Sun Life Financial (SLF) Rating Increased to Buy at TD Securities
TD Securities upgraded shares of Sun Life Financial (TSE:SLF) (NYSE:SLF) from a hold rating to a buy rating in a research report sent to investors on Monday morning. They currently have C$60.00 price target on the financial services provider’s stock, up from their prior price target of C$54.00.
Other equities analysts also recently issued reports about the stock. Royal Bank of Canada boosted their target price on shares of Sun Life Financial from C$53.00 to C$56.00 and gave the stock an outperform rating in a research note on Friday, November 10th. Barclays boosted their target price on shares of Sun Life Financial from C$53.00 to C$55.00 in a research note on Thursday, January 11th. CSFB boosted their target price on shares of Sun Life Financial from C$52.00 to C$54.00 in a research note on Wednesday, November 1st. Finally, National Bank Financial boosted their target price on shares of Sun Life Financial from C$53.00 to C$54.00 and gave the stock an outperform rating in a research note on Thursday, November 9th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has an average rating of Buy and a consensus price target of C$55.13.
Shares of Sun Life Financial (TSE:SLF) traded up C$1.46 during midday trading on Monday, hitting C$53.78. 821,425 shares of the company’s stock were exchanged, compared to its average volume of 792,029. Sun Life Financial has a one year low of C$43.51 and a one year high of C$54.11. The company has a market capitalization of $33,120.00, a P/E ratio of 12.42 and a beta of 0.56.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Wednesday, November 29th were paid a dividend of $0.02 per share. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.15%. The ex-dividend date of this dividend was Tuesday, November 28th. Sun Life Financial’s dividend payout ratio (DPR) is 39.49%.
In related news, insider Colm Joseph Freyne sold 17,731 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of C$49.93, for a total transaction of C$885,308.83. Also, Director Dean Connor sold 50,042 shares of the business’s 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.
COPYRIGHT VIOLATION NOTICE: This piece of content was first reported by Daily Political and is owned by of Daily Political. If you are reading this piece of content on another publication, it was stolen and reposted in violation of US and international trademark and copyright legislation. The correct version of this piece of content can be viewed at https://www.dailypolitical.com/2018/01/16/sun-life-financial-slf-rating-increased-to-buy-at-td-securities.html.
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.
Receive News & Ratings for Sun Life Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sun Life Financial and related companies with MarketBeat.com's FREE daily email newsletter.