Key Points
- Director buying shares: Sagicor Financial director Alan Kenneth Ryder purchased 20,000 shares at C$8.55 each, spending a total of C$171,000. He now directly owns 100,000 shares, a 25% increase in his position.
- Recent performance and valuation: The stock opened at C$8.44 and has traded between C$7.21 and C$10.53 over the past 52 weeks. Sagicor Financial has a market cap of about C$1.15 billion.
- Analyst outlook remains positive: The company reported Q1 earnings of C$0.26 per share on revenue of C$791.91 million, and analysts expect full-year EPS of about 0.96. The consensus rating is Buy, with an average price target of C$11.33.
Sagicor Financial Company Ltd. (TSE:SFC - Get Free Report) Director Alan Kenneth Ryder bought 20,000 shares of the stock in a transaction that occurred on Tuesday, May 19th. The stock was purchased at an average price of C$8.55 per share, for a total transaction of C$171,000.00. Following the completion of the purchase, the director directly owned 100,000 shares in the company, valued at C$855,000. The trade was a 25.00% increase in their position.
Sagicor Financial Price Performance
Sagicor Financial stock opened at C$8.44 on Friday. Sagicor Financial Company Ltd. has a fifty-two week low of C$7.21 and a fifty-two week high of C$10.53. The firm has a fifty day moving average price of C$9.39 and a two-hundred day moving average price of C$9.16. The firm has a market cap of C$1.15 billion, a price-to-earnings ratio of 47.95 and a beta of -0.03.
Sagicor Financial (TSE:SFC - Get Free Report) last issued its quarterly earnings results on Wednesday, May 13th. The company reported C$0.26 earnings per share (EPS) for the quarter. The company had revenue of C$791.91 million for the quarter. Sagicor Financial had a return on equity of 2.58% and a net margin of 1.16%. As a group, sell-side analysts expect that Sagicor Financial Company Ltd. will post 0.9578783 earnings per share for the current year.
Analyst Ratings Changes
Separately, National Bank Financial set a C$13.00 price target on Sagicor Financial and gave the stock an "outperform" rating in a research report on Friday, April 24th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of C$11.33.
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Sagicor Financial Company Profile
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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.
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