Sagicor Financial (TSE:SFC) Reaches New 1-Year High – Still a Buy?

Sagicor Financial Company Ltd. (TSE:SFC) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$9.64 and last traded at C$9.56, with a volume of 40489 shares traded. The stock had previously closed at C$9.43.

Analyst Upgrades and Downgrades

Separately, National Bankshares set a C$11.00 price objective on shares of Sagicor Financial and gave the company an “outperform” rating in a research report on Monday, October 20th. Four analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus price target of C$10.50.

Sagicor Financial Price Performance

The stock has a market capitalization of C$1.30 billion, a PE ratio of 10.07 and a beta of -0.01. The firm has a fifty day moving average price of C$8.45 and a two-hundred day moving average price of C$8.28.

Sagicor Financial (TSE:SFC) last posted its quarterly earnings data on Thursday, November 13th. The company reported C$0.26 earnings per share (EPS) for the quarter. Sagicor Financial had a return on equity of 56.05% and a net margin of 22.28%.The company had revenue of C$506.28 million during the quarter. On average, research analysts expect that Sagicor Financial Company Ltd. will post 0.9578783 earnings per share for the current fiscal year.

Sagicor Financial Company Profile

Sagicor Financial Company Ltd. is a leading financial services provider with over 180 years of history in the Caribbean, over 90 years of history in Canada, and a growing presence in the United States with over 70 years of history. Sagicor offers a wide range of products and services, including life, health, and general insurance, banking, pensions, annuities, investment management, and real estate. Sagicor operates through the following four segments: Sagicor Canada, Sagicor Life USA, Sagicor Jamaica, and Sagicor Life.