Sun Life Financial Inc. (TSE:SLF – Get 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
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
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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