TD Securities Boosts Sun Life Financial (TSE:SLF) Price Target to C$87.00

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price target hoisted by TD Securities from C$81.00 to C$87.00 in a report released on Thursday morning,BayStreet.CA reports. TD Securities currently has a hold rating on the financial services provider’s stock.

A number of other equities analysts also recently commented on the stock. Cormark raised their target price on shares of Sun Life Financial from C$82.00 to C$85.00 in a research note on Tuesday, November 5th. National Bankshares raised their price objective on Sun Life Financial from C$72.00 to C$73.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 13th. CIBC boosted their price target on Sun Life Financial from C$90.00 to C$96.00 in a research report on Wednesday. Scotiabank increased their price objective on shares of Sun Life Financial from C$73.00 to C$85.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Finally, Royal Bank of Canada lifted their target price on Sun Life Financial from C$78.00 to C$82.00 in a research report on Wednesday, November 6th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of C$84.18.

Sun Life Financial Stock Down 1.2 %

SLF opened at C$84.88 on Thursday. Sun Life Financial has a 1 year low of C$64.38 and a 1 year high of C$86.39. The firm has a 50 day moving average price of C$78.56 and a 200 day moving average price of C$72.32. The company has a debt-to-equity ratio of 53.77, a quick ratio of 84,866.00 and a current ratio of 65.29. The company has a market cap of C$48.93 billion, a PE ratio of 16.08, a price-to-earnings-growth ratio of 1.33 and a beta of 0.94.

Sun Life Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st will be given a dividend of $0.84 per share. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.81. This represents a $3.36 annualized dividend and a dividend yield of 3.96%. The ex-dividend date of this dividend is Wednesday, November 27th. Sun Life Financial’s dividend payout ratio is currently 61.36%.

Insiders Place Their Bets

In related news, Senior Officer Linda Dougherty bought 5,800 shares of the company’s stock in a transaction on Friday, November 15th. The shares were purchased at an average cost of C$84.83 per share, with a total value of C$492,014.00. Also, Director Kevin Strain sold 85,943 shares of the firm’s stock in a transaction on Friday, November 15th. The shares were sold at an average price of C$84.71, for a total value of C$7,280,231.53. 0.03% of the stock is currently owned by corporate insiders.

About Sun Life Financial

Sun Life Financial Inc, a financial services company, provides savings, retirement, and pension products worldwide. The company operates in five segments: Asset Management, Canada, U.S., Asia, and Corporate. It offers various insurance products, such as term and permanent life; personal health, which includes prescription drugs, dental, and vision care; critical illness; long-term care; and disability, as well as reinsurance.