National Bank Financial Boosts Sun Life Financial (TSE:SLF) Price Target to C$125.00

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price objective upped by stock analysts at National Bank Financial from C$108.00 to C$125.00 in a research note issued on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the financial services provider’s stock. National Bank Financial’s price objective points to a potential upside of 7.76% from the company’s previous close.

A number of other equities research analysts have also weighed in on SLF. Scotiabank boosted their price objective on Sun Life Financial from C$98.00 to C$111.00 and gave the stock a “sector perform” rating in a research report on Wednesday, July 15th. TD increased their target price on Sun Life Financial from C$107.00 to C$121.00 and gave the company a “buy” rating in a research report on Tuesday. Canadian Imperial Bank of Commerce lifted their price target on Sun Life Financial from C$102.00 to C$116.00 in a research note on Wednesday, July 15th. BMO Capital Markets boosted their price target on Sun Life Financial from C$99.00 to C$105.00 in a report on Friday, May 8th. Finally, Desjardins set a C$101.00 price objective on Sun Life Financial and gave the company a “buy” rating in a research note on Friday, April 17th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$109.36.

Sun Life Financial Stock Performance

Shares of Sun Life Financial stock opened at C$116.00 on Thursday. The company’s 50 day moving average price is C$107.79 and its two-hundred day moving average price is C$96.26. The firm has a market capitalization of C$64.30 billion, a P/E ratio of 21.60, a P/E/G 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$116.12. The company has a debt-to-equity ratio of 32.51, a current ratio of 6.03 and a quick ratio of 84,866.00.

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

Insiders Place Their Bets

In related news, insider Helena Janina Pagano sold 17,283 shares of the firm’s stock in a transaction on Monday, May 25th. The stock was sold at an average price of C$101.32, for a total transaction of C$1,751,113.56. Following the completion of the transaction, the insider directly owned 228 shares of the company’s stock, valued at C$23,100.96. This trade represents a 98.70% decrease in their position. Also, insider Manjit Singh sold 188,312 shares of Sun Life Financial stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of C$103.20, for a total value of C$19,433,798.40. Following the transaction, the insider directly owned 547 shares in the company, valued at C$56,450.40. The trade was a 99.71% decrease in their ownership of the stock. Insiders sold a total of 380,998 shares of company stock valued at $38,271,605 over the last ninety days. 0.03% of the stock is currently owned by corporate insiders.

Sun Life Financial Company Profile

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.