Sun Life Financial Inc. (TSE:SLF) Senior Officer Buys C$492,014.00 in Stock

Sun Life Financial Inc. (TSE:SLF) (NYSE:SLF) Senior Officer Linda Dougherty bought 5,800 shares of the business’s 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.

Linda Dougherty also recently made the following trade(s):

• On Thursday, September 12th, Linda Dougherty sold 2,000 shares of Sun Life Financial stock. The shares were sold at an average price of C$75.30, for a total value of C$150,590.00.

Sun Life Financial Stock Down 1.2 %

TSE:SLF opened at C$84.88 on Monday. The company has a market cap of C$48.93 billion, a price-to-earnings ratio of 16.08, a P/E/G ratio of 1.33 and a beta of 0.94. 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 stock’s fifty day moving average price is C$78.56 and its two-hundred day moving average price is C$72.32. Sun Life Financial Inc. has a 52-week low of C$64.38 and a 52-week high of C$86.39.

Sun Life Financial Increases Dividend

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

Wall Street Analysts Forecast Growth

SLF has been the subject of several research reports. CIBC lifted their price target on Sun Life Financial from C$90.00 to C$96.00 in a report on Wednesday, November 13th. Scotiabank increased their price target on shares of Sun Life Financial from C$85.00 to C$96.00 in a research note on Thursday. Barclays lifted their price objective on shares of Sun Life Financial from C$79.00 to C$82.00 in a research note on Thursday. National Bankshares increased their target price 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. Finally, Royal Bank of Canada boosted their price target on Sun Life Financial from C$78.00 to C$82.00 in a research report on Wednesday, November 6th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, Sun Life Financial currently has a consensus rating of “Moderate Buy” and an average target price of C$84.18.

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.