Sagicor Financial (TSE:SFC) Hits New 52-Week High – What’s Next?

Shares of Sagicor Financial Company Ltd. (TSE:SFC) reached a new 52-week high on Wednesday . The company traded as high as C$9.50 and last traded at C$9.43, with a volume of 33077 shares. The stock had previously closed at C$9.37.

Analyst Upgrades and Downgrades

Separately, National Bankshares set a C$11.00 price objective on Sagicor Financial and gave the stock an “outperform” rating in a report on Monday, October 20th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Sagicor Financial currently has an average rating of “Buy” and a consensus price target of C$10.50.

Sagicor Financial Stock Performance

The company has a market cap of C$1.28 billion, a P/E ratio of 9.94 and a beta of -0.01. The stock has a 50 day moving average price of C$8.35 and a 200 day moving average price of C$8.25.

Sagicor Financial (TSE:SFC) last released its earnings results on Thursday, November 13th. The company reported C$0.26 earnings per share (EPS) for the quarter. Sagicor Financial had a return on equity of 56.05% and a net margin of 22.28%.The firm had revenue of C$506.28 million for the quarter. As a group, equities research 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.