Shares of Sagicor Financial Company Ltd. (TSE:SFC – Get Free Report) passed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of C$8.43 and traded as low as C$8.29. Sagicor Financial shares last traded at C$8.40, with a volume of 53,125 shares.
Wall Street Analyst Weigh In
Separately, National Bank Financial set a C$13.00 price target on shares of Sagicor Financial and gave the stock an “outperform” rating in a research note on Monday, October 19th. Two investment analysts have rated the stock with a Buy rating. According to MarketBeat, the company has an average rating of “Buy” and an average target price of C$11.50.
Check Out Our Latest Stock Report on SFC
Sagicor Financial Trading Down 1.4%
The company’s 50 day moving average price is C$8.43 and its two-hundred day moving average price is C$8.88. The stock has a market cap of C$1.14 billion, a P/E ratio of 9.91 and a beta of 0.44.
Insider Transactions at Sagicor Financial
In other news, Director Gilbert Samuel Palter purchased 5,400 shares of the business’s stock in a transaction on Tuesday, September 22nd. The stock was acquired at an average price of C$8.35 per share, for a total transaction of C$45,090.00. Following the acquisition, the director directly owned 566,900 shares of the company’s stock, valued at C$4,733,615. This represents a 0.96% increase in their position. In the last 90 days, insiders have acquired 8,300 shares of company stock valued at $69,455. Insiders own 34.21% of the company’s stock.
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. Michael, Barbados.
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