Media headlines about Sun Life Financial (NYSE:SLF) (TSE:SLF) have trended somewhat positive on Thursday, according to Accern Sentiment Analysis. The research firm rates the sentiment of news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Sun Life Financial earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave news stories about the financial services provider an impact score of 45.299658282764 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Several equities analysts have commented on the stock. BMO Capital Markets reiterated a “hold” rating and issued a $52.00 price objective on shares of Sun Life Financial in a report on Friday, November 24th. Zacks Investment Research upgraded shares of Sun Life Financial from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a report on Wednesday, January 10th. Morgan Stanley upped their price objective on shares of Sun Life Financial from $52.00 to $53.00 and gave the company an “equal weight” rating in a report on Thursday, October 5th. Finally, TD Securities upgraded shares of Sun Life Financial from a “hold” rating to a “buy” rating in a report on Monday. Five equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Sun Life Financial presently has an average rating of “Buy” and an average price target of $50.80.
Sun Life Financial (SLF) traded down $0.20 during mid-day trading on Thursday, hitting $43.65. 516,528 shares of the company traded hands, compared to its average volume of 537,642. The company has a debt-to-equity ratio of 0.21, a current ratio of 4.42 and a quick ratio of 4.42. Sun Life Financial has a fifty-two week low of $32.22 and a fifty-two week high of $44.20. The firm has a market capitalization of $26,720.00, a P/E ratio of 12.54, a PEG ratio of 1.79 and a beta of 0.93.
The company also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Wednesday, November 29th were given a dividend of $0.3565 per share. This is a boost from Sun Life Financial’s previous quarterly dividend of $0.34. The ex-dividend date was Tuesday, November 28th. This represents a $1.43 annualized dividend and a yield of 3.27%. Sun Life Financial’s dividend payout ratio is currently 41.67%.
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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