Sagicor Financial (TSE:SFC) Stock Price Down 0.7% – Should You Sell?

Sagicor Financial Company Ltd. (TSE:SFCGet Free Report) shares traded down 0.7% during trading on Monday . The stock traded as low as C$8.50 and last traded at C$8.53. 14,599 shares changed hands during mid-day trading, a decline of 69% from the average session volume of 46,460 shares. The stock had previously closed at C$8.59.

Analysts Set New Price Targets

Several analysts have commented on the stock. Royal Bank of Canada set a C$9.00 price objective on shares of Sagicor Financial and gave the stock an “outperform” rating in a report on Tuesday, April 15th. Acumen Capital raised their price objective on shares of Sagicor Financial from C$10.25 to C$11.00 and gave the stock a “buy” rating in a report on Monday, March 17th. National Bankshares raised 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 report on Monday, March 17th. Finally, Scotiabank raised their price objective on shares of Sagicor Financial from C$10.00 to C$12.00 and gave the stock an “outperform” rating in a report on Monday, March 17th.

Check Out Our Latest Analysis on SFC

Sagicor Financial Stock Down 0.7%

The company’s fifty day moving average price is C$7.94 and its 200-day moving average price is C$7.35. The stock has a market capitalization of C$811.91 million, a PE ratio of 1.62 and a beta of 0.20.

Insider Activity

In related news, Director Dodridge Denton Miller sold 50,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of C$7.86, for a total transaction of C$392,940.00. Company insiders own 34.21% of the company’s stock.

About Sagicor Financial

(Get Free Report)

Sagicor Financial Company Ltd. is a leading financial services provider with over 180 years of history in the Caribbean, over 90 years of history in Canada, and a growing presence in the United States with over 70 years of history. Sagicor offers a wide range of products and services, including life, health, and general insurance, banking, pensions, annuities, investment management, and real estate.

Further Reading

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