Sun Life Financial (TSE:SLF) Sets New 12-Month High at $17.25

Sun Life Financial Inc. (TSE:SLF) (NYSE:SLF)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$17.25 and last traded at C$72.63, with a volume of 458160 shares traded. The stock had previously closed at C$71.75.

Analysts Set New Price Targets

Several equities research analysts recently commented on SLF shares. Royal Bank of Canada boosted their price objective on shares of Sun Life Financial from C$76.00 to C$77.00 and gave the stock an “outperform” rating in a research note on Friday, February 9th. CIBC lifted their price objective on Sun Life Financial from C$77.00 to C$80.00 and gave the company an “outperform” rating in a research note on Tuesday, April 30th. BMO Capital Markets increased their target price on Sun Life Financial from C$70.00 to C$80.00 and gave the stock an “outperform” rating in a research note on Thursday, January 25th. Desjardins lifted their price target on Sun Life Financial from C$75.00 to C$77.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. Finally, National Bankshares increased their price objective on shares of Sun Life Financial from C$72.00 to C$73.00 and gave the company a “sector perform” rating in a research report on Friday, April 26th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of C$77.18.

Sun Life Financial Stock Up 0.4 %

The company has a 50-day moving average price of C$72.32 and a 200 day moving average price of C$69.91. The firm has a market capitalization of C$42.42 billion, a PE ratio of 13.85, a P/E/G ratio of 1.25 and a beta of 0.96. The company has a debt-to-equity ratio of 78.47, a current ratio of 6.81 and a quick ratio of 84,866.00.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last announced its quarterly earnings data on Wednesday, February 7th. The financial services provider reported C$1.68 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$1.59 by C$0.09. Sun Life Financial had a net margin of 10.26% and a return on equity of 13.98%. The business had revenue of C$18.68 billion during the quarter. Analysts forecast that Sun Life Financial Inc. will post 6.9056785 earnings per share for the current year.

Sun Life Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Wednesday, February 28th were given a $0.78 dividend. This is an increase from Sun Life Financial’s previous quarterly dividend of $0.75. This represents a $3.12 dividend on an annualized basis and a dividend yield of 4.28%. The ex-dividend date of this dividend was Tuesday, February 27th. Sun Life Financial’s payout ratio is currently 59.32%.

Insider Activity

In other news, Senior Officer Daniel Fishbein sold 16,000 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of C$74.45, for a total value of C$1,191,120.00. Corporate insiders own 0.03% of the company’s stock.

Sun Life Financial Company Profile

Sun Life Financial Inc, a financial services company, provides savings, retirement, and pension products worldwide. The company operates in five segments: Asset Management, Canada, U.S., Asia, and Corporate. It offers various insurance products, such as term and permanent life; personal health, which includes prescription drugs, dental, and vision care; critical illness; long-term care; and disability, as well as reinsurance.