Sagicor Financial Company Ltd. (TSE:SFC – Get Free Report) shares were up 4.4% on Monday. The company traded as high as C$8.54 and last traded at C$8.52. 76,701 shares were traded during trading, an increase of 16% from the average daily volume of 66,335 shares. The stock had previously closed at C$8.16.
Wall Street Analyst Weigh In
Separately, National Bank Financial set a C$13.00 target price on Sagicor Financial and gave the company an “outperform” rating in a research report on Monday, October 19th. Two analysts have rated the stock with a Buy rating. According to MarketBeat.com, the company has an average rating of “Buy” and an average target price of C$11.50.
View Our Latest Stock Analysis on SFC
Sagicor Financial Stock Performance
The business has a 50 day moving average of C$8.43 and a two-hundred day moving average of C$8.88. The stock has a market capitalization of C$1.16 billion, a PE ratio of 10.11 and a beta of 0.44.
Insider Activity at Sagicor Financial
In other news, Director Gilbert Samuel Palter purchased 5,400 shares of the firm’s stock in a transaction on Tuesday, September 22nd. The stock was acquired at an average cost of C$8.35 per share, with a total value of C$45,090.00. Following the completion of the transaction, the director owned 566,900 shares in the company, valued at C$4,733,615. This represents a 0.96% increase in their position. Insiders have bought 8,300 shares of company stock worth $69,455 over the last ninety days. Corporate insiders own 34.21% of the company’s stock.
About Sagicor Financial
Sagicor Financial Company Ltd. (TSX: SFC) is a leading financial services provider with over 185 years of history in the Caribbean, over 90 years of history in Canada, and over 70 years of history in the United States. Sagicor offers a wide range of products and services, including life, health, and general insurance, banking, pensions, annuities, investment management, and real estate. Sagicor’s registered office is located at Clarendon House, 2 Church Street, Hamilton, HM 11, Bermuda, with its principal office located at Cecil F De Caires Building, Wildey, St. Michael, Barbados.
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