Sagicor Financial (TSE:SFC) Director Alan Kenneth Ryder Purchases 20,000 Shares

Sagicor Financial Company Ltd. (TSE:SFC) Director Alan Kenneth Ryder bought 20,000 shares of Sagicor Financial stock in a transaction dated Tuesday, May 19th. The shares were acquired at an average price of C$8.55 per share, with a total value of C$171,000.00. Following the completion of the purchase, the director directly owned 100,000 shares in the company, valued at C$855,000. This trade represents a 25.00% increase in their position.

Sagicor Financial Price Performance

Shares of TSE SFC remained flat at C$8.46 during midday trading on Thursday. The stock had a trading volume of 62,712 shares, compared to its average volume of 66,526. The company has a market capitalization of C$1.15 billion, a price-to-earnings ratio of 48.07 and a beta of -0.03. The business has a 50 day moving average of C$9.42 and a 200 day moving average of C$9.16. Sagicor Financial Company Ltd. has a one year low of C$7.21 and a one year high of C$10.53.

Sagicor Financial (TSE:SFC) last released its quarterly earnings results on Wednesday, May 13th. The company reported C$0.26 earnings per share for the quarter. The business had revenue of C$791.91 million during the quarter. Sagicor Financial had a return on equity of 2.58% and a net margin of 1.16%. As a group, equities analysts forecast that Sagicor Financial Company Ltd. will post 0.9578783 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, National Bank Financial set a C$13.00 price target on Sagicor Financial and gave the stock an “outperform” rating in a report on Friday, April 24th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of C$11.33.

About Sagicor Financial

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.