Shares of Sun Life Financial Inc. (TSE:SLF – Get Free Report) (NYSE:SLF) have been given an average rating of “Hold” by the nine brokerages that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is C$86.67.
SLF has been the topic of several recent research reports. TD Securities raised their price objective on Sun Life Financial from C$83.00 to C$86.00 and gave the company a “hold” rating in a report on Friday, May 9th. National Bank Financial lowered Sun Life Financial from a “strong-buy” rating to a “hold” rating in a research note on Thursday, August 7th. National Bankshares cut Sun Life Financial from an “outperform” rating to a “sector perform” rating and reduced their price target for the stock from C$93.00 to C$87.00 in a report on Friday, August 8th. CIBC lowered their price objective on Sun Life Financial from C$94.00 to C$89.00 and set an “outperform” rating for the company in a research note on Thursday, May 1st. Finally, Desjardins cut their target price on shares of Sun Life Financial from C$95.00 to C$90.00 and set a “buy” rating on the stock in a research report on Monday, August 11th.
Check Out Our Latest Report on Sun Life Financial
Insider Activity at Sun Life Financial
Sun Life Financial Stock Performance
Shares of Sun Life Financial stock opened at C$80.92 on Wednesday. The company’s 50 day moving average price is C$85.39 and its two-hundred day moving average price is C$83.34. The firm has a market capitalization of C$46.22 billion, a P/E ratio of 12.21, a P/E/G ratio of 1.33 and a beta of 0.94. Sun Life Financial has a fifty-two week low of C$71.13 and a fifty-two week high of C$91.11. The company has a debt-to-equity ratio of 26.00, a current ratio of 92.19 and a quick ratio of 84,866.00.
Sun Life Financial Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 29th. Investors of record on Monday, September 29th will be paid a $0.88 dividend. The ex-dividend date of this dividend is Wednesday, August 27th. This represents a $3.52 annualized dividend and a dividend yield of 4.3%. Sun Life Financial’s payout ratio is currently 48.87%.
Sun Life Financial Company Profile
Sun Life Financial is one of Canada’s Big Three life insurance companies along with Great-West Lifeco and Manulife. Sun Life provides insurance, retirement, and wealth-management services to individual and corporate customers in Canada, the United States, and Asia. It also owns MFS Investment Management, a Boston-based asset-management firm.
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