Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price objective raised by CIBC from C$58.00 to C$59.00 in a research report report published on Thursday.
A number of other analysts have also recently commented on the stock. BMO Capital Markets upped their target price on shares of Sun Life Financial from C$61.00 to C$62.00 in a report on Thursday. Eight Capital upped their target price on shares of Sun Life Financial from C$55.00 to C$57.00 in a report on Thursday. Scotiabank reduced their target price on shares of Sun Life Financial from C$63.00 to C$61.00 and set an outperform rating for the company in a report on Friday, February 16th. Barclays upped their target price on shares of Sun Life Financial from C$55.00 to C$57.00 in a report on Friday, February 16th. Finally, Royal Bank of Canada upped their target price 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. Five equities research analysts have rated the stock with a buy rating, The company has a consensus rating of Buy and a consensus price target of C$59.11.
Shares of SLF stock opened at C$54.44 on Thursday. Sun Life Financial has a 12 month low of C$43.51 and a 12 month high of C$55.80.
Sun Life Financial (TSE:SLF) (NYSE:SLF) last announced its earnings results on Wednesday, February 14th. The financial services provider reported C$1.05 EPS for the quarter, beating the Zacks’ consensus estimate of C$1.03 by C$0.02. Sun Life Financial had a net margin of 2.76% and a return on equity of 4.00%. The business had revenue of C$8.65 billion during the quarter.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Wednesday, May 30th will be paid a $0.475 dividend. The ex-dividend date of this dividend is Tuesday, May 29th. This is a boost from Sun Life Financial’s previous quarterly dividend of $0.46. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.49%.
In other news, insider Kevin Strain sold 12,511 shares of the stock in a transaction on Friday, February 23rd. The shares were sold at an average price of C$53.84, for a total value of C$673,592.24. Also, insider Carolyn Diane Blair sold 3,890 shares of the stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of C$54.09, for a total transaction of C$210,410.10.
Sun Life Financial Company Profile
Sun Life Financial Inc, a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients, high-net-worth individuals, and families. It operates through Sun Life Financial Canada, Sun Life Financial United States, Sun Life Financial Asset Management, Sun Life Financial Asia, and Corporate segments.
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