Sun Life Financial (TSE:SLF) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Sun Life Financial Inc. (TSE:SLF) (NYSE:SLF)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$81.72 and traded as high as C$82.85. Sun Life Financial shares last traded at C$82.36, with a volume of 1,844,626 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Royal Bank of Canada set a C$82.00 target price on shares of Sun Life Financial and gave the company an “outperform” rating in a research note on Monday, March 17th. Cormark upgraded shares of Sun Life Financial from a “hold” rating to a “moderate buy” rating in a research report on Thursday, February 13th. National Bankshares reduced their target price on Sun Life Financial from C$95.00 to C$93.00 and set an “outperform” rating on the stock in a report on Thursday, February 13th. National Bank Financial upgraded Sun Life Financial from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th. Finally, Barclays lifted their price objective on Sun Life Financial from C$82.00 to C$87.00 in a report on Monday, January 6th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Sun Life Financial has an average rating of “Moderate Buy” and a consensus price target of C$87.00.

Sun Life Financial Trading Up 1.2 %

The company has a debt-to-equity ratio of 26.00, a quick ratio of 84,866.00 and a current ratio of 92.19. The stock has a market cap of C$48.07 billion, a price-to-earnings ratio of 12.69, a P/E/G ratio of 1.33 and a beta of 0.94. The business has a 50-day simple moving average of C$81.19 and a two-hundred day simple moving average of C$81.73.

Sun Life Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 31st were given a dividend of $0.84 per share. The ex-dividend date was Wednesday, February 26th. This represents a $3.36 annualized dividend and a yield of 3.99%. Sun Life Financial’s dividend payout ratio (DPR) is presently 48.87%.

Sun Life Financial Company Profile

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.