Insider Buying: Sagicor Financial (TSE:SFC) Director Purchases C$16,600.00 in Stock

Sagicor Financial Company Ltd. (TSE:SFC) Director Andre Guy Mousseau purchased 2,000 shares of the business’s stock in a transaction on Wednesday, May 27th. The stock was acquired at an average price of C$8.30 per share, with a total value of C$16,600.00. Following the completion of the acquisition, the director directly owned 87,000 shares in the company, valued at C$722,100. The trade was a 2.35% increase in their position.

Sagicor Financial Stock Performance

Shares of SFC opened at C$8.27 on Friday. The stock has a fifty day moving average of C$9.21 and a two-hundred day moving average of C$9.17. The company has a market capitalization of C$1.13 billion, a PE ratio of 46.99 and a beta of -0.03. Sagicor Financial Company Ltd. has a fifty-two week low of C$7.21 and a fifty-two week high of C$10.53.

Sagicor Financial (TSE:SFC) last issued 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 during the quarter. Sagicor Financial had a return on equity of 2.58% and a net margin of 1.16%. As a group, equities research 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 report on Friday, April 24th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Sagicor Financial currently has an average rating of “Buy” and an average price target of C$11.33.

About Sagicor Financial

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.