Sun Life Financial (TSE:SLF) Stock Price Expected to Rise, Barclays Analyst Says

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price objective increased by Barclays from C$79.00 to C$82.00 in a report released on Thursday,BayStreet.CA reports.

A number of other analysts have also weighed in on SLF. Cormark raised their price objective on shares of Sun Life Financial from C$82.00 to C$85.00 in a research note on Tuesday, November 5th. Royal Bank of Canada raised their price target on shares of Sun Life Financial from C$78.00 to C$82.00 in a research report on Wednesday, November 6th. National Bankshares upped 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 increased their target price on Sun Life Financial from C$90.00 to C$96.00 in a research note on Wednesday. Finally, Jefferies Financial Group boosted their price target on Sun Life Financial from C$90.00 to C$94.00 in a research note on Thursday. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Sun Life Financial has an average rating of “Moderate Buy” and a consensus target price of C$84.18.

Sun Life Financial Trading Down 1.2 %

TSE SLF opened at C$84.88 on Thursday. Sun Life Financial has a 12 month low of C$64.38 and a 12 month high of C$86.39. The company has a current ratio of 65.29, a quick ratio of 84,866.00 and a debt-to-equity ratio of 53.77. The stock’s fifty day moving average price is C$78.56 and its 200-day moving average price is C$72.32. The stock has a market cap of C$48.93 billion, a P/E ratio of 16.08, a P/E/G ratio of 1.33 and a beta of 0.94.

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 given a $0.84 dividend. This represents a $3.36 annualized dividend and a yield of 3.96%. This is a boost from Sun Life Financial’s previous quarterly dividend of $0.81. The ex-dividend date is Wednesday, November 27th. Sun Life Financial’s dividend payout ratio (DPR) is presently 61.36%.

Insider Buying and Selling at Sun Life Financial

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

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.