Sun Life Financial Inc (TSE:SLF) (NYSE:SLF) has been assigned an average recommendation of “Buy” from the ten brokerages that are covering the firm, Marketbeat reports. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$54.20.
Several analysts have recently commented on the company. Royal Bank of Canada increased their price objective on Sun Life Financial from C$53.00 to C$56.00 and gave the company an “outperform” rating in a report on Friday, November 10th. TD Securities increased their price objective on Sun Life Financial from C$53.00 to C$54.00 and gave the company a “hold” rating in a report on Thursday, November 9th. National Bank Financial increased their price objective on Sun Life Financial from C$53.00 to C$54.00 and gave the company an “outperform” rating in a report on Thursday, November 9th. Finally, CSFB increased their price objective on Sun Life Financial from C$52.00 to C$54.00 in a report on Wednesday, November 1st.
In other news, insider Colm Joseph Freyne sold 17,731 shares of the firm’s stock in a transaction dated 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 firm’s stock in a transaction dated 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.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Wednesday, November 29th were paid a dividend of $0.02 per share. The ex-dividend date was Tuesday, November 28th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.15%. Sun Life Financial’s payout ratio is currently 39.49%.
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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.
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