Sagicor Financial Company Ltd. (TSE:SFC) Director Acquires C$10,458.00 in Stock

Sagicor Financial Company Ltd. (TSE:SFC) Director Alan Kenneth Ryder bought 1,800 shares of Sagicor Financial stock in a transaction on Wednesday, September 11th. The shares were purchased at an average cost of C$5.81 per share, for a total transaction of C$10,458.00.

Alan Kenneth Ryder also recently made the following trade(s):

• On Friday, September 13th, Alan Kenneth Ryder purchased 3,200 shares of Sagicor Financial stock. The stock was acquired at an average cost of C$5.81 per share, for a total transaction of C$18,592.00.

Sagicor Financial Price Performance

SFC stock opened at C$5.76 on Thursday. The company has a fifty day moving average price of C$6.04. Sagicor Financial Company Ltd. has a 12-month low of C$4.71 and a 12-month high of C$7.41. The stock has a market cap of C$812.56 million, a P/E ratio of 1.32 and a beta of 0.21.

Sagicor Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, August 27th were given a dividend of $0.083 per share. The ex-dividend date was Tuesday, August 27th. This represents a $0.33 annualized dividend and a dividend yield of 5.76%. Sagicor Financial’s dividend payout ratio is presently 7.36%.

Analyst Upgrades and Downgrades

SFC has been the subject of several research analyst reports. Scotiabank lowered their target price on shares of Sagicor Financial from C$10.00 to C$9.00 and set an “outperform” rating for the company in a research note on Friday, August 16th. Royal Bank of Canada lowered their price objective on shares of Sagicor Financial from C$9.00 to C$8.50 and set an “outperform” rating for the company in a research report on Tuesday, August 20th.

Sagicor Financial Company Profile

Sagicor Financial Company Ltd., together with its subsidiaries, provides insurance products and related financial services in Jamaica, Barbados, Trinidad, Tobago, other Caribbean region, and the United States. It operates through three segments: Sagicor Jamaica, Sagicor Life, and Sagicor Life USA. The company offers life and health insurance products; employee benefits, including group health and group life benefits; and annuities, asset management, and property and casualty insurance.