Price Target Update for Sun Life Financial (SLF)Price Target Update for Sun Life Financial (SLF) BayStreet.CA has upgraded its price target for Sun Life Financial Inc. (SLF) from C$71.00 to C$73.00. This is the latest in a series of analyst recommendations for SLF. Analyst Recommendations * Scotiabank: Lowered price target from C$76.00 to C$73.00, outperform rating * BMO Capital Markets: Lowered price target from C$80.00 to C$79.00, outperform rating * Royal Bank of Canada: Lowered price target from C$77.00 to C$76.00, outperform rating * National Bankshares: Lowered price target from C$73.00 to C$72.00 * CIBC: Raised price target from C$77.00 to C$80.00, outperform rating Consensus Ratings and Target According to MarketBeat, SLF has an average rating of “Moderate Buy” and a consensus price target of C$76.18. Trading and Financials SLF shares rose 0.5% on Friday, opening at C$68.54. The company has a strong financial position with a current ratio of 56.69 and a debt-to-equity ratio of 26.46. It reported C$1.50 EPS for the most recent quarter, below analyst estimates of C$1.64. Dividend Increase SLF announced a dividend increase from $0.78 to $0.81 per share, effective June 28th. This represents a yield of 4.73%. Insider Activity and Company Profile Insiders have recently bought shares in SLF, including Director Kevin Strain and Director Stephanie Coyles. Sun Life Financial is a financial services company offering savings, retirement, and pension products worldwide. Its segments include Asset Management, Canada, U.S., Asia, and Corporate.
Sun Life Financial (TSE:SLF – Free Report) (NYSE:SLF) raised its price target to C$73.00 from C$71.00 in a report published Friday morning by BayStreet.CA.
Several other equities research analysts also commented on SLF. Scotiabank lowered their price target on Sun Life Financial from C$76.00 to C$73.00 and set an outperform rating on the stock in a research report on Monday, May 13th. BMO Capital Markets lowered their price target on 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. Royal Bank of Canada lowered their price target on Sun Life Financial from C$77.00 to C$76.00 and set an outperform rating on the stock in a research report on Monday, May 13th. National Bankshares lowered their price target on Sun Life Financial from C$73.00 to C$72.00 in a research report on Friday, May 10th. Finally, CIBC raised their price target on Sun Life Financial from C$77.00 to C$80.00 and gave the company an outperform rating in a research report on Tuesday, April 30th. Two investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, Sun Life Financial currently has an average rating of Moderate Buy and a consensus price target of C$76.18.
Get our latest stock analysis on Sun Life Financial
Sun Life Financial Trading rises 0.5%
Sun Life Financial shares opened at C$68.54 on Friday. The company has a current ratio of 56.69, a quick ratio of 84,866.00 and a debt-to-equity ratio of 26.46. Sun Life Financial has a 12-month low of C$61.84 and a 12-month high of C$74.94. The stock’s 50-day simple moving average is C$68.17 and its 200-day simple moving average is C$70.09. The company has a market cap of C$39.83 billion, a PE ratio of 13.18, a P/E/G ratio of 1.25 and a beta of 0.96.
Sun Life Financial (TSE:SLF – Get Free Report) (NYSE:SLF) last released its quarterly earnings results on Thursday, May 9. The financial services company reported C$1.50 EPS for the quarter, missing the consensus estimate of C$1.64 by C($0.14). Sun Life Financial had a return on equity of 13.68% and a net margin of 10.12%. The company had revenue of C$6.88 billion during the quarter, compared to analysts’ expectations of C$9.96 billion. Analysts expect Sun Life Financial to post 6.3499079 EPS for the current year.
Sun Life Financial increases dividend
The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Wednesday, May 29th were paid a dividend of $0.81. This is an increase from Sun Life Financial’s previous quarterly dividend of $0.78. This represents an annualized dividend of $3.24 and a yield of 4.73%. The ex-dividend date for this dividend was Wednesday, May 29th. Sun Life Financial’s dividend payout ratio is currently 62.31%.
Insider Activity at Sun Life Financial
In related news, Director Kevin Strain bought 12,000 shares of the company’s stock in a transaction on Tuesday, June 4th. The shares were acquired at an average price of C$67.48 per share, for a total value of C$809,760.00. In related news, Director Kevin Strain bought 12,000 shares of the company’s stock in a transaction on Tuesday, June 4th. The shares were acquired at an average price of C$67.48 per share, for a total value of C$809,760.00. Also, Director Stephanie Coyles bought 900 shares of the company’s stock in a transaction on Tuesday, May 14th. The shares were acquired at an average price of C$69.15 per share, for a total value of C$62,235.00. 0.03% of the shares are held by company insiders.
About Sun Life Financial
(Get free report)
Sun Life Financial Inc, a financial services company, offers 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 insurance; personal health, including prescription drugs, dental and vision; critical illness; long-term care; and disability, as well as reinsurance.
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