Sagicor Financial (TSE:SFC) Shares Up 0.8% – Still a Buy?

Sagicor Financial Company Ltd. (TSE:SFC)’s share price rose 0.8% during trading on Wednesday . The stock traded as high as C$8.95 and last traded at C$8.95. 39,607 shares traded hands during mid-day trading, a decline of 44% from the average daily volume of 70,569 shares. The stock had previously closed at C$8.88.

Analyst Upgrades and Downgrades

Separately, National Bank Financial set a C$13.00 price objective on shares of Sagicor Financial and gave the company an “outperform” rating in a research note on Friday, April 24th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of C$11.33.

Sagicor Financial Price Performance

The firm has a market capitalization of C$1.22 billion, a PE ratio of 50.85 and a beta of -0.09. The company has a 50-day moving average price of C$8.53 and a 200-day moving average price of C$9.05.

Sagicor Financial (TSE:SFC) last posted its quarterly earnings data on Wednesday, May 13th. The company reported C$0.26 EPS for the quarter. Sagicor Financial had a return on equity of 2.58% and a net margin of 1.16%.The firm had revenue of C$791.91 million during the quarter. On average, research analysts predict that Sagicor Financial Company Ltd. will post 0.9578783 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Alan Kenneth Ryder purchased 20,000 shares of the stock in a transaction dated Tuesday, May 19th. The stock was acquired at an average cost of C$8.55 per share, for a total transaction of C$171,000.00. Following the completion of the acquisition, the director directly owned 100,000 shares in the company, valued at C$855,000. This represents a 25.00% increase in their position. Over the last 90 days, insiders have bought 24,400 shares of company stock worth $206,900. 34.21% of the stock is owned by company insiders.

Sagicor Financial Company Profile

Sagicor Financial Company Ltd. (TSX: SFC) is a leading financial services provider with over 185 years of history in the Caribbean, over 90 years of history in Canada, and over 70 years of history in the United States. Sagicor offers a wide range of products and services, including life, health, and general insurance, banking, pensions, annuities, investment management, and real estate. Sagicor’s registered office is located at Clarendon House, 2 Church Street, Hamilton, HM 11, Bermuda, with its principal office located at Cecil F De Caires Building, Wildey, St.