Sun Life Financial (TSE:SLF) PT Lowered to C$72.00

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price objective reduced by TD Securities from C$73.00 to C$72.00 in a report released on Tuesday morning, BayStreet.CA reports. They currently have a hold rating on the financial services provider’s stock.

Several other equities research analysts have also recently weighed in on SLF. Evercore cut their target price on Sun Life Financial from C$76.00 to C$75.00 in a research note on Thursday, July 11th. Jefferies Financial Group cut their price target on shares of Sun Life Financial from C$83.00 to C$78.00 in a report on Thursday, July 18th. Scotiabank cut their price target on shares of Sun Life Financial from C$76.00 to C$73.00 and set an outperform rating on the stock in a research report on Monday, May 13th. BMO Capital Markets reduced their target price on Sun Life Financial from C$80.00 to C$79.00 and set an outperform rating for the company in a research note on Monday, May 13th. Finally, CIBC upped their target price on shares of Sun Life Financial from C$77.00 to C$80.00 and gave the stock an outperform rating in a report on Tuesday, April 30th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average price target of C$76.10.

Sun Life Financial Stock Performance

TSE:SLF opened at C$70.82 on Tuesday. Sun Life Financial has a fifty-two week low of C$61.84 and a fifty-two week high of C$74.94. The stock has a fifty day moving average price of C$67.41 and a 200-day moving average price of C$70.02. The company has a debt-to-equity ratio of 26.46, a quick ratio of 84,866.00 and a current ratio of 56.69. The company has a market cap of C$41.15 billion, a price-to-earnings ratio of 13.62, a PEG ratio of 1.25 and a beta of 0.96.

Sun Life Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Wednesday, August 28th will be given a dividend of $0.81 per share. This represents a $3.24 dividend on an annualized basis and a dividend yield of 4.57%. The ex-dividend date of this dividend is Wednesday, August 28th. Sun Life Financial’s dividend payout ratio is currently 62.31%.

Insider Buying and Selling at Sun Life Financial

In other Sun Life Financial news, Director Kevin Strain purchased 12,000 shares of the stock in a transaction dated Tuesday, June 4th. The shares were bought at an average price of C$67.48 per share, with a total value of C$809,760.00. Corporate insiders own 0.03% of the company’s stock.

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.