Insider Selling: Sun Life Financial Inc. (TSE:SLF) Senior Officer Sells 44,199 Shares of Stock

Sun Life Financial Inc. (TSE:SLF) (NYSE:SLF) Senior Officer Jacques Jr. Goulet sold 44,199 shares of the firm’s stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of C$88.17, for a total transaction of C$3,897,025.83.

Jacques Jr. Goulet also recently made the following trade(s):

• On Tuesday, May 13th, Jacques Jr. Goulet sold 26,812 shares of Sun Life Financial stock. The stock was sold at an average price of C$87.21, for a total transaction of C$2,338,274.52.

Sun Life Financial Price Performance

Shares of SLF opened at C$88.54 on Wednesday. The company has a market cap of C$50.57 billion, a price-to-earnings ratio of 13.35, a price-to-earnings-growth ratio of 1.33 and a beta of 0.94. Sun Life Financial Inc. has a twelve month low of C$64.38 and a twelve month high of C$89.73. The company has a quick ratio of 84,866.00, a current ratio of 92.19 and a debt-to-equity ratio of 26.00. The company has a 50 day moving average of C$83.59 and a two-hundred day moving average of C$83.25.

Sun Life Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 30th will be paid a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 3.98%. This is an increase from Sun Life Financial’s previous quarterly dividend of $0.84. The ex-dividend date of this dividend is Wednesday, May 28th. Sun Life Financial’s dividend payout ratio (DPR) is 48.87%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on SLF shares. CIBC reduced their target price on shares of Sun Life Financial from C$94.00 to C$89.00 and set an “outperform” rating on the stock in a research report on Thursday, May 1st. National Bankshares dropped their price objective on shares of Sun Life Financial from C$95.00 to C$93.00 and set an “outperform” rating on the stock in a research note on Thursday, February 13th. TD Securities increased their price objective on shares of Sun Life Financial from C$83.00 to C$86.00 and gave the company a “hold” rating in a research note on Friday, May 9th. Jefferies Financial Group dropped their price objective on shares of Sun Life Financial from C$96.00 to C$90.00 in a research note on Monday, April 21st. Finally, Cormark upgraded shares of Sun Life Financial from a “hold” rating to a “moderate buy” rating in a research note on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of C$86.89.

Sun Life Financial Company Profile

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.