Sagicor Financial Company Ltd. (TSE:SFC) Director Purchases C$55,700.00 in Stock

Sagicor Financial Company Ltd. (TSE:SFC) Director Alan Kenneth Ryder acquired 10,000 shares of the firm’s stock in a transaction on Monday, September 30th. The shares were bought at an average price of C$5.57 per share, for a total transaction of C$55,700.00.

Alan Kenneth Ryder also recently made the following trade(s):

• On Friday, September 13th, Alan Kenneth Ryder purchased 3,200 shares of Sagicor Financial stock. The shares were bought at an average price of C$5.81 per share, for a total transaction of C$18,592.00.
• On Wednesday, September 11th, Alan Kenneth Ryder acquired 1,800 shares of Sagicor Financial stock. The shares were purchased at an average price of C$5.81 per share, for a total transaction of C$10,458.00.

Sagicor Financial Trading Up 2.1 %

Shares of TSE:SFC opened at C$5.75 on Thursday. The stock has a market capitalization of C$811.15 million, a price-to-earnings ratio of 1.32 and a beta of 0.21. The stock’s 50 day moving average is C$5.91. Sagicor Financial Company Ltd. has a one year low of C$4.80 and a one year high of C$7.41.

Sagicor Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, August 27th were given a dividend of $0.083 per share. This represents a $0.33 dividend on an annualized basis and a dividend yield of 5.77%. The ex-dividend date of this dividend was Tuesday, August 27th. Sagicor Financial’s payout ratio is 7.57%.

Analyst Ratings Changes

SFC has been the topic of several analyst reports. Royal Bank of Canada cut their price target on shares of Sagicor Financial from C$9.00 to C$8.50 and set an “outperform” rating on the stock in a report on Tuesday, August 20th. Scotiabank reduced their price target on Sagicor Financial from C$10.00 to C$9.00 and set an “outperform” rating on the stock in a report on Friday, August 16th.

About Sagicor Financial

Sagicor Financial Company Ltd., together with its subsidiaries, provides insurance products and related financial services in Jamaica, Barbados, Trinidad, Tobago, other Caribbean region, and the United States. It operates through three segments: Sagicor Jamaica, Sagicor Life, and Sagicor Life USA. The company offers life and health insurance products; employee benefits, including group health and group life benefits; and annuities, asset management, and property and casualty insurance.