Sun Life Financial (TSE:SLF) Given New C$87.00 Price Target at Barclays

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price objective upped by Barclays from C$82.00 to C$87.00 in a research note issued to investors on Monday,BayStreet.CA reports.

A number of other research analysts have also commented on SLF. Cormark upped their target price on Sun Life Financial from C$82.00 to C$85.00 in a research note on Tuesday, November 5th. CIBC increased their price objective on shares of Sun Life Financial from C$90.00 to C$96.00 in a research note on Wednesday, November 13th. Jefferies Financial Group raised their price objective on shares of Sun Life Financial from C$90.00 to C$94.00 in a report on Thursday, November 14th. Royal Bank of Canada upped their target price on shares of Sun Life Financial from C$78.00 to C$82.00 in a research note on Wednesday, November 6th. Finally, TD Securities raised their price target on shares of Sun Life Financial from C$81.00 to C$87.00 and gave the stock a “hold” rating in a research note on Thursday, November 14th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$84.64.

Sun Life Financial Stock Performance

Shares of TSE SLF opened at C$84.41 on Monday. Sun Life Financial has a 12 month low of C$64.38 and a 12 month high of C$88.54. The company has a quick ratio of 84,866.00, a current ratio of 65.29 and a debt-to-equity ratio of 53.77. The company has a market cap of C$48.66 billion, a P/E ratio of 15.99, a P/E/G ratio of 1.33 and a beta of 0.94. The business’s 50 day moving average is C$84.34 and its two-hundred day moving average is C$76.37.

Sun Life Financial Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Wednesday, November 27th were paid a $0.84 dividend. This represents a $3.36 dividend on an annualized basis and a yield of 3.98%. This is an increase from Sun Life Financial’s previous quarterly dividend of $0.81. The ex-dividend date was Wednesday, November 27th. Sun Life Financial’s dividend payout ratio (DPR) is currently 61.36%.

Insider Activity at Sun Life Financial

In other Sun Life Financial news, Senior Officer Linda Dougherty purchased 5,800 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were acquired at an average price of C$84.83 per share, for a total transaction of C$492,014.00. Also, Director Kevin Strain sold 85,943 shares of the stock in a transaction dated Friday, November 15th. The shares were sold at an average price of C$84.71, for a total transaction of C$7,280,231.53. 0.03% of the stock is owned by company insiders.

About Sun Life Financial

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.