Key Points
- Insider Linda Dougherty bought 6,740 shares of Sun Life Financial at C$97.97 each, a purchase worth about C$660,318. After the buy, her stake doubled to 13,480 shares.
- Dougherty also sold two blocks of stock the day before, totaling 10,118 shares at average prices of C$97.01 and C$96.49, showing notable insider trading activity around the same time.
- Sun Life Financial shares were trading near C$99.03, close to their 12-month high, and the company recently raised its quarterly dividend to C$0.96 per share for a 3.9% annual yield.
Sun Life Financial Inc. (TSE:SLF - Get Free Report) (NYSE:SLF) insider Linda Dougherty bought 6,740 shares of the business's stock in a transaction dated Thursday, May 14th. The shares were acquired at an average cost of C$97.97 per share, with a total value of C$660,317.80. Following the completion of the purchase, the insider owned 13,480 shares in the company, valued at approximately C$1,320,635.60. This represents a 100.00% increase in their position.
Linda Dougherty also recently made the following trade(s):
- On Wednesday, May 13th, Linda Dougherty sold 5,000 shares of Sun Life Financial stock. The stock was sold at an average price of C$97.01, for a total value of C$485,050.00.
- On Wednesday, May 13th, Linda Dougherty sold 5,118 shares of Sun Life Financial stock. The stock was sold at an average price of C$96.49, for a total value of C$493,835.82.
Sun Life Financial Trading Up 0.7%
Shares of SLF stock opened at C$99.03 on Friday. The company has a market cap of C$54.87 billion, a price-to-earnings ratio of 18.44, a price-to-earnings-growth ratio of 1.33 and a beta of 0.73. The stock has a 50 day simple moving average of C$91.57 and a 200-day simple moving average of C$87.86. Sun Life Financial Inc. has a 12-month low of C$77.38 and a 12-month high of C$101.15.
Sun Life Financial (TSE:SLF - Get Free Report) (NYSE:SLF) last released its quarterly earnings data on Wednesday, May 6th. The financial services provider reported C$1.89 earnings per share for the quarter. Sun Life Financial had a return on equity of 12.98% and a net margin of 9.12%.The firm had revenue of C$8.73 billion during the quarter. On average, equities analysts forecast that Sun Life Financial Inc. will post 6.9230769 earnings per share for the current fiscal year.
Sun Life Financial Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th will be paid a $0.96 dividend. This represents a $3.84 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Wednesday, May 27th. This is an increase from Sun Life Financial's previous quarterly dividend of $0.92. Sun Life Financial's dividend payout ratio (DPR) is 67.04%.
Analyst Ratings Changes
Several research firms recently weighed in on SLF. TD Securities dropped their price objective on Sun Life Financial from C$104.00 to C$102.00 and set a "buy" rating for the company in a research note on Thursday, February 12th. Desjardins set a C$101.00 price objective on Sun Life Financial and gave the company a "buy" rating in a research note on Friday, April 17th. Royal Bank Of Canada raised their price objective on Sun Life Financial from C$83.00 to C$95.00 and gave the company a "sector perform" rating in a research note on Friday, February 13th. BMO Capital Markets raised their price objective on Sun Life Financial from C$99.00 to C$105.00 in a research note on Friday, May 8th. Finally, Barclays raised their price objective on Sun Life Financial from C$84.00 to C$85.00 in a research note on Wednesday, April 8th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of C$101.60.
Check Out Our Latest Stock Analysis on Sun Life Financial
Sun Life Financial Company Profile
(
Get Free Report)
Sun Life Financial is one of Canada's Big Three life insurance companies along with Great-West Lifeco and Manulife. Sun Life provides insurance, retirement, and wealth-management services to individual and corporate customers in Canada, the United States, and Asia. It also owns MFS Investment Management, a Boston-based asset-management firm. Sun Life generates about a third of its profit from asset-management operations.
Further Reading
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