Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price target lifted by Evercore from C$70.00 to C$71.00 in a research note published on Thursday morning, BayStreet.CA reports.

A number of other research analysts have also commented on the stock. Canaccord Genuity upped their price target on shares of Sun Life Financial from C$58.00 to C$60.50 in a research note on Friday, November 8th. BMO Capital Markets increased their price target on shares of Sun Life Financial from C$60.00 to C$67.00 in a report on Friday, November 8th. CIBC increased their price target on shares of Sun Life Financial from C$53.00 to C$59.00 in a report on Friday, November 8th. National Bank Financial increased their price target on shares of Sun Life Financial from C$65.00 to C$66.00 and gave the company a sector perform rating in a report on Thursday. Finally, Credit Suisse Group reissued an outperform rating and issued a C$71.00 price target on shares of Sun Life Financial in a report on Friday, February 7th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of Buy and a consensus target price of C$66.46.

Shares of TSE SLF traded up C$1.17 during mid-day trading on Thursday, reaching C$66.44. 1,213,503 shares of the company were exchanged, compared to its average volume of 1,008,433. The stock has a market capitalization of $38.37 billion and a P/E ratio of 16.01. The company has a quick ratio of 1,311.69, a current ratio of 1,409.38 and a debt-to-equity ratio of 19.02. The company’s 50-day simple moving average is C$62.33 and its 200-day simple moving average is C$58.78. Sun Life Financial has a twelve month low of C$47.03 and a twelve month high of C$66.44.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Sunday, March 1st will be issued a $0.55 dividend. The ex-dividend date is Thursday, February 27th. This represents a $2.20 annualized dividend and a yield of 3.31%. Sun Life Financial’s dividend payout ratio is currently 50.60%.

In other news, Director Dean Connor sold 28,103 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of C$62.45, for a total transaction of C$1,755,032.35. Following the transaction, the director now directly owns 86,047 shares of the company’s stock, valued at C$5,373,635.15. Over the last three months, insiders sold 84,309 shares of company stock worth $5,129,778.

Sun Life Financial Company Profile

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.

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Analyst Recommendations for Sun Life Financial (TSE:SLF)

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