Sun Life Financial Inc. (TSE:SLF) Plans Quarterly Dividend of $0.81

Sun Life Financial Inc. (TSE:SLF) (NYSE:SLF) announced a quarterly dividend on Thursday, May 9th, RTT News reports. Stockholders of record on Wednesday, May 29th will be given a dividend of 0.81 per share by the financial services provider on Friday, June 28th. This represents a $3.24 annualized dividend and a dividend yield of 4.41%. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.78.

Sun Life Financial Trading Up 0.8 %

SLF stock traded up C$0.60 during midday trading on Thursday, hitting C$73.43. 944,654 shares of the company’s stock were exchanged, compared to its average volume of 1,808,745. Sun Life Financial has a 1-year low of C$61.84 and a 1-year high of C$74.94. The business has a 50-day simple moving average of C$72.31 and a two-hundred day simple moving average of C$69.93. The stock has a market capitalization of C$42.77 billion, a PE ratio of 13.96, a P/E/G ratio of 1.25 and a beta of 0.96. The company has a current ratio of 6.81, a quick ratio of 84,866.00 and a debt-to-equity ratio of 78.47.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last posted its earnings results on Wednesday, February 7th. The financial services provider reported C$1.68 EPS for the quarter, beating analysts’ consensus estimates of C$1.59 by C$0.09. Sun Life Financial had a net margin of 10.26% and a return on equity of 13.98%. The company had revenue of C$18.68 billion for the quarter. On average, sell-side analysts predict that Sun Life Financial will post 6.9056785 EPS for the current fiscal year.

Insider Activity

In other Sun Life Financial news, Senior Officer Daniel Fishbein sold 16,000 shares of the company’s stock in a transaction that occurred on Monday, February 26th. The stock was sold at an average price of C$74.45, for a total value of C$1,191,120.00. Insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on SLF. Royal Bank of Canada raised their target price on Sun Life Financial from C$76.00 to C$77.00 and gave the company an “outperform” rating in a report on Friday, February 9th. BMO Capital Markets boosted their price target on shares of Sun Life Financial from C$70.00 to C$80.00 and gave the company an “outperform” rating in a research report on Thursday, January 25th. Scotiabank boosted their target price on Sun Life Financial from C$75.00 to C$76.00 in a report on Tuesday, February 6th. Jefferies Financial Group raised their price objective on shares of Sun Life Financial from C$82.00 to C$83.00 and gave the stock a “buy” rating in a research report on Wednesday, March 6th. Finally, Evercore lifted their price objective on Sun Life Financial from C$76.00 to C$78.00 and gave the company an “outperform” rating in a report on Tuesday, January 23rd. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$77.18.

Sun Life Financial Company Profile

Sun Life Financial Inc, a financial services company, provides savings, retirement, and pension products worldwide. The company operates in five segments: Asset Management, Canada, U.S., Asia, and Corporate. It offers various insurance products, such as term and permanent life; personal health, which includes prescription drugs, dental, and vision care; critical illness; long-term care; and disability, as well as reinsurance.