Sagicor Financial (OTCMKTS:SGCFF) Shares Down 6.2% – Here’s Why

Sagicor Financial Company Ltd. (OTCMKTS:SGCFF)’s stock price dropped 6.2% during trading on Wednesday . The company traded as low as $6.51 and last traded at $6.51. Approximately 300 shares were traded during mid-day trading, an increase of 50% from the average daily volume of 200 shares. The stock had previously closed at $6.94.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Scotiabank reissued an “outperform” rating on shares of Sagicor Financial in a research report on Monday, November 17th. Royal Bank Of Canada restated an “outperform” rating on shares of Sagicor Financial in a research note on Monday, November 17th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Sagicor Financial has an average rating of “Buy”.

Sagicor Financial Trading Down 6.2%

The company has a 50-day moving average price of $6.47 and a two-hundred day moving average price of $6.00.

About Sagicor Financial

Sagicor Financial Corporation is a Barbados‐based financial services group that provides a broad spectrum of insurance, banking and investment solutions across the Caribbean and beyond. The company’s core activities include the underwriting of life, health and group insurance products, the administration of annuities and retirement plans, and the provision of individual and corporate wealth‐management services. Through its operating subsidiaries, Sagicor serves both retail and institutional clients seeking protection, savings and long‐term financial planning.

In the banking sector, Sagicor offers deposit‐taking, lending and transaction services via a network of branches and digital platforms.