Alan Kenneth Ryder Purchases 3,200 Shares of Sagicor Financial Company Ltd. (TSE:SFC) Stock

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

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

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

Sagicor Financial Stock Up 1.8 %

Shares of SFC opened at C$5.76 on Thursday. The stock has a market capitalization of C$812.56 million, a P/E ratio of 1.32 and a beta of 0.21. Sagicor Financial Company Ltd. has a 1 year low of C$4.71 and a 1 year high of C$7.41. The firm’s 50 day moving average price is C$6.04.

Sagicor Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, August 27th were issued a dividend of $0.083 per share. This represents a $0.33 annualized dividend and a dividend yield of 5.76%. The ex-dividend date was Tuesday, August 27th. Sagicor Financial’s dividend payout ratio (DPR) is 7.36%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on SFC shares. Scotiabank dropped their price target on Sagicor Financial from C$10.00 to C$9.00 and set an “outperform” rating for the company in a research report on Friday, August 16th. Royal Bank of Canada cut 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.