Sun Life Financial Inc (SLF) Reaches New 1-Year High at $17.40
Shares of Sun Life Financial Inc (TSE:SLF) (NYSE:SLF) hit a new 52-week high during trading on Thursday . The company traded as high as C$17.40 and last traded at C$17.30, with a volume of 508,827 shares traded. The stock had previously closed at C$49.77.
A number of analysts recently commented on SLF shares. Barclays PLC lifted their price target on Sun Life Financial from C$52.00 to C$53.00 in a report on Wednesday, July 12th. National Bank Financial lifted their price target on Sun Life Financial from C$52.00 to C$53.00 and gave the stock an “outperform” rating in a report on Thursday, August 10th. Royal Bank Of Canada upgraded Sun Life Financial from a “sector perform” rating to an “outperform” rating and set a C$51.00 target price on the stock in a research note on Wednesday, June 7th. Finally, Scotiabank boosted their target price on Sun Life Financial from C$52.00 to C$53.00 and gave the company a “sector perform” rating in a research note on Friday, August 11th. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of C$53.08.
The firm’s 50-day moving average is $48.15 and its 200 day moving average is $47.24. The company has a market capitalization of $30.75 billion and a P/E ratio of 11.93.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Shareholders of record on Wednesday, August 30th were issued a dividend of $0.435 per share. The ex-dividend date of this dividend was Monday, August 28th. This represents a $1.74 dividend on an annualized basis and a yield of 3.47%.
In other Sun Life Financial news, insider Kevin Strain sold 34,298 shares of the firm’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of C$49.15, for a total transaction of C$1,685,746.70.
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Sun Life Financial Company Profile
Sun Life Financial Inc is the holding company of Sun Life Assurance Company of Canada. The Company is a financial services company providing a range of insurance, wealth and asset management solutions to individuals and corporate Clients. It operates through five segments. The Sun Life Financial Canada segment provides retail insurance and investment advice, products and services to people across Canada.
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