Sun Life Financial (TSE:SLF) (NYSE:SLF) has received a consensus rating of “Buy” from the nine research firms that are presently covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a buy recommendation. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is C$58.67.
A number of analysts have commented on SLF shares. CIBC increased their price target on shares of Sun Life Financial from C$55.00 to C$58.00 in a research note on Monday, January 15th. Barclays increased their price target on shares of Sun Life Financial from C$53.00 to C$55.00 in a research note on Thursday, January 11th. TD Securities upgraded shares of Sun Life Financial from a “hold” rating to a “buy” rating and increased their price target for the company from C$54.00 to C$60.00 in a research note on Monday, January 15th. Scotiabank cut their price target on shares of Sun Life Financial from C$63.00 to C$61.00 and set an “outperform” rating for the company in a research note on Friday, February 16th. Finally, Royal Bank of Canada increased their price target on shares of Sun Life Financial from C$56.00 to C$61.00 and gave the company an “outperform” rating in a research note on Friday, February 16th.
Shares of SLF stock opened at C$50.92 on Friday. Sun Life Financial has a one year low of C$43.51 and a one year high of C$55.80.
The business also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Stockholders of record on Thursday, March 1st were paid a dividend of $0.455 per share. This represents a $1.82 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date of this dividend was Wednesday, February 28th. This is a boost from Sun Life Financial’s previous quarterly dividend of $0.02.
In other news, insider Kevin Strain sold 12,511 shares of the firm’s stock in a transaction dated Friday, February 23rd. The shares were sold at an average price of C$53.84, for a total transaction of C$673,592.24. Also, insider Carolyn Diane Blair sold 3,890 shares of the firm’s stock in a transaction dated Wednesday, March 7th. The stock was sold at an average price of C$54.09, for a total transaction of C$210,410.10.
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Sun Life Financial Company Profile
Sun Life Financial Inc, a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients, high-net-worth individuals, and families. It operates through Sun Life Financial Canada, Sun Life Financial United States, Sun Life Financial Asset Management, Sun Life Financial Asia, and Corporate segments.
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