National Bank Financial Raises Sun Life Financial (TSE:SLF) Price Target to C$125.00

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price objective increased by National Bank Financial from C$108.00 to C$125.00 in a report issued on Thursday,BayStreet.CA reports. The brokerage presently has an “outperform” rating on the financial services provider’s stock. National Bank Financial’s price target would indicate a potential upside of 9.38% from the company’s current price.

A number of other equities research analysts have also weighed in on SLF. BMO Capital Markets lifted their target price on Sun Life Financial from C$99.00 to C$105.00 in a research report on Friday, May 8th. Desjardins set a C$101.00 price objective on Sun Life Financial and gave the company a “buy” rating in a report on Friday, April 17th. Scotiabank upped their price objective on shares of Sun Life Financial from C$98.00 to C$111.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 15th. Jefferies Financial Group raised their target price on shares of Sun Life Financial from C$115.00 to C$131.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, TD boosted their price target on shares of Sun Life Financial from C$107.00 to C$121.00 and gave the company a “buy” rating in a report on Tuesday. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of C$109.36.

Sun Life Financial Trading Down 0.4%

SLF traded down C$0.42 on Thursday, reaching C$114.28. 457,510 shares of the company traded hands, compared to its average volume of 1,907,750. Sun Life Financial has a one year low of C$77.38 and a one year high of C$115.45. The firm has a fifty day simple moving average of C$107.12 and a two-hundred day simple moving average of C$95.92. The company has a market cap of C$63.35 billion, a P/E ratio of 21.28, a price-to-earnings-growth ratio of 1.33 and a beta of 0.79. The company has a quick ratio of 84,866.00, a current ratio of 6.03 and a debt-to-equity ratio of 32.51.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last issued its earnings results on Wednesday, May 6th. The financial services provider reported C$1.89 EPS for the quarter. Sun Life Financial had a net margin of 9.12% and a return on equity of 12.89%. The business had revenue of C$8.73 billion for the quarter. As a group, equities research analysts expect that Sun Life Financial will post 6.9230769 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Helena Janina Pagano sold 17,283 shares of the stock in a transaction that occurred on Monday, May 25th. The shares were sold at an average price of C$101.32, for a total transaction of C$1,751,113.56. Following the completion of the sale, the insider owned 228 shares of the company’s stock, valued at C$23,100.96. This represents a 98.70% decrease in their ownership of the stock. Also, insider Manjit Singh sold 188,312 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of C$103.20, for a total transaction of C$19,433,798.40. Following the completion of the sale, the insider owned 547 shares of the company’s stock, valued at approximately C$56,450.40. This trade represents a 99.71% decrease in their ownership of the stock. In the last ninety days, insiders sold 380,998 shares of company stock worth $38,271,605. Insiders own 0.03% of the company’s stock.

About Sun Life Financial

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.