Sun Life Financial (TSE:SLF) Price Target Raised to C$94.00 at National Bankshares

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price objective hoisted by National Bankshares from C$87.00 to C$94.00 in a research note released on Monday morning,BayStreet.CA reports. The firm currently has a sector perform rating on the financial services provider’s stock.

A number of other equities analysts have also recently weighed in on the company. National Bank Financial cut Sun Life Financial from a “strong-buy” rating to a “hold” rating in a report on Thursday, August 7th. Royal Bank Of Canada lowered their target price on Sun Life Financial from C$88.00 to C$84.00 in a report on Monday, August 11th. Barclays raised their target price on Sun Life Financial from C$82.00 to C$84.00 and gave the company an “underweight” rating in a report on Wednesday, October 8th. Desjardins raised their target price on Sun Life Financial from C$90.00 to C$94.00 and gave the company a “buy” rating in a report on Wednesday, October 15th. Finally, Scotiabank lowered their target price on Sun Life Financial from C$88.00 to C$83.00 and set a “sector perform” rating for the company in a report on Monday, August 11th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$89.33.

Sun Life Financial Stock Performance

TSE SLF opened at C$85.84 on Monday. The stock has a market cap of C$48.11 billion, a PE ratio of 15.22, a P/E/G ratio of 1.33 and a beta of 0.84. The company has a current ratio of 92.19, a quick ratio of 84,866.00 and a debt-to-equity ratio of 26.00. Sun Life Financial has a twelve month low of C$74.56 and a twelve month high of C$91.11. The stock has a fifty day simple moving average of C$82.40 and a 200-day simple moving average of C$83.98.

Sun Life Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 29th. Shareholders of record on Monday, September 29th were given a $0.88 dividend. The ex-dividend date of this dividend was Wednesday, August 27th. This represents a $3.52 dividend on an annualized basis and a yield of 4.1%. Sun Life Financial’s dividend payout ratio (DPR) is currently 59.75%.

Insider Transactions at Sun Life Financial

In related news, insider Thomas Murphy purchased 3,389 shares of Sun Life Financial stock in a transaction on Wednesday, August 13th. The shares were bought at an average price of C$79.37 per share, with a total value of C$268,973.75. Following the transaction, the insider directly owned 3,389 shares of the company’s stock, valued at approximately C$268,973.75. This trade represents a ∞ increase in their ownership of the stock. Over the last quarter, insiders bought 4,262 shares of company stock valued at $338,105. 0.03% of the stock is owned by company insiders.

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.