Sun Life Financial Inc. (TSE:SLF – Get Free Report) (NYSE:SLF) declared a quarterly dividend on Wednesday, February 12th,RTT News reports. Investors of record on Wednesday, February 26th will be paid a dividend of 0.84 per share by the financial services provider on Monday, March 31st. This represents a $3.36 dividend on an annualized basis and a yield of 4.28%.
Sun Life Financial Price Performance
Shares of Sun Life Financial stock opened at C$78.45 on Friday. The stock has a 50 day moving average of C$84.72 and a 200 day moving average of C$79.44. Sun Life Financial has a 12 month low of C$64.38 and a 12 month high of C$88.54. The firm has a market cap of C$44.81 billion, a PE ratio of 11.83, a PEG ratio of 1.33 and a beta of 0.94. The company has a current ratio of 92.19, a quick ratio of 84,866.00 and a debt-to-equity ratio of 26.00.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on the company. Cormark raised their price objective on Sun Life Financial from C$82.00 to C$85.00 in a research note on Tuesday, November 5th. CIBC raised their price objective on Sun Life Financial from C$96.00 to C$97.00 in a research note on Thursday, January 30th. National Bankshares lowered their price objective on Sun Life Financial from C$95.00 to C$93.00 and set an “outperform” rating for the company in a research note on Thursday. Scotiabank raised their price objective on Sun Life Financial from C$85.00 to C$96.00 in a research note on Thursday, November 14th. Finally, Royal Bank of Canada raised their price objective on Sun Life Financial from C$78.00 to C$82.00 in a research note on Wednesday, November 6th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of C$87.50.
Sun Life Financial Company Profile
Sun Life Financial is one of Canada’s Big Three life insurance companies along with Great-West Lifeco and Manulife. Sun Life provides insurance, retirement, and wealth-management services to individual and corporate customers in Canada, the United States, and Asia. It also owns MFS Investment Management, a Boston-based asset-management firm.
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