Sun Life Financial Inc. (TSE:SLF) Senior Officer Linda Dougherty Acquires 5,800 Shares

Sun Life Financial Inc. (TSE:SLF) (NYSE:SLF) Senior Officer Linda Dougherty bought 5,800 shares of the stock in a transaction on Friday, November 15th. The shares were bought at an average cost of C$84.83 per share, for a total transaction of C$492,014.00.

Linda Dougherty also recently made the following trade(s):

• On Thursday, September 12th, Linda Dougherty sold 2,000 shares of Sun Life Financial stock. The shares were sold at an average price of C$75.30, for a total transaction of C$150,590.00.

Sun Life Financial Stock Down 1.2 %

Shares of TSE SLF opened at C$84.88 on Friday. The stock has a 50-day moving average price of C$78.56 and a two-hundred day moving average price of C$72.32. The company has a market cap of C$48.93 billion, a price-to-earnings ratio of 16.08, a PEG ratio of 1.33 and a beta of 0.94. Sun Life Financial Inc. has a 12 month low of C$64.38 and a 12 month high of C$86.39. 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.

Sun Life Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st will be paid a $0.84 dividend. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.81. This represents a $3.36 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date of this dividend is Wednesday, November 27th. Sun Life Financial’s payout ratio is currently 61.36%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Barclays lifted their price objective on shares of Sun Life Financial from C$79.00 to C$82.00 in a research report on Thursday. National Bankshares upped their price target on shares of Sun Life Financial from C$72.00 to C$73.00 and gave the company a “sector perform” rating in a report on Tuesday, August 13th. Cormark upped their price target on Sun Life Financial from C$82.00 to C$85.00 in a report on Tuesday, November 5th. CIBC lifted their target price on shares of Sun Life Financial from C$90.00 to C$96.00 in a research report on Wednesday. Finally, Scotiabank boosted their target price on Sun Life Financial from C$85.00 to C$96.00 in a report on Thursday. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$84.18.

Sun Life Financial Company Profile

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.