Sun Life Financial (TSE:SLF – Get Rating) (NYSE:SLF) had its price target reduced by National Bankshares from C$77.00 to C$76.00 in a research note issued to investors on Wednesday morning, BayStreet.CA reports.
A number of other analysts have also commented on SLF. TD Securities lowered Sun Life Financial from a buy rating to a hold rating and cut their price target for the company from C$81.00 to C$78.00 in a report on Thursday, February 10th. Zacks Investment Research reissued a hold rating on shares of Sun Life Financial in a research report on Thursday, March 17th. BMO Capital Markets lowered their price target on Sun Life Financial from C$81.00 to C$80.00 in a research report on Friday, February 11th. National Bank Financial lowered their price target on Sun Life Financial to C$77.00 and set a sector perform rating on the stock in a research report on Thursday, February 10th. Finally, Veritas Investment Research reissued a reduce rating on shares of Sun Life Financial in a research report on Wednesday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of Hold and an average price target of C$72.17.
TSE SLF opened at C$66.62 on Wednesday. The stock has a fifty day moving average of C$68.47 and a 200-day moving average of C$69.64. The stock has a market capitalization of C$39.04 billion and a P/E ratio of 9.97. Sun Life Financial has a 52 week low of C$62.00 and a 52 week high of C$74.22. The company has a debt-to-equity ratio of 53.27, a quick ratio of 11.27 and a current ratio of 11.91.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Shareholders of record on Wednesday, March 2nd were paid a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date was Tuesday, March 1st. This is a positive change from Sun Life Financial’s previous quarterly dividend of $0.55. Sun Life Financial’s dividend payout ratio (DPR) is 34.55%.
Sun Life Financial Company Profile (Get Rating)
Sun Life Financial Inc, a financial services company, provides insurance, wealth, and asset management solutions to individuals and corporate clients worldwide. It offers term and permanent life, as well as personal health, dental, critical illness, long-term care, and disability insurance products. The company also provides reinsurance products; investment counselling and portfolio management services; mutual funds and segregated funds; trust and banking services; real estate property brokerage and appraisal services; and merchant banking services.
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