Sagicor Financial (TSE:SFC) Shares Down 0.8% – Here’s Why

Sagicor Financial Company Ltd. (TSE:SFC)’s share price fell 0.8% on Tuesday . The stock traded as low as C$9.00 and last traded at C$9.03. 9,199 shares traded hands during trading, a decline of 74% from the average session volume of 34,760 shares. The stock had previously closed at C$9.10.

Analyst Ratings Changes

Separately, Royal Bank Of Canada set a C$10.00 price objective on shares of Sagicor Financial and gave the stock an “outperform” rating in a research note on Monday, January 19th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$10.67.

Sagicor Financial Trading Down 0.8%

The firm’s 50 day moving average is C$9.52 and its two-hundred day moving average is C$8.93. The firm has a market cap of C$1.22 billion, a P/E ratio of 18.89 and a beta of 0.00.

Sagicor Financial (TSE:SFC) last released its quarterly earnings data on Wednesday, March 11th. The company reported C$31.98 earnings per share for the quarter. Sagicor Financial had a net margin of 3.28% and a return on equity of 6.62%. Analysts predict that Sagicor Financial Company Ltd. will post 0.9578783 EPS for the current fiscal year.

Sagicor Financial Company Profile

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. Sagicor operates through the following four segments: Sagicor Canada, Sagicor Life USA, Sagicor Jamaica, and Sagicor Life.