Sun Life Financial Inc. (TSE:SLF) Senior Officer Sells C$2,338,274.52 in Stock

Sun Life Financial Inc. (TSE:SLF) (NYSE:SLF) Senior Officer Jacques Jr. Goulet sold 26,812 shares of the company’s stock in a transaction on Tuesday, May 13th. The stock was sold at an average price of C$87.21, for a total value of C$2,338,274.52.

Sun Life Financial Trading Down 0.2%

SLF opened at C$87.94 on Friday. The firm has a market cap of C$50.23 billion, a price-to-earnings ratio of 13.26, 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. Sun Life Financial Inc. has a 12 month low of C$64.38 and a 12 month high of C$88.60. The stock has a fifty day moving average price of C$81.14 and a 200-day moving average price of C$82.50.

Sun Life Financial Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 30th will be given a $0.88 dividend. This represents a $3.52 annualized dividend and a dividend yield of 4.00%. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.84. The ex-dividend date of this dividend is Wednesday, May 28th. Sun Life Financial’s payout ratio is presently 48.87%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on SLF shares. Royal Bank of Canada upped their target price on Sun Life Financial from C$82.00 to C$88.00 in a report on Monday, May 12th. Scotiabank lowered their target price on Sun Life Financial from C$94.00 to C$90.00 and set an “outperform” rating for the company in a report on Thursday, May 1st. Cormark upgraded Sun Life Financial from a “hold” rating to a “moderate buy” rating in a report on Thursday, February 13th. Jefferies Financial Group lowered their target price on Sun Life Financial from C$96.00 to C$90.00 in a report on Monday, April 21st. Finally, National Bankshares lowered their target price on Sun Life Financial from C$95.00 to C$93.00 and set an “outperform” rating for the company in a report on Thursday, February 13th. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Sun Life Financial presently has a consensus rating of “Moderate Buy” and a consensus target price of C$86.89.

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.