Sun Life Financial Inc (TSE:SLF) (NYSE:SLF) Senior Officer Kevin Dougherty sold 102,357 shares of the company’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of C$50.62, for a total transaction of C$5,181,311.34.
Shares of SLF traded up C$0.55 during trading hours on Friday, reaching C$51.16. The company had a trading volume of 2,536,257 shares, compared to its average volume of 1,944,509. The company has a market capitalization of $30.36 billion and a PE ratio of 12.35. Sun Life Financial Inc has a 12-month low of C$43.13 and a 12-month high of C$56.09. The company has a quick ratio of 11.33, a current ratio of 12.14 and a debt-to-equity ratio of 42.38.
Sun Life Financial (TSE:SLF) (NYSE:SLF) last issued its quarterly earnings data on Wednesday, February 13th. The financial services provider reported C$1.19 EPS for the quarter, beating the Zacks’ consensus estimate of C$1.16 by C$0.03. The business had revenue of C$8.18 billion during the quarter. On average, research analysts anticipate that Sun Life Financial Inc will post 5.36000040878653 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Investors of record on Friday, March 1st will be paid a $0.50 dividend. The ex-dividend date is Thursday, February 28th. This represents a $2.00 dividend on an annualized basis and a yield of 3.91%. Sun Life Financial’s payout ratio is 45.97%.
Several analysts recently commented on the stock. CIBC downgraded shares of Sun Life Financial from a “neutral” rating to an “underperform” rating and upped their price target for the company from C$53.00 to C$54.00 in a research report on Thursday. BMO Capital Markets upped their price objective on shares of Sun Life Financial from C$56.00 to C$57.00 in a research report on Friday, February 15th. Cormark set a C$54.00 price objective on shares of Sun Life Financial in a research report on Friday, February 15th. Canaccord Genuity cut their price objective on shares of Sun Life Financial from C$53.00 to C$52.00 in a research report on Tuesday, February 5th. Finally, TD Securities cut their price target on shares of Sun Life Financial from C$60.00 to C$57.00 and set a “buy” rating for the company in a report on Thursday, February 14th.
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About Sun Life Financial
Sun Life Financial Inc, a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients, high-net-worth individuals, and families. It operates through Sun Life Financial Canada, Sun Life Financial United States, Sun Life Financial Asset Management, Sun Life Financial Asia, and Corporate segments.
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