Colm Joseph Freyne Sells 17,731 Shares of Sun Life Financial Inc (SLF) Stock
Sun Life Financial Inc (TSE:SLF) (NYSE:SLF) insider Colm Joseph Freyne sold 17,731 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of C$49.93, for a total transaction of C$885,308.83.
Shares of Sun Life Financial Inc (TSE:SLF) traded up C$0.04 during mid-day trading on Friday, hitting C$50.24. 825,863 shares of the stock traded hands, compared to its average volume of 1,250,695. Sun Life Financial Inc has a 12-month low of C$43.51 and a 12-month high of C$53.75.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Wednesday, November 29th will be given a dividend of $0.02 per share. The ex-dividend date is Tuesday, November 28th. This represents a $0.08 annualized dividend and a dividend yield of 0.16%. Sun Life Financial’s payout ratio is 39.49%.
SLF has been the topic of several research reports. National Bank Financial raised their target price on shares of Sun Life Financial from C$52.00 to C$53.00 and gave the stock an “outperform” rating in a report on Thursday, August 10th. Scotiabank increased their price target on shares of Sun Life Financial from C$52.00 to C$53.00 and gave the stock a “sector perform” rating in a research report on Friday, August 11th. Royal Bank Of Canada increased their price target on shares of Sun Life Financial from C$51.00 to C$53.00 and gave the stock an “outperform” rating in a research report on Friday, August 11th. CSFB increased their price target on shares of Sun Life Financial from C$52.00 to C$54.00 in a research report on Wednesday, November 1st. Finally, TD Securities increased their price target on shares of Sun Life Financial from C$53.00 to C$54.00 and gave the stock a “hold” rating in a research report on Thursday, November 9th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Sun Life Financial presently has an average rating of “Buy” and a consensus price target of C$54.17.
About Sun Life Financial
Sun Life Financial Inc is the holding company of Sun Life Assurance Company of Canada. The Company is a financial services company providing a range of insurance, wealth and asset management solutions to individuals and corporate Clients. It operates through five segments. The Sun Life Financial Canada segment provides retail insurance and investment advice, products and services to people across Canada.
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