Sagicor Financial (TSE:SFC) Shares Up 1.4% – Still a Buy?

Sagicor Financial Company Ltd. (TSE:SFC) rose 1.4% during trading on Monday . The company traded as high as C$8.53 and last traded at C$8.46. 42,945 shares changed hands during mid-day trading, a decline of 38% from the average session volume of 68,877 shares. The stock had previously closed at C$8.34.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial set a C$13.00 price target on shares of Sagicor Financial and gave the stock an “outperform” rating in a research note on Friday, April 24th. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Sagicor Financial presently has an average rating of “Buy” and an average target price of C$11.33.

Sagicor Financial Trading Up 1.4%

The firm has a market capitalization of C$1.15 billion, a price-to-earnings ratio of 48.07 and a beta of -0.11. The company has a fifty day moving average price of C$8.74 and a two-hundred day moving average price of C$9.19.

Sagicor Financial (TSE:SFC) last posted its quarterly earnings results on Wednesday, May 13th. The company reported C$0.26 earnings per share (EPS) for the quarter. Sagicor Financial had a return on equity of 2.58% and a net margin of 1.16%.The business had revenue of C$791.91 million during the quarter. As a group, equities research analysts expect that Sagicor Financial Company Ltd. will post 0.9578783 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Alan Kenneth Ryder bought 20,000 shares of the company’s stock in a transaction on Tuesday, May 19th. The stock was bought at an average cost of C$8.55 per share, for a total transaction of C$171,000.00. Following the acquisition, the director directly owned 100,000 shares in the company, valued at C$855,000. This represents a 25.00% increase in their ownership of the stock. Insiders acquired a total of 24,000 shares of company stock worth $203,600 over the last quarter. Insiders own 34.21% of the company’s stock.

About Sagicor Financial

Sagicor Financial Company Ltd. (TSX: SFC) is a leading financial services provider with over 185 years of history in the Caribbean, over 90 years of history in Canada, and over 70 years of history in the United States. Sagicor offers a wide range of products and services, including life, health, and general insurance, banking, pensions, annuities, investment management, and real estate. Sagicor’s registered office is located at Clarendon House, 2 Church Street, Hamilton, HM 11, Bermuda, with its principal office located at Cecil F De Caires Building, Wildey, St.