Sun Life Financial (TSE:SLF) Reaches New 52-Week High at $18.00

Sun Life Financial Inc. (TSE:SLFGet Free Report) (NYSE:SLF) hit a new 52-week high during trading on Tuesday . The company traded as high as C$18.00 and last traded at C$69.42, with a volume of 1157566 shares changing hands. The stock had previously closed at C$70.37.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Desjardins raised their price target on shares of Sun Life Financial from C$75.00 to C$77.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. BMO Capital Markets dropped their target price on Sun Life Financial from C$80.00 to C$79.00 and set an “outperform” rating for the company in a report on Monday, May 13th. Jefferies Financial Group raised their price objective on shares of Sun Life Financial from C$82.00 to C$83.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Evercore cut their price target on shares of Sun Life Financial from C$78.00 to C$76.00 and set an “outperform” rating for the company in a report on Monday, May 13th. Finally, National Bankshares lowered their price objective on Sun Life Financial from C$73.00 to C$72.00 in a research report on Friday, May 10th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Sun Life Financial currently has a consensus rating of “Moderate Buy” and an average target price of C$76.09.

Check Out Our Latest Stock Report on SLF

Sun Life Financial Trading Down 0.7 %

The company’s 50 day simple moving average is C$71.81 and its 200 day simple moving average is C$70.37. The company has a debt-to-equity ratio of 26.46, a current ratio of 56.69 and a quick ratio of 84,866.00. The firm has a market cap of C$40.63 billion, a price-to-earnings ratio of 13.30, a P/E/G ratio of 1.25 and a beta of 0.96.

Sun Life Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Wednesday, May 29th will be paid a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a dividend yield of 4.63%. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.78. The ex-dividend date is Wednesday, May 29th. Sun Life Financial’s dividend payout ratio is presently 61.25%.

Insider Buying and Selling

In other Sun Life Financial news, Senior Officer Daniel Fishbein sold 16,000 shares of the firm’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of C$74.45, for a total value of C$1,191,120.00. In other news, Senior Officer Daniel Fishbein sold 16,000 shares of the business’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of C$74.45, for a total value of C$1,191,120.00. Also, Director Stephanie Coyles purchased 900 shares of the business’s stock in a transaction on Tuesday, May 14th. The shares were purchased at an average cost of C$69.15 per share, for a total transaction of C$62,235.00. 0.03% of the stock is owned by insiders.

Sun Life Financial Company Profile

(Get Free Report)

Sun Life Financial Inc, a financial services company, provides savings, retirement, and pension products worldwide. The company operates in five segments: Asset Management, Canada, U.S., Asia, and Corporate. It offers various insurance products, such as term and permanent life; personal health, which includes prescription drugs, dental, and vision care; critical illness; long-term care; and disability, as well as reinsurance.

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