Sagicor Financial (TSE:SFC) Shares Down 1% – What’s Next?

Sagicor Financial Company Ltd. (TSE:SFC) shares traded down 1% during trading on Tuesday . The company traded as low as C$8.61 and last traded at C$8.66. 12,440 shares changed hands during trading, a decline of 81% from the average session volume of 66,877 shares. The stock had previously closed at C$8.75.

Analyst Ratings Changes

Separately, National Bank Financial set a C$13.00 price objective on Sagicor Financial and gave the company an “outperform” rating in a report on Friday, April 24th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of C$11.33.

Sagicor Financial Stock Performance

The firm’s 50 day simple moving average is C$8.42 and its 200 day simple moving average is C$9.10. The firm has a market capitalization of C$1.15 billion, a price-to-earnings ratio of 47.95 and a beta of -0.10.

Sagicor Financial (TSE:SFC) last released its quarterly earnings data on Wednesday, May 13th. The company reported C$0.26 earnings per share for the quarter. Sagicor Financial had a net margin of 1.25% and a return on equity of 2.58%. The firm had revenue of C$791.91 million for the quarter. As a group, sell-side analysts forecast that Sagicor Financial Company Ltd. will post 0.9578783 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Alan Kenneth Ryder purchased 20,000 shares of the business’s stock in a transaction on Tuesday, May 19th. The shares were bought at an average cost of C$8.55 per share, with a total value of C$171,000.00. Following the transaction, the director owned 100,000 shares of the company’s stock, valued at approximately C$855,000. This trade represents a 25.00% increase in their ownership of the stock. Over the last 90 days, insiders bought 24,400 shares of company stock worth $206,900. 34.21% of the stock is currently owned by company insiders.

About Sagicor Financial

Sagicor Financial Company Ltd. (TSX: SFC) is a leading financial services provider with over 185 years of history in the Caribbean, over 90 years of history in Canada, and over 70 years of history in the United States. Sagicor offers a wide range of products and services, including life, health, and general insurance, banking, pensions, annuities, investment management, and real estate. Sagicor’s registered office is located at Clarendon House, 2 Church Street, Hamilton, HM 11, Bermuda, with its principal office located at Cecil F De Caires Building, Wildey, St.