Kevin Strain Buys 12,000 Shares of Sun Life Financial Inc. (TSE:SLF) Stock

Sun Life Financial Inc. (TSE:SLFGet Free Report) (NYSE:SLF) Director Kevin Strain acquired 12,000 shares of the business’s stock in a transaction on Tuesday, June 4th. The shares were purchased at an average price of C$67.48 per share, with a total value of C$809,760.00.

Sun Life Financial Stock Performance

Shares of Sun Life Financial stock opened at C$67.32 on Friday. The firm has a market cap of C$39.12 billion, a PE ratio of 12.95, a price-to-earnings-growth ratio of 1.25 and a beta of 0.96. The company has a quick ratio of 84,866.00, a current ratio of 56.69 and a debt-to-equity ratio of 26.46. Sun Life Financial Inc. has a 52 week low of C$61.84 and a 52 week high of C$74.94. The business’s fifty day simple moving average is C$70.40 and its 200-day simple moving average is C$70.48.

Sun Life Financial (TSE:SLFGet Free Report) (NYSE:SLF) last issued its quarterly earnings data on Thursday, May 9th. The financial services provider reported C$1.50 earnings per share (EPS) for the quarter, missing the consensus estimate of C$1.64 by C($0.14). The company had revenue of C$6.88 billion during the quarter, compared to analysts’ expectations of C$9.96 billion. Sun Life Financial had a net margin of 10.12% and a return on equity of 13.68%. Equities analysts forecast that Sun Life Financial Inc. will post 6.3499079 earnings per share for the current year.

Sun Life Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Wednesday, May 29th will be issued a $0.81 dividend. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.78. This represents a $3.24 annualized dividend and a dividend yield of 4.81%. The ex-dividend date is Wednesday, May 29th. Sun Life Financial’s dividend payout ratio is currently 62.31%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on SLF shares. CIBC raised their price objective on Sun Life Financial from C$77.00 to C$80.00 and gave the company an “outperform” rating in a report on Tuesday, April 30th. Scotiabank decreased their price target on shares of Sun Life Financial from C$76.00 to C$73.00 and set an “outperform” rating on the stock in a research note on Monday, May 13th. BMO Capital Markets lowered their price target on shares of Sun Life Financial from C$80.00 to C$79.00 and set an “outperform” rating on the stock in a research report on Monday, May 13th. Jefferies Financial Group increased their price objective on shares of Sun Life Financial from C$82.00 to C$83.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. Finally, Evercore lowered their target price on Sun Life Financial from C$78.00 to C$76.00 and set an “outperform” rating on the stock in a report on Monday, May 13th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$76.09.

Check Out Our Latest Analysis on SLF

About Sun Life Financial

(Get Free Report)

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.

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