Sun Life Financial Inc (TSE:SLF) (NYSE:SLF) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $0.00 and traded as high as $55.51. Sun Life Financial shares last traded at $55.35, with a volume of 509,564 shares trading hands.
Several research analysts have recently issued reports on the company. Desjardins upped their price objective on Sun Life Financial from C$58.00 to C$59.00 in a research report on Monday, April 15th. BMO Capital Markets boosted their target price on Sun Life Financial from C$58.00 to C$60.00 in a report on Friday, May 10th. Barclays downgraded Axel Springer from an “overweight” rating to an “equal weight” rating in a report on Wednesday, June 12th. Eight Capital boosted their target price on Tamarack Valley Energy from C$4.00 to C$4.25 in a report on Friday, May 10th. Finally, Canaccord Genuity boosted their target price on TransAlta Renewables from C$12.50 to C$13.00 in a report on Monday, April 29th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. Sun Life Financial currently has an average rating of “Hold” and a consensus price target of C$57.09.
The company has a 50-day simple moving average of C$54.00. The company has a current ratio of 483.92, a quick ratio of 451.94 and a debt-to-equity ratio of 18.26. The company has a market capitalization of $33.67 billion and a P/E ratio of 13.54.
Sun Life Financial (TSE:SLF) (NYSE:SLF) last released its earnings results on Wednesday, May 8th. The financial services provider reported C$1.20 earnings per share for the quarter, missing analysts’ consensus estimates of C$1.21 by C($0.01). The company had revenue of C$11.39 billion for the quarter. On average, analysts predict that Sun Life Financial Inc will post 5.4399999 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Wednesday, May 29th were given a $0.525 dividend. The ex-dividend date was Tuesday, May 28th. This represents a $2.10 dividend on an annualized basis and a yield of 3.79%. This is an increase from Sun Life Financial’s previous quarterly dividend of $0.50. Sun Life Financial’s dividend payout ratio (DPR) is 47.68%.
In related news, Senior Officer Colm Joseph Freyne sold 17,730 shares of the firm’s stock in a transaction on Thursday, June 6th. The shares were sold at an average price of C$53.54, for a total value of C$949,264.20. Also, Director Dean Connor sold 73,000 shares of the firm’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of C$52.72, for a total transaction of C$3,848,560.00. Following the completion of the transaction, the director now directly owns 86,047 shares of the company’s stock, valued at approximately C$4,536,397.84.
About Sun Life Financial (TSE:SLF)
Sun Life Financial Inc, a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients worldwide. The company operates through five segments: Sun Life Financial Canada, Sun Life Financial United States, Sun Life Financial Asset Management, Sun Life Financial Asia, and Corporate.
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