National Bank Financial Reiterates “C$13.00” Price Target for Sagicor Financial (TSE:SFC)

Sagicor Financial (TSE:SFC) has been given a C$13.00 price target by National Bank Financial in a report released on Monday, BayStreet reports. The firm presently has an “outperform” rating on the stock. National Bank Financial’s price target would suggest a potential upside of 55.88% from the company’s previous close.

Sagicor Financial Price Performance

Shares of TSE SFC remained flat at C$8.34 during mid-day trading on Monday. The stock had a trading volume of 41,157 shares, compared to its average volume of 68,857. The stock has a market cap of C$1.13 billion, a P/E ratio of 9.83 and a beta of 0.27. Sagicor Financial has a twelve month low of C$7.80 and a twelve month high of C$10.53. The business’s fifty day moving average price is C$8.61 and its 200-day moving average price is C$8.73.

Insider Transactions at Sagicor Financial

In related news, Director Gilbert Samuel Palter purchased 5,400 shares of Sagicor Financial stock in a transaction on Tuesday, September 22nd. The shares were bought at an average price of C$8.35 per share, with a total value of C$45,090.00. Following the transaction, the director directly owned 566,900 shares of the company’s stock, valued at approximately C$4,733,615. This trade represents a 0.96% increase in their ownership of the stock. Over the last quarter, insiders bought 8,300 shares of company stock valued at $69,455. 34.21% of the stock is owned by company insiders.

About Sagicor Financial

Sagicor Financial Company Ltd. (TSX: SFC) is a leading financial services provider with over 185 years of history in the Caribbean, over 90 years of history in Canada, and over 70 years of history in the United States. Sagicor offers a wide range of products and services, including life, health, and general insurance, banking, pensions, annuities, investment management, and real estate. Sagicor’s registered office is located at Clarendon House, 2 Church Street, Hamilton, HM 11, Bermuda, with its principal office located at Cecil F De Caires Building, Wildey, St.