Sun Life Financial Inc (TSE:SLF) (NYSE:SLF) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$17.94 and last traded at C$50.28, with a volume of 698241 shares trading hands. The stock had previously closed at C$50.79.

SLF has been the topic of a number of research reports. National Bank Financial upped their target price on shares of Sun Life Financial from C$52.00 to C$53.00 and gave the company an “outperform” rating in a research report on Thursday, August 10th. Scotiabank upped their target price on shares of Sun Life Financial from C$52.00 to C$53.00 and gave the company a “sector perform” rating in a research report on Friday, August 11th. Royal Bank Of Canada upped their target price on shares of Sun Life Financial from C$51.00 to C$53.00 and gave the company an “outperform” rating in a research report on Friday, August 11th. CSFB upped their target price on shares of Sun Life Financial from C$52.00 to C$54.00 in a research report on Wednesday, November 1st. Finally, TD Securities upped their target price on shares of Sun Life Financial from C$53.00 to C$54.00 and gave the company a “hold” rating in a research report on Thursday, November 9th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of C$54.17.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Wednesday, November 29th will be given a $0.02 dividend. The ex-dividend date is Tuesday, November 28th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.16%. Sun Life Financial’s dividend payout ratio is 39.49%.

In related news, Director Dean Connor sold 50,042 shares of the stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of C$50.37, for a total transaction of C$2,520,615.54. Also, insider Colm Joseph Freyne sold 17,731 shares of the stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of C$49.93, for a total value of C$885,308.83.

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Sun Life Financial Company Profile

Sun Life Financial Inc is the holding company of Sun Life Assurance Company of Canada. The Company is a financial services company providing a range of insurance, wealth and asset management solutions to individuals and corporate Clients. It operates through five segments. The Sun Life Financial Canada segment provides retail insurance and investment advice, products and services to people across Canada.

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