Sun Life Financial (TSE:SLF) Price Target Raised to C$94.00 at Jefferies Financial Group

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price target hoisted by Jefferies Financial Group from C$90.00 to C$94.00 in a report released on Thursday morning,BayStreet.CA reports.

A number of other analysts also recently commented on the company. Barclays boosted their price objective on Sun Life Financial from C$76.00 to C$79.00 in a research note on Tuesday, November 5th. National Bankshares lifted their price target on Sun Life Financial from C$72.00 to C$73.00 and gave the company a “sector perform” rating in a report on Tuesday, August 13th. Royal Bank of Canada boosted their target price on Sun Life Financial from C$78.00 to C$82.00 in a research note on Wednesday, November 6th. Scotiabank boosted their price objective on Sun Life Financial from C$85.00 to C$96.00 in a research report on Thursday. Finally, Cormark raised their price objective on Sun Life Financial from C$82.00 to C$85.00 in a research report on Tuesday, November 5th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of C$84.18.

Sun Life Financial Stock Down 1.4 %

Shares of TSE:SLF traded down C$1.17 during mid-day trading on Thursday, hitting C$84.78. 184,864 shares of the company traded hands, compared to its average volume of 2,008,130. The firm has a market cap of C$48.87 billion, a P/E ratio of 16.24, a PEG ratio of 1.33 and a beta of 0.94. The company has a debt-to-equity ratio of 53.77, a quick ratio of 84,866.00 and a current ratio of 65.29. Sun Life Financial has a 52-week low of C$64.38 and a 52-week high of C$86.39. The firm’s 50 day simple moving average is C$78.34 and its 200 day simple moving average is C$72.22.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last issued its earnings results on Monday, August 12th. The financial services provider reported C$1.71 EPS for the quarter, topping the consensus estimate of C$1.58 by C$0.13. The company had revenue of C$8.92 billion during the quarter, compared to analyst estimates of C$9.18 billion. Sun Life Financial had a return on equity of 13.65% and a net margin of 9.90%. On average, equities analysts anticipate that Sun Life Financial will post 6.9230769 EPS for the current year.

Sun Life Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Wednesday, November 27th will be issued a $0.84 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This is an increase from Sun Life Financial’s previous quarterly dividend of $0.81. This represents a $3.36 annualized dividend and a yield of 3.96%. Sun Life Financial’s dividend payout ratio (DPR) is 61.36%.

Insider Buying and Selling at Sun Life Financial

In related news, Senior Officer Linda Dougherty sold 2,000 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of C$75.30, for a total transaction of C$150,590.00. Insiders own 0.03% of the company’s stock.

About Sun Life Financial

Sun Life Financial Inc, a financial services company, provides savings, retirement, and pension products worldwide. The company operates in five segments: Asset Management, Canada, U.S., Asia, and Corporate. It offers various insurance products, such as term and permanent life; personal health, which includes prescription drugs, dental, and vision care; critical illness; long-term care; and disability, as well as reinsurance.