Sun Life Financial Inc. Declares Quarterly Dividend of $0.81 (TSE:SLF)

Sun Life Financial Inc. (TSE:SLF) (NYSE:SLF) declared a quarterly dividend on Monday, August 12th, RTT News reports. Investors of record on Wednesday, August 28th will be paid a dividend of 0.81 per share by the financial services provider on Friday, September 27th. This represents a $3.24 dividend on an annualized basis and a yield of 4.75%.

Sun Life Financial Price Performance

Shares of Sun Life Financial stock traded up C$2.30 on Tuesday, hitting C$68.24. The company had a trading volume of 344,505 shares, compared to its average volume of 2,028,940. Sun Life Financial has a 52 week low of C$61.84 and a 52 week high of C$74.94. The company has a debt-to-equity ratio of 26.46, a current ratio of 56.69 and a quick ratio of 84,866.00. The company has a market cap of C$39.65 billion, a PE ratio of 12.68, a PEG ratio of 1.25 and a beta of 0.96. The business has a 50-day simple moving average of C$67.27 and a 200-day simple moving average of C$70.01.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. TD Securities lifted their price target on shares of Sun Life Financial from C$71.00 to C$73.00 in a research report on Friday, July 12th. Scotiabank cut their target price on Sun Life Financial from C$76.00 to C$73.00 and set an “outperform” rating on the stock in a research report on Monday, May 13th. National Bankshares decreased their price target on Sun Life Financial from C$73.00 to C$72.00 in a research report on Friday, May 10th. CIBC lifted their price target on Sun Life Financial from C$77.00 to C$80.00 and gave the stock an “outperform” rating in a research note on Tuesday, April 30th. Finally, Jefferies Financial Group reduced their price objective on shares of Sun Life Financial from C$83.00 to C$78.00 in a research note on Thursday, July 18th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$75.60.

Insider Buying and Selling at Sun Life Financial

In other Sun Life Financial news, Director Kevin Strain acquired 12,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 4th. The stock was purchased at an average cost of C$67.48 per share, for a total transaction of C$809,760.00. 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.