Sun Life Financial (TSE:SLF) Price Target Increased to C$77.00 by Analysts at CIBC

Sun Life Financial (TSE:SLFFree Report) (NYSE:SLF) had its target price lifted by CIBC from C$75.00 to C$77.00 in a research report sent to investors on Friday morning, BayStreet.CA reports. CIBC currently has an outperform rating on the financial services provider’s stock.

A number of other brokerages have also weighed in on SLF. TD Securities increased their target price on shares of Sun Life Financial from C$62.00 to C$73.00 and gave the stock a hold rating in a research report on Thursday, February 8th. BMO Capital Markets boosted their price objective on Sun Life Financial from C$70.00 to C$80.00 and gave the company an outperform rating in a research note on Thursday, January 25th. National Bankshares upped their price target on Sun Life Financial from C$71.00 to C$72.00 and gave the company a sector perform rating in a research report on Tuesday, January 23rd. Evercore raised their price objective on shares of Sun Life Financial from C$76.00 to C$78.00 and gave the company an outperform rating in a research report on Tuesday, January 23rd. Finally, Royal Bank of Canada upped their target price on shares of Sun Life Financial from C$76.00 to C$77.00 and gave the stock an outperform rating in a report on Friday. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and an average target price of C$75.91.

View Our Latest Research Report on Sun Life Financial

Sun Life Financial Trading Down 0.6 %

Shares of SLF stock opened at C$71.07 on Friday. The company has a quick ratio of 84,866.00, a current ratio of 1.78 and a debt-to-equity ratio of 78.47. The firm has a market cap of C$41.55 billion, a P/E ratio of 13.51, a PEG ratio of 1.13 and a beta of 0.97. The company has a 50 day moving average of C$68.94 and a 200-day moving average of C$67.40. Sun Life Financial has a 12-month low of C$60.01 and a 12-month high of C$71.64.

Sun Life Financial (TSE:SLFGet Free Report) (NYSE:SLF) last issued its earnings results on Monday, November 13th. The financial services provider reported C$1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of C$1.58 by C$0.01. Sun Life Financial had a return on equity of 13.98% and a net margin of 10.27%. The firm had revenue of C$2.44 billion for the quarter. Sell-side analysts anticipate that Sun Life Financial will post 6.7808349 earnings per share for the current year.

Sun Life Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Investors of record on Wednesday, February 28th will be paid a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 4.39%. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Tuesday, February 27th. Sun Life Financial’s dividend payout ratio (DPR) is presently 59.32%.

Insider Buying and Selling at Sun Life Financial

In other news, Director Kevin Strain sold 15,986 shares of the stock in a transaction on Wednesday, December 13th. The stock was sold at an average price of C$69.69, for a total value of C$1,114,000.40. In other news, Senior Officer Jacques Jr. Goulet sold 124,639 shares of the company’s stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of C$70.07, for a total transaction of C$8,732,956.17. Also, Director Kevin Strain sold 15,986 shares of the stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of C$69.69, for a total transaction of C$1,114,000.40. Insiders own 0.02% of the company’s stock.

About Sun Life Financial

(Get Free Report)

Sun Life Financial Inc, a financial services company, provides savings, retirement, and pension products worldwide. It offers term and permanent life, as well as personal health, dental, critical illness, long-term care, and disability insurance products. The company provides financial advice, asset management, and investments related products.

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Analyst Recommendations for Sun Life Financial (TSE:SLF)

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