Sun Life Financial (TSE:SLF) Insider Sells 36,805 Shares of Stock

Sun Life Financial Inc. (TSE:SLF) (NYSE:SLF) insider Jacques Jr. Goulet sold 36,805 shares of the business’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of C$111.24, for a total transaction of C$4,094,188.20. Following the transaction, the insider owned 1,063 shares of the company’s stock, valued at approximately C$118,248.12. This represents a 97.19% decrease in their ownership of the stock.

Sun Life Financial Trading Up 0.7%

SLF stock traded up C$0.80 during midday trading on Friday, hitting C$112.09. The stock had a trading volume of 1,405,677 shares, compared to its average volume of 1,986,889. The company has a current ratio of 27.38, a quick ratio of 84,866.00 and a debt-to-equity ratio of 34.34. The firm has a market cap of C$62.40 billion, a P/E ratio of 19.00, a price-to-earnings-growth ratio of 1.33 and a beta of 0.70. The business has a fifty day moving average price of C$112.80 and a two-hundred day moving average price of C$101.49. Sun Life Financial Inc. has a 1-year low of C$79.36 and a 1-year high of C$118.99.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last posted its earnings results on Thursday, August 6th. The financial services provider reported C$2.02 EPS for the quarter. Sun Life Financial had a net margin of 8.81% and a return on equity of 13.89%. The firm had revenue of C$9.05 billion for the quarter. On average, sell-side analysts predict that Sun Life Financial Inc. will post 6.9230769 earnings per share for the current fiscal year.

Sun Life Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 29th. Shareholders of record on Tuesday, September 29th will be issued a $0.96 dividend. The ex-dividend date is Wednesday, August 26th. This represents a $3.84 annualized dividend and a yield of 3.4%. Sun Life Financial’s dividend payout ratio is 62.37%.

Analyst Upgrades and Downgrades

SLF has been the subject of a number of research analyst reports. BMO Capital Markets lifted their price target on shares of Sun Life Financial from C$99.00 to C$105.00 in a research note on Friday, May 8th. National Bank Financial raised their target price on shares of Sun Life Financial from C$108.00 to C$125.00 and gave the stock an “outperform” rating in a report on Thursday, July 23rd. Jefferies Financial Group lifted their target price on shares of Sun Life Financial from C$131.00 to C$141.00 in a research report on Monday, August 10th. TD boosted their target price on shares of Sun Life Financial from C$121.00 to C$124.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Finally, Evercore cut Sun Life Financial from an “outperform” rating to a “hold” rating and set a C$111.00 price target on the stock. in a report on Monday, July 13th. Six analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Sun Life Financial currently has a consensus rating of “Hold” and a consensus price target of C$116.00.

Sun Life Financial Company Profile

Sun Life Financial is one of Canada’s Big Three life insurance companies along with Great-West Lifeco and Manulife. Sun Life provides insurance, retirement, and wealth-management services to individual and corporate customers in Canada, the United States, and Asia. It also owns MFS Investment Management, a Boston-based asset-management firm. Sun Life generates about a third of its profit from asset-management operations.