Shares of Sun Life Financial Inc. (TSE:SLF – Get Rating) (NYSE:SLF) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$67.51 and traded as low as C$58.23. Sun Life Financial shares last traded at C$58.87, with a volume of 1,313,469 shares.
A number of research analysts have recently commented on SLF shares. Scotiabank lowered their price objective on Sun Life Financial from C$76.00 to C$71.00 in a report on Monday, May 2nd. Canaccord Genuity Group reduced their price objective on Sun Life Financial from C$75.50 to C$67.00 in a research report on Friday, May 13th. National Bankshares dropped their target price on Sun Life Financial from C$72.00 to C$68.00 and set a “sector perform” rating for the company in a report on Wednesday, June 1st. Barclays assumed coverage on Sun Life Financial in a report on Thursday, June 9th. They issued an “outperform” rating and a C$71.00 target price for the company. Finally, BMO Capital Markets dropped their price target on Sun Life Financial from C$75.00 to C$72.00 in a report on Wednesday, June 1st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Sun Life Financial currently has an average rating of “Hold” and an average price target of C$68.79.
The company has a quick ratio of 15,084.33, a current ratio of 15,951.83 and a debt-to-equity ratio of 23.97. The firm has a market capitalization of C$34.50 billion and a P/E ratio of 8.99. The firm has a 50 day moving average of C$63.49 and a 200-day moving average of C$67.51.
Sun Life Financial (TSE:SLF – Get Rating) (NYSE:SLF) last released its earnings results on Wednesday, May 11th. The financial services provider reported C$1.44 earnings per share for the quarter, topping the consensus estimate of C$1.40 by C$0.04. The business had revenue of C$380.00 million for the quarter. As a group, research analysts expect that Sun Life Financial Inc. will post 6.775024 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 30th. Investors of record on Wednesday, June 1st will be issued a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 4.69%. This is an increase from Sun Life Financial’s previous quarterly dividend of $0.66. The ex-dividend date is Tuesday, May 31st. Sun Life Financial’s dividend payout ratio is presently 36.94%.
Sun Life Financial Company Profile (TSE:SLF)
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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