Sun Life Financial Inc. (TSE:SLF) Plans Quarterly Dividend of $0.84

Sun Life Financial Inc. (TSE:SLF) (NYSE:SLF) declared a quarterly dividend on Wednesday, November 27th,RTT News reports. Investors of record on Wednesday, November 27th will be given a dividend of 0.84 per share by the financial services provider on Tuesday, December 31st. This represents a $3.36 dividend on an annualized basis and a yield of 3.90%. 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.

Sun Life Financial Stock Up 0.7 %

Shares of SLF opened at C$86.13 on Tuesday. Sun Life Financial has a 52-week low of C$64.38 and a 52-week high of C$86.51. The company has a market capitalization of C$49.65 billion, a PE ratio of 16.31, a price-to-earnings-growth ratio of 1.33 and a beta of 0.94. The stock has a fifty day simple moving average of C$79.83 and a two-hundred day simple moving average of C$72.92. 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.

Insider Buying and Selling at Sun Life Financial

In other news, Director Kevin Strain sold 85,943 shares of Sun Life Financial stock in a transaction dated Friday, November 15th. The stock was sold at an average price of C$84.71, for a total transaction of C$7,280,231.53. Also, Senior Officer Linda Dougherty sold 2,000 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of C$75.30, for a total value of C$150,590.00. Insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on SLF. TD Securities raised their target price on 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. Scotiabank boosted their price objective on shares of Sun Life Financial from C$85.00 to C$96.00 in a report on Thursday, November 14th. Cormark upped their target price on shares of Sun Life Financial from C$82.00 to C$85.00 in a research report on Tuesday, November 5th. Jefferies Financial Group lifted their price target on shares of Sun Life Financial from C$90.00 to C$94.00 in a research report on Thursday, November 14th. Finally, National Bankshares increased their price objective on shares of Sun Life Financial from C$72.00 to C$73.00 and gave the stock a “sector perform” rating in a research report on Tuesday, August 13th. 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, Sun Life Financial presently has an average rating of “Moderate Buy” and an average price target of C$84.18.

Sun Life Financial Company Profile

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.