Sun Life Financial Inc. (TSE:SLF) Given Consensus Recommendation of “Moderate Buy” by Analysts

Sun Life Financial Inc. (TSE:SLF – Get Rating) (NYSE:SLF) has received a consensus rating of “Moderate Buy” from the thirteen brokerages that are currently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is C$73.31.

Several research firms have recently issued reports on SLF. Royal Bank of Canada raised shares of Sun Life Financial from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from C$76.00 to C$79.00 in a research report on Tuesday, May 16th. CSFB boosted their price target on shares of Sun Life Financial from C$74.00 to C$75.00 in a research report on Friday, February 10th. Barclays lowered their price target on shares of Sun Life Financial from C$76.00 to C$75.00 in a research report on Thursday, April 13th. National Bankshares upped their target price on shares of Sun Life Financial from C$69.00 to C$71.00 and gave the stock a “sector perform” rating in a report on Thursday, February 9th. Finally, Evercore upped their target price on shares of Sun Life Financial from C$73.00 to C$76.00 in a report on Thursday, February 9th.

Sun Life Financial Stock Performance

TSE SLF opened at C$67.18 on Monday. The company’s 50 day moving average is C$64.07 and its 200-day moving average is C$64.22. Sun Life Financial has a 12-month low of C$52.97 and a 12-month high of C$69.09. The company has a quick ratio of 84,866.00, a current ratio of 8.22 and a debt-to-equity ratio of 66.33. The firm has a market cap of C$39.42 billion, a P/E ratio of 12.94, a price-to-earnings-growth ratio of 4.76 and a beta of 0.98.

Sun Life Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Wednesday, May 31st will be issued a $0.75 dividend. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.72. The ex-dividend date of this dividend is Tuesday, May 30th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 4.47%. Sun Life Financial’s dividend payout ratio is presently 57.80%.

Sun Life Financial Company Profile

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Sun Life Financial Inc, a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients worldwide. It offers term and permanent life, as well as personal health, dental, critical illness, long-term care, and disability insurance products. The company also provides reinsurance products; investment counselling and portfolio management services; mutual funds and segregated funds; trust and banking services; real estate property brokerage and appraisal services; and merchant banking services.