Sun Life Financial Inc. (TSE:SLF) Director Kevin Strain Sells 85,943 Shares of Stock

Sun Life Financial Inc. (TSE:SLF) (NYSE:SLF) Director Kevin Strain sold 85,943 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of C$84.71, for a total transaction of C$7,280,231.53.

Sun Life Financial Price Performance

Shares of SLF opened at C$84.88 on Friday. The firm has a market capitalization of C$48.93 billion, a PE ratio of 16.08, a P/E/G ratio of 1.33 and a beta of 0.94. The stock’s 50 day moving average is C$78.56 and its two-hundred day moving average is C$72.32. Sun Life Financial Inc. has a twelve month low of C$64.38 and a twelve month high of C$86.39. The company has a current ratio of 65.29, a quick ratio of 84,866.00 and a debt-to-equity ratio of 53.77.

Sun Life Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Tuesday, December 31st will be issued a dividend of $0.84 per share. This represents a $3.36 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date is Wednesday, November 27th. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.81. Sun Life Financial’s dividend payout ratio is currently 61.36%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Royal Bank of Canada increased their price objective on shares of Sun Life Financial from C$78.00 to C$82.00 in a research report on Wednesday, November 6th. Jefferies Financial Group raised their price target on Sun Life Financial from C$90.00 to C$94.00 in a research note on Thursday. Cormark boosted their price objective on shares of Sun Life Financial from C$82.00 to C$85.00 in a research report on Tuesday, November 5th. National Bankshares increased their target price on shares of Sun Life Financial from C$72.00 to C$73.00 and gave the company a “sector perform” rating in a research report on Tuesday, August 13th. Finally, Barclays boosted their price target on shares of Sun Life Financial from C$79.00 to C$82.00 in a research report on Thursday. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of C$84.18.

Sun Life Financial Company Profile

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.