Sagicor Financial (TSE:SFC) Given a C$9.00 Price Target by Royal Bank of Canada Analysts

Royal Bank of Canada set a C$9.00 price objective on Sagicor Financial (TSE:SFC) in a report issued on Tuesday morning,BayStreet.CA reports. The firm currently has an outperform rating on the stock.

SFC has been the subject of several other reports. Scotiabank raised their price objective on Sagicor Financial from C$10.00 to C$12.00 and gave the company an “outperform” rating in a research note on Monday, March 17th. Acumen Capital raised their price target on Sagicor Financial from C$10.25 to C$11.00 and gave the company a “buy” rating in a research report on Monday, March 17th. Finally, National Bankshares boosted their price objective on shares of Sagicor Financial from C$9.50 to C$11.00 and gave the stock an “outperform” rating in a research report on Monday, March 17th.

Sagicor Financial Trading Up 2.1 %

SFC stock opened at C$8.10 on Tuesday. Sagicor Financial has a 52 week low of C$5.40 and a 52 week high of C$8.40. The company has a market cap of C$770.99 million, a P/E ratio of 1.53 and a beta of 0.20. The company’s 50-day moving average price is C$7.79 and its 200 day moving average price is C$6.84.

Insiders Place Their Bets

In other Sagicor Financial news, Director Dodridge Denton Miller sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of C$7.86, for a total transaction of C$392,940.00. 34.21% of the stock is currently owned by company insiders.

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.