Sagicor Financial Company Ltd. (TSE:SFC) Director Purchases C$18,592.00 in Stock

Sagicor Financial Company Ltd. (TSE:SFC) Director Alan Kenneth Ryder acquired 3,200 shares of the stock in a transaction dated Friday, September 13th. The stock was bought at an average price of C$5.81 per share, with a total value of C$18,592.00.

Alan Kenneth Ryder also recently made the following trade(s):

• On Wednesday, September 11th, Alan Kenneth Ryder purchased 1,800 shares of Sagicor Financial stock. The shares were acquired at an average price of C$5.81 per share, with a total value of C$10,458.00.

Sagicor Financial Stock Down 1.2 %

Shares of TSE SFC traded down C$0.07 during trading on Tuesday, hitting C$5.66. The stock had a trading volume of 19,510 shares, compared to its average volume of 8,318. The firm has a market capitalization of C$798.46 million, a P/E ratio of 1.30 and a beta of 0.21. The company’s fifty day moving average price is C$6.07. Sagicor Financial Company Ltd. has a 12 month low of C$4.66 and a 12 month high of C$7.41.

Sagicor Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, August 27th will be given a dividend of $0.083 per share. The ex-dividend date is Tuesday, August 27th. This represents a $0.33 annualized dividend and a yield of 5.87%. Sagicor Financial’s payout ratio is currently 7.36%.

Wall Street Analyst Weigh In

SFC has been the subject of a number of recent research reports. Scotiabank decreased their price target on shares of Sagicor Financial from C$10.00 to C$9.00 and set an “outperform” rating for the company in a research note on Friday, August 16th. Royal Bank of Canada reduced their target price on shares of Sagicor Financial from C$9.00 to C$8.50 and set an “outperform” rating for the company in a research note on Tuesday, August 20th.

About Sagicor Financial

Sagicor Financial Company Ltd., together with its subsidiaries, provides insurance products and related financial services in Jamaica, Barbados, Trinidad, Tobago, other Caribbean region, and the United States. It operates through three segments: Sagicor Jamaica, Sagicor Life, and Sagicor Life USA. The company offers life and health insurance products; employee benefits, including group health and group life benefits; and annuities, asset management, and property and casualty insurance.