Sun Life Financial (TSE:SLF) Price Target Raised to C$73.00 at National Bankshares

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its target price upped by National Bankshares from C$72.00 to C$73.00 in a report issued on Friday, BayStreet.CA reports. National Bankshares currently has a sector perform rating on the financial services provider’s stock.

SLF has been the subject of a number of other reports. BMO Capital Markets increased their target price on shares of Sun Life Financial from C$70.00 to C$80.00 and gave the company an outperform rating in a research report on Thursday, January 25th. Scotiabank boosted their target price on Sun Life Financial from C$75.00 to C$76.00 in a report on Tuesday, February 6th. Desjardins upped their target price on Sun Life Financial from C$75.00 to C$77.00 and gave the company a buy rating in a report on Friday, February 9th. TD Securities increased their price target on shares of Sun Life Financial from C$73.00 to C$75.00 and gave the company a hold rating in a research note on Friday, April 12th. Finally, Royal Bank of Canada raised their target price on Sun Life Financial from C$76.00 to C$77.00 and gave the stock an outperform rating in a research note on Friday, February 9th. Two research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average target price of C$76.91.

Sun Life Financial Price Performance

TSE:SLF opened at C$70.67 on Friday. The stock has a 50 day moving average of C$72.60 and a two-hundred day moving average of C$69.60. Sun Life Financial has a 12 month low of C$61.84 and a 12 month high of C$74.94. The firm has a market cap of C$41.16 billion, a P/E ratio of 13.44, a price-to-earnings-growth ratio of 1.25 and a beta of 0.96. The company has a current ratio of 6.81, a quick ratio of 84,866.00 and a debt-to-equity ratio of 78.47.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last issued its quarterly earnings results on Wednesday, February 7th. The financial services provider reported C$1.68 EPS for the quarter, topping the consensus estimate of C$1.59 by C$0.09. Sun Life Financial had a return on equity of 13.98% and a net margin of 10.26%. The firm had revenue of C$18.68 billion during the quarter. On average, analysts expect that Sun Life Financial will post 6.9036382 earnings per share for the current fiscal year.

Sun Life Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Wednesday, February 28th were paid a dividend of $0.78 per share. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.75. The ex-dividend date was Tuesday, February 27th. This represents a $3.12 annualized dividend and a yield of 4.41%. Sun Life Financial’s dividend payout ratio is presently 59.32%.

Insider Activity at Sun Life Financial

In other Sun Life Financial news, Senior Officer Daniel Fishbein sold 16,000 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of C$74.45, for a total transaction of C$1,191,120.00. 0.03% of the stock is currently owned by company 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.