Sun Life Financial (TSE:SLF) Price Target Raised to C$75.00 at TD Securities

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its target price hoisted by TD Securities from C$73.00 to C$75.00 in a research note released on Friday morning, BayStreet.CA reports. The brokerage currently has a hold rating on the financial services provider’s stock.

Other research analysts have also issued research reports about the stock. Evercore increased their target price on shares of Sun Life Financial from C$76.00 to C$78.00 and gave the stock an outperform rating in a research report on Tuesday, January 23rd. Royal Bank of Canada increased their target price on shares of Sun Life Financial from C$76.00 to C$77.00 and gave the stock an outperform rating in a research report on Friday, February 9th. CIBC increased their price target on shares of Sun Life Financial from C$75.00 to C$77.00 and gave the stock an outperform rating in a research report on Friday, February 9th. Scotiabank increased their price target on shares of Sun Life Financial from C$75.00 to C$76.00 in a research report on Tuesday, February 6th. Finally, BMO Capital Markets increased their price target on shares of Sun Life Financial from C$70.00 to C$80.00 and gave the stock an outperform rating in a research report on Thursday, January 25th. Two research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Sun Life Financial has a consensus rating of Moderate Buy and a consensus target price of C$76.67.

Sun Life Financial Stock Down 0.7 %

Sun Life Financial stock opened at C$70.21 on Friday. The stock has a market cap of C$40.98 billion, a P/E ratio of 13.35, a P/E/G ratio of 1.25 and a beta of 0.96. The company has a quick ratio of 84,866.00, a current ratio of 6.81 and a debt-to-equity ratio of 78.47. Sun Life Financial has a twelve month low of C$61.84 and a twelve month high of C$74.94. The company’s 50-day moving average price is C$72.77 and its two-hundred day moving average price is C$69.29.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last announced its earnings results on Wednesday, February 7th. The financial services provider reported C$1.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.59 by C$0.09. Sun Life Financial had a net margin of 10.26% and a return on equity of 13.98%. The firm had revenue of C$18.68 billion for the quarter. As a group, analysts expect that Sun Life Financial will post 6.9482759 EPS for the current year.

Sun Life Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Wednesday, February 28th were paid a $0.78 dividend. This is an increase from Sun Life Financial’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $3.12 annualized dividend and a yield of 4.44%. Sun Life Financial’s dividend payout ratio is presently 59.32%.

Insider Activity at Sun Life Financial

In other news, Senior Officer Daniel Fishbein sold 16,000 shares of the firm’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of C$74.45, for a total transaction of C$1,191,120.00. 0.03% of the stock is owned by insiders.

Sun Life Financial Company Profile

Sun Life Financial Inc, a financial services company, provides savings, retirement, and pension products worldwide. The company operates in five segments: Asset Management, Canada, U.S., Asia, and Corporate. It offers various insurance products, such as term and permanent life; personal health, which includes prescription drugs, dental, and vision care; critical illness; long-term care; and disability, as well as reinsurance.