Royal Bank of Canada set a C$82.00 price objective on Sun Life Financial (TSE:SLF – Free Report) (NYSE:SLF) in a research report released on Monday,BayStreet.CA reports. The brokerage currently has an outperform rating on the financial services provider’s stock.
Several other analysts also recently weighed in on SLF. National Bankshares decreased 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 research note on Thursday, February 13th. CIBC decreased their target price on Sun Life Financial from C$95.00 to C$94.00 and set an “outperform” rating for the company in a research note on Tuesday, February 25th. Scotiabank decreased their target price on Sun Life Financial from C$98.00 to C$94.00 in a research note on Friday, February 14th. Barclays increased their target price on Sun Life Financial from C$82.00 to C$87.00 in a research note on Monday, January 6th. Finally, National Bank Financial upgraded Sun Life Financial from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Sun Life Financial currently has an average rating of “Moderate Buy” and a consensus price target of C$87.00.
Check Out Our Latest Stock Analysis on SLF
Sun Life Financial Price Performance
Sun Life Financial Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 31st will be issued a $0.84 dividend. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $3.36 dividend on an annualized basis and a dividend yield of 4.16%. Sun Life Financial’s payout ratio is presently 48.87%.
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.
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