Sagicor Financial (TSE:SFC) Director Purchases C$16,000.00 in Stock

Sagicor Financial Company Ltd. (TSE:SFC) Director Andre Guy Mousseau acquired 2,000 shares of the stock in a transaction on Wednesday, June 3rd. The shares were purchased at an average price of C$8.00 per share, with a total value of C$16,000.00. Following the completion of the transaction, the director owned 89,000 shares of the company’s stock, valued at approximately C$712,000. This represents a 2.30% increase in their ownership of the stock.

Andre Guy Mousseau also recently made the following trade(s):

• On Wednesday, May 27th, Andre Guy Mousseau acquired 2,000 shares of Sagicor Financial stock. The stock was acquired at an average cost of C$8.30 per share, for a total transaction of C$16,600.00.

Sagicor Financial Trading Up 1.0%

TSE SFC traded up C$0.08 during trading on Monday, hitting C$8.15. 11,954 shares of the company’s stock were exchanged, compared to its average volume of 65,396. The company has a market cap of C$1.11 billion, a PE ratio of 46.31 and a beta of -0.11. Sagicor Financial Company Ltd. has a fifty-two week low of C$7.21 and a fifty-two week high of C$10.53. The stock’s 50 day moving average price is C$9.05 and its two-hundred day moving average price is C$9.18.

Sagicor Financial (TSE:SFC) last posted its quarterly earnings results on Wednesday, May 13th. The company reported C$0.26 earnings per share for the quarter. The company had revenue of C$791.91 million for the quarter. Sagicor Financial had a net margin of 1.16% and a return on equity of 2.58%. Analysts forecast that Sagicor Financial Company Ltd. will post 0.9578783 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, National Bank Financial set a C$13.00 price objective on Sagicor Financial and gave the stock an “outperform” rating in a research note on Friday, April 24th. Three investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of C$11.33.

Sagicor Financial Company Profile

Sagicor Financial Company Ltd. (TSX: SFC) is a leading financial services provider with over 185 years of history in the Caribbean, over 90 years of history in Canada, and over 70 years of history in the United States. Sagicor offers a wide range of products and services, including life, health, and general insurance, banking, pensions, annuities, investment management, and real estate. Sagicor’s registered office is located at Clarendon House, 2 Church Street, Hamilton, HM 11, Bermuda, with its principal office located at Cecil F De Caires Building, Wildey, St.