Sun Life Financial Inc (TSE:SLF) (NYSE:SLF) Director Dean Connor sold 73,000 shares of the stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of C$52.72, for a total transaction of C$3,848,560.00. Following the transaction, the director now directly owns 86,047 shares of the company’s stock, valued at approximately C$4,536,397.84.
TSE:SLF traded down C$0.29 during mid-day trading on Friday, hitting C$53.34. The stock had a trading volume of 610,006 shares, compared to its average volume of 1,741,955. The stock has a market cap of $31.56 billion and a price-to-earnings ratio of 13.03. Sun Life Financial Inc has a twelve month low of C$43.13 and a twelve month high of C$56.08. The company has a quick ratio of 451.94, a current ratio of 483.92 and a debt-to-equity ratio of 18.26.
Sun Life Financial (TSE:SLF) (NYSE:SLF) last issued its earnings results on Wednesday, February 13th. The financial services provider reported C$1.19 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$1.16 by C$0.03. The firm had revenue of C$8.18 billion during the quarter. On average, equities analysts anticipate that Sun Life Financial Inc will post 5.43999990080912 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Wednesday, May 29th will be issued a $0.525 dividend. This is a boost from Sun Life Financial’s previous quarterly dividend of $0.50. The ex-dividend date is Tuesday, May 28th. This represents a $2.10 annualized dividend and a yield of 3.94%. Sun Life Financial’s dividend payout ratio (DPR) is 47.68%.
Several research analysts have weighed in on the stock. Canaccord Genuity increased their target price on shares of Sun Life Financial from C$52.00 to C$55.00 in a research note on Monday, April 29th. BMO Capital Markets increased their target price on shares of Sun Life Financial from C$58.00 to C$60.00 in a research note on Friday, May 10th. Eight Capital increased their target price on shares of Sun Life Financial from C$54.00 to C$55.00 in a research note on Friday, May 10th. National Bank Financial increased their target price on shares of Sun Life Financial from C$58.00 to C$59.00 and gave the stock an “outperform” rating in a research note on Thursday, May 9th. Finally, Desjardins raised their price objective on shares of Sun Life Financial from C$58.00 to C$59.00 in a research note on Monday, April 15th.
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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 worldwide. The company operates through five segments: Sun Life Financial Canada, Sun Life Financial United States, Sun Life Financial Asset Management, Sun Life Financial Asia, and Corporate.
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