Shares of Sun Life Financial Inc (TSE:SLF) (NYSE:SLF) have been given a consensus recommendation of “Buy” by the twelve brokerages that are currently covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is C$54.17.

A number of equities analysts have recently weighed in on SLF shares. National Bank Financial upped their price objective on Sun Life Financial from C$53.00 to C$54.00 and gave the stock an “outperform” rating in a research note on Thursday, November 9th. TD Securities upped their price objective on Sun Life Financial from C$53.00 to C$54.00 and gave the stock a “hold” rating in a research note on Thursday, November 9th. CSFB upped their price objective on Sun Life Financial from C$52.00 to C$54.00 in a research note on Wednesday, November 1st. Finally, Royal Bank Of Canada upped their price objective on Sun Life Financial from C$53.00 to C$56.00 and gave the stock an “outperform” rating in a research note on Friday, November 10th.

Sun Life Financial (SLF) opened at C$52.43 on Monday. Sun Life Financial has a one year low of C$43.51 and a one year high of C$53.25.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Wednesday, November 29th will be paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a yield of 0.15%. The ex-dividend date is Tuesday, November 28th. Sun Life Financial’s payout ratio is presently 39.49%.

In related news, insider Colm Joseph Freyne sold 17,731 shares of the 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. Also, Director Dean Connor sold 50,042 shares of the stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of C$50.37, for a total value of C$2,520,615.54.

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Sun Life Financial Company Profile

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.

Analyst Recommendations for Sun Life Financial (TSE:SLF)

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