Sun Life Financial Inc. (SLF) to Distribute Quarterly Dividend of $0.84 on December 31st

Sun Life Financial Inc. (TSE:SLF) (NYSE:SLF) declared a quarterly dividend on Monday, November 4th, RTT News reports. Stockholders of record on Wednesday, November 27th will be paid a dividend of 0.84 per share by the financial services provider on Tuesday, December 31st. This represents a $3.36 annualized dividend and a dividend yield of 4.20%. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.81.

Sun Life Financial Stock Up 3.2 %

SLF stock opened at C$79.94 on Wednesday. The firm’s fifty day simple moving average is C$76.93 and its 200-day simple moving average is C$71.57. The company has a market capitalization of C$46.08 billion, a P/E ratio of 15.14, a price-to-earnings-growth ratio of 1.33 and a beta of 0.94. Sun Life Financial has a 12 month low of C$64.38 and a 12 month high of C$80.82. The company has a debt-to-equity ratio of 53.77, a current ratio of 65.29 and a quick ratio of 84,866.00.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last announced its quarterly earnings results on Monday, August 12th. The financial services provider reported C$1.71 earnings per share for the quarter, beating the consensus estimate of C$1.58 by C$0.13. Sun Life Financial had a return on equity of 13.65% and a net margin of 9.90%. The company had revenue of C$8.92 billion during the quarter, compared to analysts’ expectations of C$9.18 billion. As a group, equities research analysts forecast that Sun Life Financial will post 6.9230769 earnings per share for the current year.

Insider Activity at Sun Life Financial

In other Sun Life Financial news, Director Stephanie Coyles purchased 500 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was bought at an average price of C$70.00 per share, with a total value of C$35,000.00. Following the transaction, the director now directly owns 500 shares of the company’s stock, valued at approximately C$35,000. In related news, Director Stephanie Coyles acquired 500 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was acquired at an average price of C$70.00 per share, for a total transaction of C$35,000.00. Following the purchase, the director now owns 500 shares of the company’s stock, valued at C$35,000. Also, Senior Officer Daniel Fishbein sold 15,999 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of C$71.40, for a total transaction of C$1,142,323.80. Company insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on SLF shares. Evercore reduced their price target on Sun Life Financial from C$76.00 to C$75.00 in a report on Thursday, July 11th. TD Securities increased their target price on Sun Life Financial from C$77.00 to C$81.00 in a research report on Tuesday. National Bankshares boosted their price target on shares of Sun Life Financial from C$72.00 to C$73.00 and gave the stock a “sector perform” rating in a report on Tuesday, August 13th. Cormark boosted their target price on shares of Sun Life Financial from C$82.00 to C$85.00 in a research note on Tuesday. Finally, Jefferies Financial Group raised their price target on shares of Sun Life Financial from C$81.00 to C$89.00 and gave the company a “buy” rating in a research note on Wednesday, October 16th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$81.00.

About Sun Life Financial

Sun Life Financial Inc, a financial services company, provides savings, retirement, and pension products worldwide. The company operates in five segments: Asset Management, Canada, U.S., Asia, and Corporate. It offers various insurance products, such as term and permanent life; personal health, which includes prescription drugs, dental, and vision care; critical illness; long-term care; and disability, as well as reinsurance.