Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price objective hoisted by Desjardins from C$58.00 to C$60.00 in a research report report published on Friday.
Other equities analysts have also issued research reports about the stock. Eight Capital upped their price objective on shares of Sun Life Financial from C$55.00 to C$57.00 in a report on Thursday, May 10th. CIBC upped their price objective on shares of Sun Life Financial from C$58.00 to C$59.00 in a report on Thursday, May 10th. Finally, BMO Capital Markets upped their price objective on shares of Sun Life Financial from C$61.00 to C$62.00 in a report on Thursday, May 10th. Five equities research analysts have rated the stock with a buy rating, The company has an average rating of Buy and an average price target of C$59.20.
Sun Life Financial traded up C$0.47, hitting C$52.83, during midday trading on Friday, Marketbeat reports. The stock had a trading volume of 993,300 shares, compared to its average volume of 1,084,376. Sun Life Financial has a 1-year low of C$45.77 and a 1-year high of C$56.09.
Sun Life Financial (TSE:SLF) (NYSE:SLF) last released its earnings results on Tuesday, May 8th. The financial services provider reported C$1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.12 by C$0.14. The business had revenue of C$5.99 billion for the quarter. Sun Life Financial had a net margin of 2.76% and a return on equity of 4.00%.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 29th. Investors of record on Wednesday, May 30th were issued a $0.475 dividend. This represents a $1.90 dividend on an annualized basis and a dividend yield of 3.60%. The ex-dividend date was Tuesday, May 29th. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.46.
In other Sun Life Financial news, Director Stephanie Coyles bought 500 shares of the stock in a transaction that occurred on Friday, May 11th. The shares were bought at an average price of C$53.47 per share, for a total transaction of C$26,735.00.
About Sun Life Financial
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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