Sagicor Financial (TSE:SFC) Director Alan Kenneth Ryder Buys 20,000 Shares of Stock

Sagicor Financial Company Ltd. (TSE:SFC) Director Alan Kenneth Ryder bought 20,000 shares of the company’s stock in a transaction on Tuesday, May 19th. The stock was purchased at an average cost of C$8.55 per share, for a total transaction of C$171,000.00. Following the completion of the transaction, the director owned 100,000 shares in the company, valued at approximately C$855,000. The trade was a 25.00% increase in their ownership of the stock.

Sagicor Financial Price Performance

SFC opened at C$8.44 on Friday. The company has a market capitalization of C$1.15 billion, a PE ratio of 47.95 and a beta of -0.03. Sagicor Financial Company Ltd. has a fifty-two week low of C$7.21 and a fifty-two week high of C$10.53. The business has a 50-day moving average of C$9.39 and a 200-day moving average of C$9.16.

Sagicor Financial (TSE:SFC) last announced its quarterly earnings results on Wednesday, May 13th. The company reported C$0.26 EPS for the quarter. The business had revenue of C$791.91 million during the quarter. Sagicor Financial had a return on equity of 2.58% and a net margin of 1.16%. On average, equities research analysts expect that Sagicor Financial Company Ltd. will post 0.9578783 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

Sagicor Financial Company Profile

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.