Sun Life Financial (TSE:SLF) Given New C$81.00 Price Target at TD Securities

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price objective increased by TD Securities from C$77.00 to C$81.00 in a research report sent to investors on Tuesday, BayStreet.CA reports.

A number of other research firms also recently issued reports on SLF. Barclays set a C$76.00 target price on shares of Sun Life Financial and gave the company an “equal weight” rating in a research report on Thursday, September 5th. CIBC increased their price objective on shares of Sun Life Financial from C$80.00 to C$90.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Jefferies Financial Group increased their price objective on shares of Sun Life Financial from C$81.00 to C$89.00 and gave the stock a “buy” rating in a research report on Wednesday, October 16th. Evercore cut their price objective on shares of Sun Life Financial from C$76.00 to C$75.00 in a research report on Thursday, July 11th. Finally, National Bankshares increased their price objective on shares of Sun Life Financial from C$72.00 to C$73.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 13th. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of C$81.00.

Sun Life Financial Stock Performance

Shares of Sun Life Financial stock opened at C$79.94 on Tuesday. The business has a 50-day moving average price of C$76.93 and a two-hundred day moving average price of C$71.57. Sun Life Financial has a 1-year low of C$64.38 and a 1-year high of C$80.82. 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 company has a market cap of C$46.08 billion, a P/E ratio of 15.14, a PEG ratio of 1.33 and a beta of 0.94.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last released its earnings results on Monday, August 12th. The financial services provider reported C$1.71 EPS for the quarter, topping the consensus estimate of C$1.58 by C$0.13. Sun Life Financial had a return on equity of 13.65% and a net margin of 9.90%. The business had revenue of C$8.92 billion during the quarter, compared to analysts’ expectations of C$9.18 billion. As a group, analysts anticipate that Sun Life Financial will post 6.9230769 EPS for the current year.

Sun Life Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Wednesday, November 27th will be given a $0.84 dividend. This is a boost from Sun Life Financial’s previous quarterly dividend of $0.81. This represents a $3.36 annualized dividend and a yield of 4.20%. Sun Life Financial’s dividend payout ratio (DPR) is presently 61.36%.

Insider Activity at Sun Life Financial

In other Sun Life Financial news, Director Stephanie Coyles purchased 500 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The shares were acquired at an average price of C$70.00 per share, with a total value of C$35,000.00. Following the transaction, the director now owns 500 shares in the company, valued at C$35,000. In other Sun Life Financial news, Senior Officer Linda Dougherty sold 2,000 shares of Sun Life Financial stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of C$75.30, for a total transaction of C$150,590.00. Also, Director Stephanie Coyles bought 500 shares of the company’s stock in a transaction on Thursday, August 15th. The shares were purchased at an average cost of C$70.00 per share, for a total transaction of C$35,000.00. Following the transaction, the director now owns 500 shares in the company, valued at approximately C$35,000. 0.03% of the stock is owned by insiders.

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.