Brokerages Set Sun Life Financial Inc (SLF) PT at $53.36
Shares of Sun Life Financial Inc (TSE:SLF) (NYSE:SLF) have earned a consensus recommendation of “Hold” from the twelve analysts that are presently covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is C$53.36.
SLF has been the subject of a number of research reports. Barclays PLC lifted their price objective on Sun Life Financial from C$52.00 to C$53.00 in a research note on Wednesday, July 12th. National Bank Financial lifted their price objective on Sun Life Financial from C$52.00 to C$53.00 and gave the company an “outperform” rating in a research note on Thursday, August 10th. Royal Bank Of Canada raised Sun Life Financial from a “sector perform” rating to an “outperform” rating and set a C$51.00 price objective for the company in a research note on Wednesday, June 7th. Finally, Scotiabank lifted their price objective on Sun Life Financial from C$52.00 to C$53.00 and gave the company a “sector perform” rating in a research note on Friday, August 11th.
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Sun Life Financial (TSE:SLF) traded up 0.14% during trading on Wednesday, reaching $49.69. The company had a trading volume of 1,233,624 shares. The company’s 50-day moving average is $47.92 and its 200 day moving average is $47.23. Sun Life Financial has a 52 week low of $41.59 and a 52 week high of $53.75. The firm has a market capitalization of $30.49 billion and a price-to-earnings ratio of 11.83.
The business also recently announced a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Wednesday, August 30th were issued a $0.435 dividend. The ex-dividend date was Monday, August 28th. This represents a $1.74 dividend on an annualized basis and a yield of 3.50%.
In related news, insider Kevin Strain sold 34,298 shares of Sun Life Financial stock in a transaction on Thursday, August 17th. The stock was sold at an average price of C$49.15, for a total value of C$1,685,746.70.
About Sun Life Financial
Sun Life Financial Inc is the holding company of Sun Life Assurance Company of Canada. The Company is a financial services company providing a range of insurance, wealth and asset management solutions to individuals and corporate Clients. It operates through five segments. The Sun Life Financial Canada segment provides retail insurance and investment advice, products and services to people across Canada.
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