Sun Life Financial Inc. (TSE:SLF) to Issue $0.84 Quarterly Dividend

Sun Life Financial Inc. (TSE:SLF) (NYSE:SLF) announced a quarterly dividend on Wednesday, February 12th,RTT News reports. Investors of record on Wednesday, February 26th will be given a dividend of 0.84 per share by the financial services provider on Monday, March 31st. This represents a $3.36 annualized dividend and a yield of 3.97%.

Sun Life Financial Stock Performance

Shares of Sun Life Financial stock opened at C$84.63 on Thursday. The firm has a market capitalization of C$48.79 billion, a P/E ratio of 16.03, a P/E/G ratio of 1.33 and a beta of 0.94. The company has a quick ratio of 84,866.00, a current ratio of 65.29 and a debt-to-equity ratio of 53.77. Sun Life Financial has a 52 week low of C$64.38 and a 52 week high of C$88.54. The firm’s 50 day moving average is C$84.72 and its two-hundred day moving average is C$79.44.

Insider Buying and Selling at Sun Life Financial

In other Sun Life Financial news, Senior Officer Linda Dougherty acquired 5,800 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was acquired at an average cost of C$84.83 per share, with a total value of C$492,014.00. Also, Director Kevin Strain sold 85,943 shares of Sun Life Financial stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of C$84.71, for a total value of C$7,280,231.53. 0.03% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

SLF has been the subject of a number of research reports. National Bank Financial raised shares of Sun Life Financial from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, January 14th. Jefferies Financial Group boosted their target price on Sun Life Financial from C$90.00 to C$94.00 in a report on Thursday, November 14th. Barclays raised their price target on Sun Life Financial from C$82.00 to C$87.00 in a research note on Monday, January 6th. Scotiabank lifted their price target on Sun Life Financial from C$85.00 to C$96.00 in a research report on Thursday, November 14th. Finally, Cormark increased their price objective on Sun Life Financial from C$82.00 to C$85.00 in a report on Tuesday, November 5th. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Sun Life Financial has an average rating of “Moderate Buy” and a consensus price target of C$87.70.

Sun Life Financial Company Profile

Sun Life Financial is one of Canada’s Big Three life insurance companies along with Great-West Lifeco and Manulife. Sun Life provides insurance, retirement, and wealth-management services to individual and corporate customers in Canada, the United States, and Asia. It also owns MFS Investment Management, a Boston-based asset-management firm.