life Financial Company Profile
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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