Other research analysts have also issued reports about the company. Evercore ISI lowered their target price on Sun Life Financial from C$60.00 to C$59.00 in a report on Thursday. Evercore lowered their target price on Sun Life Financial from C$60.00 to C$59.00 in a report on Thursday. CIBC lowered their target price on Sun Life Financial from C$59.00 to C$57.00 in a report on Monday, October 29th. Desjardins lowered their target price on Sun Life Financial from C$60.00 to C$58.00 in a report on Tuesday, October 16th. Finally, BMO Capital Markets lowered their target price on Sun Life Financial from C$62.00 to C$60.00 in a report on Friday, August 10th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Sun Life Financial currently has an average rating of Buy and a consensus target price of C$57.71.
TSE:SLF traded down C$0.18 during mid-day trading on Friday, reaching C$48.45. 1,192,800 shares of the stock were exchanged, compared to its average volume of 1,099,038. Sun Life Financial has a 1-year low of C$46.96 and a 1-year high of C$56.09. The company has a quick ratio of 448.92, a current ratio of 481.58 and a debt-to-equity ratio of 18.98.
Sun Life Financial (TSE:SLF) (NYSE:SLF) last released its earnings results on Wednesday, August 8th. The financial services provider reported C$1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$1.15 by C$0.05. The firm had revenue of C$6.83 billion for the quarter. On average, equities analysts expect that Sun Life Financial will post 5.01311658165698 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, December 31st. Investors of record on Wednesday, November 28th will be given a $0.50 dividend. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.48. The ex-dividend date is Tuesday, November 27th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 4.13%. Sun Life Financial’s dividend payout ratio (DPR) is 46.50%.
In related news, insider Stephen Peacher sold 89,485 shares of the stock in a transaction on Thursday, September 6th. The stock was sold at an average price of C$51.39, for a total value of C$4,598,634.15.
About Sun Life Financial
Sun Life Financial Inc, a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients, high-net-worth individuals, and families. It operates through Sun Life Financial Canada, Sun Life Financial United States, Sun Life Financial Asset Management, Sun Life Financial Asia, and Corporate segments.
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