Insider Selling: Sun Life Financial Inc. (TSE:SLF) Director Sells C$7,280,231.53 in Stock

Sun Life Financial Inc. (TSE:SLF) (NYSE:SLF) Director Kevin Strain sold 85,943 shares of the company’s 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.

Sun Life Financial Trading Down 1.2 %

Shares of Sun Life Financial stock opened at C$84.88 on Monday. Sun Life Financial Inc. has a twelve month low of C$64.38 and a twelve month high of C$86.39. The company has a quick ratio of 84,866.00, a current ratio of 65.29 and a debt-to-equity ratio of 53.77. The business has a 50-day moving average price of C$78.56 and a 200-day moving average price of C$72.32. The firm has a market cap of C$48.93 billion, a price-to-earnings ratio of 16.08, a PEG ratio of 1.33 and a beta of 0.94.

Sun Life Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st will be paid a $0.84 dividend. This is an increase from Sun Life Financial’s previous quarterly dividend of $0.81. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $3.36 dividend on an annualized basis and a yield of 3.96%. Sun Life Financial’s payout ratio is presently 61.36%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on SLF. TD Securities lifted their price objective on Sun Life Financial from C$81.00 to C$87.00 and gave the company a “hold” rating in a research report on Thursday. Scotiabank upped their price target on shares of Sun Life Financial from C$85.00 to C$96.00 in a research report on Thursday. Barclays increased their price objective on shares of Sun Life Financial from C$79.00 to C$82.00 in a research note on Thursday. Cormark lifted their target price on shares of Sun Life Financial from C$82.00 to C$85.00 in a research note on Tuesday, November 5th. Finally, National Bankshares increased their price target on Sun Life Financial from C$72.00 to C$73.00 and gave the stock a “sector perform” rating in a research note on Tuesday, August 13th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of C$84.18.

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.