Sagicor Financial (TSE:SFC) Director Andre Guy Mousseau Acquires 2,000 Shares

Sagicor Financial Company Ltd. (TSE:SFC) Director Andre Guy Mousseau purchased 2,000 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was acquired at an average cost of C$8.30 per share, with a total value of C$16,600.00. Following the completion of the acquisition, the director directly owned 87,000 shares of the company’s stock, valued at C$722,100. This represents a 2.35% increase in their ownership of the stock.

Sagicor Financial Stock Up 0.5%

SFC traded up C$0.04 on Thursday, reaching C$8.29. The company’s stock had a trading volume of 22,895 shares, compared to its average volume of 65,023. The stock has a 50 day moving average of C$9.24 and a two-hundred day moving average of C$9.18. The company has a market capitalization of C$1.13 billion, a price-to-earnings ratio of 47.10 and a beta of -0.03. Sagicor Financial Company Ltd. has a fifty-two week low of C$7.21 and a fifty-two week high of C$10.53.

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

Analysts Set New Price Targets

Separately, National Bank Financial set a C$13.00 price target on shares of Sagicor Financial and gave the company an “outperform” rating in a research 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 an average rating of “Buy” and a consensus price target 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.