Sun Life Financial Inc (TSE:SLF) (NYSE:SLF) Director Stephanie Coyles purchased 500 shares of the business’s stock in a transaction dated Monday, November 13th. The stock was bought at an average price of C$49.11 per share, with a total value of C$24,555.00.
Shares of Sun Life Financial Inc (TSE SLF) traded up C$0.61 during mid-day trading on Friday, hitting C$50.20. 1,049,833 shares of the stock traded hands, compared to its average volume of 1,252,617. Sun Life Financial Inc has a 1-year low of C$43.51 and a 1-year high of C$53.75.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Wednesday, November 29th will be issued a dividend of $0.02 per share. The ex-dividend date is Tuesday, November 28th. This represents a $0.08 annualized dividend and a dividend yield of 0.16%. Sun Life Financial’s payout ratio is currently 39.49%.
A number of equities research analysts recently commented on SLF shares. CSFB increased their price objective on shares of Sun Life Financial from C$52.00 to C$54.00 in a research note on Wednesday, November 1st. TD Securities increased their price objective on shares of Sun Life Financial from C$53.00 to C$54.00 and gave the company a “hold” rating in a research note on Thursday, November 9th. Royal Bank Of Canada increased their price objective on shares of Sun Life Financial from C$53.00 to C$56.00 and gave the company an “outperform” rating in a research note on Friday, November 10th. National Bank Financial increased their price objective on shares of Sun Life Financial from C$52.00 to C$53.00 and gave the company an “outperform” rating in a research note on Thursday, August 10th. Finally, Scotiabank increased their price objective on shares of 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 investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Sun Life Financial has an average rating of “Buy” and a consensus target price of C$54.17.
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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