Sun Life Financial Inc (TSE:SLF) (NYSE:SLF)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $0.00 and traded as high as $55.06. Sun Life Financial shares last traded at $54.76, with a volume of 170,936 shares.

Several equities analysts recently commented on SLF shares. Canaccord Genuity boosted their price target on TransAlta Renewables from C$12.50 to C$13.00 in a research report on Monday, April 29th. National Bank Financial reduced their price target on Timbercreek Financial from C$10.25 to C$10.00 and set an “outperform” rating on the stock in a research report on Thursday, May 9th. BMO Capital Markets boosted their price target on Sun Life Financial from C$58.00 to C$60.00 in a research report on Friday, May 10th. Eight Capital boosted their price target on Tamarack Valley Energy from C$4.00 to C$4.25 in a research report on Friday, May 10th. Finally, CIBC lowered Sun Life Financial from a “neutral” rating to an “underperform” rating and boosted their price target for the stock from C$53.00 to C$54.00 in a research report on Thursday, March 14th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of C$57.09.

The stock has a 50-day moving average of C$53.77. The company has a market capitalization of $32.47 billion and a PE ratio of 13.39. The company has a quick ratio of 451.94, a current ratio of 483.92 and a debt-to-equity ratio of 18.26.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last announced its earnings results on Wednesday, May 8th. The financial services provider reported C$1.20 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$1.21 by C($0.01). The business had revenue of C$11.39 billion during the quarter. Research analysts forecast that Sun Life Financial Inc will post 5.4400004 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Wednesday, May 29th were given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 3.84%. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.50. The ex-dividend date was Tuesday, May 28th. Sun Life Financial’s dividend payout ratio is presently 47.68%.

In other Sun Life Financial news, Director Dean Connor sold 73,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of C$52.72, for a total value of C$3,848,560.00. Following the transaction, the director now directly owns 86,047 shares of the company’s stock, valued at approximately C$4,536,397.84. Also, Senior Officer Colm Joseph Freyne sold 17,730 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of C$53.54, for a total value of C$949,264.20.

About Sun Life Financial (TSE:SLF)

Sun Life Financial Inc, a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients worldwide. The company operates through five segments: Sun Life Financial Canada, Sun Life Financial United States, Sun Life Financial Asset Management, Sun Life Financial Asia, and Corporate.

Further Reading: Diversification

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