Sun Life Financial (TSE:SLF) Insider Sells C$354,900.00 in Stock

Sun Life Financial Inc. (TSE:SLF) (NYSE:SLF) insider Linda Dougherty sold 3,500 shares of the business’s stock in a transaction dated Monday, May 25th. The shares were sold at an average price of C$101.40, for a total value of C$354,900.00.

Linda Dougherty also recently made the following trade(s):

• On Thursday, May 14th, Linda Dougherty acquired 6,740 shares of Sun Life Financial stock. The stock was purchased at an average cost of C$97.97 per share, with a total value of C$660,317.80.
• On Wednesday, May 13th, Linda Dougherty sold 5,000 shares of Sun Life Financial stock. The shares were sold at an average price of C$97.01, for a total transaction of C$485,050.00.
• On Wednesday, May 13th, Linda Dougherty sold 5,118 shares of Sun Life Financial stock. The stock was sold at an average price of C$96.49, for a total transaction of C$493,835.82.

Sun Life Financial Trading Down 1.2%

Shares of SLF traded down C$1.25 during trading hours on Thursday, reaching C$99.18. The stock had a trading volume of 1,771,779 shares, compared to its average volume of 2,011,661. The firm has a 50-day simple moving average of C$93.71 and a 200 day simple moving average of C$88.68. Sun Life Financial Inc. has a 12 month low of C$77.38 and a 12 month high of C$101.94. The company has a market capitalization of C$54.95 billion, a price-to-earnings ratio of 18.47, a P/E/G ratio of 1.33 and a beta of 0.73.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last released its earnings results on Wednesday, May 6th. The financial services provider reported C$1.89 EPS for the quarter. Sun Life Financial had a return on equity of 12.98% and a net margin of 9.12%.The company had revenue of C$8.73 billion for the quarter. On average, equities analysts forecast that Sun Life Financial Inc. will post 6.9230769 EPS for the current year.

Sun Life Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 30th will be paid a $0.96 dividend. The ex-dividend date of this dividend is Wednesday, May 27th. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.92. This represents a $3.84 dividend on an annualized basis and a yield of 3.9%. Sun Life Financial’s payout ratio is 67.04%.

Wall Street Analysts Forecast Growth

SLF has been the subject of several research reports. Desjardins set a C$101.00 price target on shares of Sun Life Financial and gave the company a “buy” rating in a research report on Friday, April 17th. Barclays increased their target price on shares of Sun Life Financial from C$84.00 to C$85.00 in a report on Wednesday, April 8th. Scotiabank lifted their target price on Sun Life Financial from C$93.00 to C$96.00 and gave the company a “sector perform” rating in a research note on Friday, February 13th. National Bank Financial decreased their target price on shares of Sun Life Financial from C$109.00 to C$108.00 and set an “outperform” rating for the company in a research report on Thursday, May 7th. Finally, TD Securities decreased their target price on Sun Life Financial from C$104.00 to C$102.00 and set a “buy” rating on the stock in a research report on Thursday, February 12th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of C$101.60.

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. Sun Life generates about a third of its profit from asset-management operations.