Sun Life Financial (TSE:SLF) Stock Price Passes Above 200 Day Moving Average of $61.55

Sun Life Financial Inc. (TSE:SLF – Get Rating) (NYSE:SLF)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$61.55 and traded as high as C$67.54. Sun Life Financial shares last traded at C$67.28, with a volume of 2,952,233 shares.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Evercore lifted their price target on shares of Sun Life Financial from C$73.00 to C$76.00 in a research report on Thursday, February 9th. Canaccord Genuity Group boosted their price objective on shares of Sun Life Financial from C$72.00 to C$75.00 in a report on Friday, February 10th. TD Securities boosted their price objective on shares of Sun Life Financial from C$68.00 to C$71.00 and gave the company a “hold” rating in a report on Thursday, February 9th. Barclays boosted their price objective on shares of Sun Life Financial from C$75.00 to C$76.00 in a report on Monday, February 27th. Finally, Royal Bank of Canada boosted their price objective on shares of Sun Life Financial from C$75.00 to C$76.00 and gave the company a “sector perform” rating in a report on Friday, February 10th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Sun Life Financial has a consensus rating of “Hold” and an average price target of C$73.15.

Sun Life Financial Price Performance

The company has a 50 day simple moving average of C$65.83 and a 200-day simple moving average of C$61.55. The stock has a market cap of C$39.45 billion, a price-to-earnings ratio of 12.91, a P/E/G ratio of 1.17 and a beta of 0.97. The company has a current ratio of 8.22, a quick ratio of 84,866.00 and a debt-to-equity ratio of 66.33.

Sun Life Financial (TSE:SLF – Get Rating) (NYSE:SLF) last released its quarterly earnings results on Wednesday, February 8th. The financial services provider reported C$1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.55 by C$0.14. Sun Life Financial had a return on equity of 11.09% and a net margin of 13.42%. The firm had revenue of C$12.30 billion for the quarter. Research analysts expect that Sun Life Financial Inc. will post 6.4796905 EPS for the current year.

Sun Life Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Investors of record on Wednesday, March 1st will be given a $0.72 dividend. This represents a $2.88 dividend on an annualized basis and a dividend yield of 4.28%. The ex-dividend date is Tuesday, February 28th. Sun Life Financial’s dividend payout ratio is currently 55.28%.

About Sun Life Financial

(Get Rating)

Sun Life Financial Inc, a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients worldwide. It offers term and permanent life, as well as personal health, dental, critical illness, long-term care, and disability insurance products. The company also provides reinsurance products; investment counselling and portfolio management services; mutual funds and segregated funds; trust and banking services; real estate property brokerage and appraisal services; and merchant banking services.