Sun Life Financial (TSE:SLF) Stock Price Expected to Rise, TD Securities Analyst Says

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price objective upped by TD Securities from C$81.00 to C$87.00 in a research note published on Thursday morning,BayStreet.CA reports. They currently have a hold rating on the financial services provider’s stock.

A number of other equities analysts also recently commented on SLF. Scotiabank raised their target price on shares of Sun Life Financial from C$73.00 to C$85.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Cormark increased their price target on Sun Life Financial from C$82.00 to C$85.00 in a report on Tuesday, November 5th. National Bankshares raised their price objective on Sun Life Financial from C$72.00 to C$73.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 13th. Jefferies Financial Group upped their target price on Sun Life Financial from C$81.00 to C$89.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Finally, Barclays increased their target price on Sun Life Financial from C$76.00 to C$79.00 in a research note on Tuesday, November 5th. Three research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$84.18.

Sun Life Financial Stock Down 1.2 %

SLF opened at C$84.88 on Thursday. The company has a market cap of C$48.93 billion, a PE ratio of 16.08, 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 has a 1 year low of C$64.38 and a 1 year high of C$86.39. The firm has a 50 day moving average price of C$78.56 and a 200 day moving average price of C$72.32.

Sun Life Financial Increases Dividend

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

Insider Buying and Selling at Sun Life Financial

In other news, Senior Officer Linda Dougherty purchased 5,800 shares of the stock in a transaction dated Friday, November 15th. The stock was acquired at an average cost of C$84.83 per share, for a total transaction of C$492,014.00. Also, Director Kevin Strain sold 85,943 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were 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 insiders.

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.