Jefferies Financial Group Increases Sun Life Financial (TSE:SLF) Price Target to C$94.00

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its target price upped by Jefferies Financial Group from C$90.00 to C$94.00 in a research report released on Thursday morning,BayStreet.CA reports.

Other equities research analysts also recently issued reports about the stock. Royal Bank of Canada increased their price objective on shares of Sun Life Financial from C$78.00 to C$82.00 in a research note on Wednesday, November 6th. Scotiabank increased their price target on shares of Sun Life Financial from C$85.00 to C$96.00 in a research report on Thursday. National Bankshares lifted their price objective on shares of Sun Life Financial from C$72.00 to C$73.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 13th. Cormark upped their target price on Sun Life Financial from C$82.00 to C$85.00 in a research note on Tuesday, November 5th. Finally, Barclays lifted their price target on Sun Life Financial from C$76.00 to C$79.00 in a research note on Tuesday, November 5th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, Sun Life Financial presently has an average rating of “Moderate Buy” and an average price target of C$84.18.

Sun Life Financial Stock Performance

SLF opened at C$84.88 on Thursday. 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. Sun Life Financial has a 52-week low of C$64.38 and a 52-week high of C$86.39. The firm has a market cap of C$48.93 billion, a P/E ratio of 16.08, a price-to-earnings-growth ratio of 1.33 and a beta of 0.94. The business’s fifty day moving average is C$78.56 and its 200-day moving average is C$72.32.

Sun Life Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 31st will be issued a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date of this dividend is Wednesday, November 27th. This is a boost from Sun Life Financial’s previous quarterly dividend of $0.81. Sun Life Financial’s dividend payout ratio is presently 61.36%.

Insider Activity

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

Sun Life Financial Company Profile

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.