Analysts Set Expectations for TSE:SFC FY2024 Earnings

Sagicor Financial Company Ltd. (TSE:SFCFree Report) – Analysts at National Bank Financial upped their FY2024 earnings estimates for shares of Sagicor Financial in a research report issued to clients and investors on Monday, November 18th. National Bank Financial analyst G. Dechaine now expects that the company will post earnings per share of $0.82 for the year, up from their prior estimate of $0.29. The consensus estimate for Sagicor Financial’s current full-year earnings is $0.96 per share.

Other equities research analysts have also recently issued research reports about the stock. Scotiabank decreased their target price on shares of Sagicor Financial from C$10.00 to C$9.00 and set an “outperform” rating on the stock in a research note on Friday, August 16th. Royal Bank of Canada reduced their price objective on shares of Sagicor Financial from C$9.00 to C$8.50 and set an “outperform” rating on the stock in a research report on Tuesday, August 20th.

View Our Latest Report on SFC

Sagicor Financial Stock Performance

TSE SFC opened at C$6.29 on Thursday. Sagicor Financial has a 12 month low of C$5.40 and a 12 month high of C$7.41. The company has a market cap of C$887.33 million, a PE ratio of 1.43 and a beta of 0.20. The business’s 50 day moving average price is C$6.00.

Insider Activity

In other Sagicor Financial news, Director Alan Kenneth Ryder purchased 10,000 shares of Sagicor Financial stock in a transaction that occurred on Monday, September 30th. The shares were bought at an average price of C$5.57 per share, for a total transaction of C$55,700.00. Insiders have purchased a total of 15,000 shares of company stock worth $84,750 over the last quarter. Insiders own 34.21% of the company’s stock.

About Sagicor Financial

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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.

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