Jefferies Financial Group Raises Sun Life Financial (TSE:SLF) Price Target to C$131.00

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price objective upped by investment analysts at Jefferies Financial Group from C$115.00 to C$131.00 in a report released on Tuesday,BayStreet.CA reports. The firm presently has a “buy” rating on the financial services provider’s stock. Jefferies Financial Group’s price objective would indicate a potential upside of 14.21% from the stock’s previous close.

SLF has been the topic of several other reports. Canadian Imperial Bank of Commerce increased their target price on Sun Life Financial from C$102.00 to C$116.00 in a research report on Wednesday, July 15th. TD upped their price objective on shares of Sun Life Financial from C$107.00 to C$121.00 and gave the company a “buy” rating in a research note on Tuesday. BMO Capital Markets increased their price objective on shares of Sun Life Financial from C$99.00 to C$105.00 in a report on Friday, May 8th. Barclays boosted their target price on shares of Sun Life Financial from C$84.00 to C$85.00 in a report on Wednesday, April 8th. Finally, Desjardins set a C$101.00 price target on shares of Sun Life Financial and gave the stock a “buy” rating in a research report on Friday, April 17th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of C$107.82.

Sun Life Financial Trading Up 0.4%

Shares of SLF opened at C$114.70 on Tuesday. The stock has a fifty day moving average of C$107.12 and a two-hundred day moving average of C$95.92. The company has a debt-to-equity ratio of 32.51, a quick ratio of 84,866.00 and a current ratio of 6.03. The company has a market capitalization of C$63.58 billion, a PE ratio of 21.36, a price-to-earnings-growth ratio of 1.33 and a beta of 0.79. Sun Life Financial has a fifty-two week low of C$77.38 and a fifty-two week high of C$115.45.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last issued its quarterly earnings results on Wednesday, May 6th. The financial services provider reported C$1.89 earnings per share for the quarter. Sun Life Financial had a return on equity of 12.89% and a net margin of 9.12%.The company had revenue of C$8.73 billion for the quarter. As a group, analysts forecast that Sun Life Financial will post 6.9230769 EPS for the current year.

Insider Transactions at Sun Life Financial

In other Sun Life Financial news, insider Manjit Singh sold 188,312 shares of Sun Life Financial stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of C$103.20, for a total transaction of C$19,433,798.40. Following the transaction, the insider directly owned 547 shares of the company’s stock, valued at C$56,450.40. The trade was a 99.71% decrease in their ownership of the stock. Also, insider Jacques Jr. Goulet sold 35,000 shares of the business’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of C$97.80, for a total transaction of C$3,423,000.00. Following the sale, the insider owned 1,054 shares of the company’s stock, valued at approximately C$103,081.20. This represents a 97.08% decrease in their ownership of the stock. Insiders have sold a total of 380,998 shares of company stock valued at $38,271,605 in the last three months. 0.03% of the stock is owned by company insiders.

About Sun Life Financial

Sun Life Financial is one of Canada’s Big Three life insurance companies along with Great-West Lifeco and Manulife. Sun Life provides insurance, retirement, and wealth-management services to individual and corporate customers in Canada, the United States, and Asia. It also owns MFS Investment Management, a Boston-based asset-management firm. Sun Life generates about a third of its profit from asset-management operations.