Sun Life Financial (TSE:SLF) Price Target Raised to C$87.00

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its target price upped by Barclays from C$82.00 to C$87.00 in a report released on Monday,BayStreet.CA reports.

A number of other research analysts also recently commented on SLF. Scotiabank upped their price objective on Sun Life Financial from C$85.00 to C$96.00 in a research note on Thursday, November 14th. TD Securities lifted their price objective on shares of Sun Life Financial from C$81.00 to C$87.00 and gave the company a “hold” rating in a research report on Thursday, November 14th. CIBC boosted their target price on shares of Sun Life Financial from C$90.00 to C$96.00 in a research note on Wednesday, November 13th. Jefferies Financial Group raised their price target on shares of Sun Life Financial from C$90.00 to C$94.00 in a research note on Thursday, November 14th. Finally, Royal Bank of Canada boosted their price objective on Sun Life Financial from C$78.00 to C$82.00 in a research report on Wednesday, November 6th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$84.64.

Sun Life Financial Stock Down 0.1 %

TSE:SLF opened at C$84.12 on Monday. The company has a current ratio of 65.29, a quick ratio of 84,866.00 and a debt-to-equity ratio of 53.77. The stock has a 50 day moving average of C$84.54 and a 200-day moving average of C$76.56. The firm has a market capitalization of C$48.49 billion, a PE ratio of 15.93, a price-to-earnings-growth ratio of 1.33 and a beta of 0.94. Sun Life Financial has a 52 week low of C$64.38 and a 52 week high of C$88.54.

Sun Life Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Wednesday, November 27th were issued a $0.84 dividend. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.81. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $3.36 annualized dividend and a dividend yield of 3.99%. Sun Life Financial’s dividend payout ratio is 61.36%.

Insider Buying and Selling

In other Sun Life Financial news, Senior Officer Linda Dougherty bought 5,800 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The stock was acquired at an average cost of C$84.83 per share, with a total value of C$492,014.00. Also, Director Kevin Strain sold 85,943 shares of Sun Life Financial stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of C$84.71, for a total transaction of C$7,280,231.53. 0.03% of the stock is owned by corporate insiders.

About Sun Life Financial

Sun Life Financial is one of Canada’s Big Three life insurance companies along with Great-West Lifeco and Manulife. Sun Life provides insurance, retirement, and wealth-management services to individual and corporate customers in Canada, the United States, and Asia. It also owns MFS Investment Management, a Boston-based asset-management firm.