Sagicor Financial (TSE:SFC) Hits New 1-Year High – Should You Buy?

Sagicor Financial Company Ltd. (TSE:SFC) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as C$9.65 and last traded at C$9.60, with a volume of 46924 shares traded. The stock had previously closed at C$9.50.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SFC. National Bankshares set a C$11.00 price objective on shares of Sagicor Financial and gave the stock an “outperform” rating in a research note on Monday, October 20th. Royal Bank Of Canada set a C$10.00 price target on shares of Sagicor Financial and gave the stock an “outperform” rating in a research report on Monday, January 19th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Sagicor Financial has a consensus rating of “Buy” and a consensus price target of C$10.75.

Sagicor Financial Stock Performance

The business’s fifty day moving average price is C$8.98 and its two-hundred day moving average price is C$8.40. The firm has a market capitalization of C$1.30 billion, a P/E ratio of 10.12 and a beta of -0.13.

Sagicor Financial (TSE:SFC) last posted its earnings results on Thursday, November 13th. The company reported C$0.26 EPS for the quarter. Sagicor Financial had a net margin of 22.28% and a return on equity of 56.05%. The company had revenue of C$506.28 million during the quarter. Sell-side analysts predict that Sagicor Financial Company Ltd. will post 0.9578783 earnings per share for the current year.

About Sagicor Financial

Sagicor Financial Company Ltd. is a leading financial services provider with over 180 years of history in the Caribbean, over 90 years of history in Canada, and a growing presence in the United States with over 70 years of history. Sagicor offers a wide range of products and services, including life, health, and general insurance, banking, pensions, annuities, investment management, and real estate. Sagicor operates through the following four segments: Sagicor Canada, Sagicor Life USA, Sagicor Jamaica, and Sagicor Life.