Sun Life Financial Inc (SLF) Sets New 1-Year High at $17.70

Sun Life Financial Inc (TSE:SLF) (NYSE:SLF)’s share price hit a new 52-week high on Thursday . The stock traded as high as C$17.70 and last traded at C$17.70, with a volume of 640,132 shares changing hands. The stock had previously closed at C$49.71.

SLF has been the subject of several analyst reports. Barclays PLC lifted their price objective on Sun Life Financial from C$52.00 to C$53.00 in a report on Wednesday, July 12th. National Bank Financial boosted their price target on Sun Life Financial from C$52.00 to C$53.00 and gave the stock an “outperform” rating in a report on Thursday, August 10th. Royal Bank Of Canada boosted their price target on Sun Life Financial from C$51.00 to C$53.00 and gave the stock an “outperform” rating in a report on Friday, August 11th. Finally, Scotiabank boosted their price target on Sun Life Financial from C$52.00 to C$53.00 and gave the stock a “sector perform” rating in a report on Friday, August 11th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of C$53.08.

The firm has a 50 day moving average price of $48.31 and a 200 day moving average price of $47.28. The stock has a market cap of $30.32 billion and a price-to-earnings ratio of 11.76.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Wednesday, August 30th were paid a dividend of $0.435 per share. The ex-dividend date was Monday, August 28th. This represents a $1.74 dividend on an annualized basis and a dividend yield of 3.50%.

In other news, insider Kevin Strain sold 34,298 shares of the firm’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of C$49.15, for a total transaction of C$1,685,746.70.

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About Sun Life Financial

Sun Life Financial Inc is the holding company of Sun Life Assurance Company of Canada. The Company is a financial services company providing a range of insurance, wealth and asset management solutions to individuals and corporate Clients. It operates through five segments. The Sun Life Financial Canada segment provides retail insurance and investment advice, products and services to people across Canada.

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