Sagicor Financial (TSE:SFC) PT Lowered to C$9.00 at Scotiabank

Sagicor Financial (TSE:SFC) had its target price cut by Scotiabank from C$10.00 to C$9.00 in a research note issued to investors on Friday morning, BayStreet.CA reports. They currently have an outperform rating on the stock.

Sagicor Financial Trading Down 9.7 %

TSE:SFC opened at C$5.70 on Friday. Sagicor Financial has a 1 year low of C$4.25 and a 1 year high of C$7.41. The firm has a market cap of C$804.10 million, a PE ratio of 1.29 and a beta of 0.21. The business’s 50-day simple moving average is C$6.27.

Sagicor Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Stockholders of record on Tuesday, August 27th will be issued a $0.083 dividend. This represents a $0.33 annualized dividend and a dividend yield of 5.82%. The ex-dividend date is Tuesday, August 27th. Sagicor Financial’s payout ratio is 7.47%.

Insider Buying and Selling

In other news, Director Gilbert Samuel Palter acquired 7,200 shares of the company’s stock in a transaction on Tuesday, June 18th. The shares were bought at an average price of C$6.50 per share, with a total value of C$46,800.00. 33.94% of the stock is owned by company insiders.

About Sagicor Financial

Sagicor Financial Company Ltd., together with its subsidiaries, provides insurance products and related financial services in Jamaica, Barbados, Trinidad, Tobago, other Caribbean region, and the United States. It operates through three segments: Sagicor Jamaica, Sagicor Life, and Sagicor Life USA. The company offers life and health insurance products; employee benefits, including group health and group life benefits; and annuities, asset management, and property and casualty insurance.