Sun Life Financial (TSE:SLF) Share Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Sun Life Financial Inc. (TSE:SLFGet Free Report) (NYSE:SLF) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$77.03 and traded as high as C$82.81. Sun Life Financial shares last traded at C$82.65, with a volume of 586,366 shares trading hands.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Scotiabank lifted their price target on Sun Life Financial from C$85.00 to C$96.00 in a report on Thursday, November 14th. CIBC increased their price target on shares of Sun Life Financial from C$90.00 to C$96.00 in a research note on Wednesday, November 13th. Royal Bank of Canada boosted their price objective on shares of Sun Life Financial from C$78.00 to C$82.00 in a research report on Wednesday, November 6th. Jefferies Financial Group increased their price objective on Sun Life Financial from C$90.00 to C$94.00 in a research report on Thursday, November 14th. Finally, TD Securities lifted their target price on Sun Life Financial from C$81.00 to C$87.00 and gave the company a “hold” rating in a research note on Thursday, November 14th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$84.64.

Get Our Latest Research Report on SLF

Sun Life Financial Price Performance

The company has a 50-day moving average price of C$84.96 and a 200-day moving average price of C$77.03. The firm has a market capitalization of C$47.65 billion, a P/E ratio of 15.65, a price-to-earnings-growth ratio of 1.33 and a beta of 0.94. The company has a debt-to-equity ratio of 53.77, a quick ratio of 84,866.00 and a current ratio of 65.29.

Sun Life Financial Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Wednesday, November 27th were given a dividend of $0.84 per share. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.81. This represents a $3.36 annualized dividend and a dividend yield of 4.07%. The ex-dividend date of this dividend was Wednesday, November 27th. Sun Life Financial’s payout ratio is presently 61.36%.

Insider Activity

In other Sun Life Financial news, Senior Officer Linda Dougherty bought 5,800 shares of the firm’s stock in a transaction on Friday, November 15th. The stock was purchased at an average cost of C$84.83 per share, with a total value of C$492,014.00. Also, Director Kevin Strain sold 85,943 shares of the stock in a transaction dated Friday, November 15th. The stock was sold at an average price of C$84.71, for a total value of C$7,280,231.53. 0.03% of the stock is currently owned by company insiders.

Sun Life Financial Company Profile

(Get Free Report)

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.

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