Jacques Jr. Goulet Sells 36,805 Shares of Sun Life Financial (TSE:SLF) Stock

Sun Life Financial Inc. (TSE:SLF) (NYSE:SLF) insider Jacques Jr. Goulet sold 36,805 shares of Sun Life Financial stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of C$111.24, for a total transaction of C$4,094,188.20. Following the completion of the transaction, the insider owned 1,063 shares of the company’s stock, valued at C$118,248.12. This represents a 97.19% decrease in their position.

Sun Life Financial Stock Up 0.7%

Sun Life Financial stock traded up C$0.80 during midday trading on Friday, reaching C$112.09. The company’s stock had a trading volume of 1,405,677 shares, compared to its average volume of 1,986,889. The business has a 50-day simple moving average of C$112.80 and a 200-day simple moving average of C$101.49. The company has a market cap of C$62.40 billion, a P/E ratio of 19.00, a P/E/G ratio of 1.33 and a beta of 0.70. Sun Life Financial Inc. has a fifty-two week low of C$79.36 and a fifty-two week high of C$118.99. The company has a quick ratio of 84,866.00, a current ratio of 27.38 and a debt-to-equity ratio of 34.34.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last released its quarterly earnings results on Thursday, August 6th. The financial services provider reported C$2.02 earnings per share for the quarter. The business had revenue of C$9.05 billion for the quarter. Sun Life Financial had a return on equity of 13.89% and a net margin of 8.81%. On average, research analysts expect that Sun Life Financial Inc. will post 6.9230769 earnings per share for the current fiscal year.

Sun Life Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 29th will be issued a $0.96 dividend. The ex-dividend date is Wednesday, August 26th. This represents a $3.84 annualized dividend and a yield of 3.4%. Sun Life Financial’s dividend payout ratio (DPR) is presently 62.37%.

Analyst Ratings Changes

A number of research firms have recently issued reports on SLF. Canadian Imperial Bank of Commerce increased their price target on shares of Sun Life Financial from C$102.00 to C$116.00 in a research report on Wednesday, July 15th. Scotia raised their price objective on Sun Life Financial from C$110.00 to C$118.00 and gave the company a “sector perform” rating in a research note on Monday, August 10th. Royal Bank Of Canada lifted their target price on shares of Sun Life Financial from C$98.00 to C$119.00 and gave the stock a “sector perform” rating in a report on Monday, August 10th. Jefferies Financial Group upped their price target on Sun Life Financial from C$131.00 to C$141.00 in a report on Monday, August 10th. Finally, TD lifted their target price on Sun Life Financial from C$121.00 to C$124.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Six investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Sun Life Financial presently has an average rating of “Hold” and a consensus price target of C$116.00.

About Sun Life Financial

Sun Life Financial is one of Canada’s Big Three life insurance companies along with Great-West Lifeco and Manulife. Sun Life provides insurance, retirement, and wealth-management services to individual and corporate customers in Canada, the United States, and Asia. It also owns MFS Investment Management, a Boston-based asset-management firm. Sun Life generates about a third of its profit from asset-management operations.