Insider Buying: Sagicor Financial Company Ltd. (TSE:SFC) Director Buys 1,800 Shares of Stock

Sagicor Financial Company Ltd. (TSE:SFC) Director Alan Kenneth Ryder acquired 1,800 shares of Sagicor Financial stock in a transaction dated Wednesday, September 11th. The shares were bought at an average cost of C$5.81 per share, for a total transaction of C$10,458.00.

Sagicor Financial Trading Down 1.4 %

Shares of Sagicor Financial stock traded down C$0.08 during trading on Monday, reaching C$5.73. 9,904 shares of the stock were exchanged, compared to its average volume of 8,255. The stock’s fifty day moving average is C$6.07. The firm has a market cap of C$808.33 million, a price-to-earnings ratio of 1.32 and a beta of 0.21. Sagicor Financial Company Ltd. has a 1 year low of C$4.66 and a 1 year high of C$7.41.

Sagicor Financial Announces Dividend

The company 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 dividend of $0.083 per share. The ex-dividend date of this dividend is Tuesday, August 27th. This represents a $0.33 dividend on an annualized basis and a dividend yield of 5.79%. Sagicor Financial’s dividend payout ratio is currently 7.36%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on SFC shares. Scotiabank reduced their price objective on Sagicor Financial from C$10.00 to C$9.00 and set an “outperform” rating on the stock in a research note on Friday, August 16th. Royal Bank of Canada reduced their price objective on Sagicor Financial from C$9.00 to C$8.50 and set an “outperform” rating on the stock in a research note on Tuesday, August 20th.

Sagicor Financial Company Profile

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.