TD Securities Issues Positive Forecast for Sun Life Financial (TSE:SLF) Stock Price

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price target boosted by TD Securities from C$81.00 to C$87.00 in a report released on Thursday,BayStreet.CA reports. The firm currently has a hold rating on the financial services provider’s stock.

Several other research firms also recently weighed in on SLF. Scotiabank boosted their price target on shares of Sun Life Financial from C$73.00 to C$85.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Barclays boosted their price objective on Sun Life Financial from C$76.00 to C$79.00 in a research report on Tuesday, November 5th. National Bankshares increased their price objective on Sun Life Financial from C$72.00 to C$73.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 13th. Jefferies Financial Group upped their price target on shares of Sun Life Financial from C$81.00 to C$89.00 and gave the company a “buy” rating in a report on Wednesday, October 16th. Finally, Royal Bank of Canada boosted their price objective on shares of Sun Life Financial from C$78.00 to C$82.00 in a research report on Wednesday, November 6th. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, Sun Life Financial currently has a consensus rating of “Moderate Buy” and an average target price of C$84.18.

Sun Life Financial Price Performance

SLF stock traded down C$1.17 during midday trading on Thursday, reaching C$84.78. The company had a trading volume of 184,864 shares, compared to its average volume of 2,008,130. Sun Life Financial has a 1 year low of C$64.38 and a 1 year high of C$86.39. The company has a debt-to-equity ratio of 53.77, a current ratio of 65.29 and a quick ratio of 84,866.00. The company has a market capitalization of C$48.87 billion, a P/E ratio of 16.24, a P/E/G ratio of 1.33 and a beta of 0.94. The firm has a 50-day moving average price of C$78.34 and a 200-day moving average price of C$72.22.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last issued its quarterly earnings results on Monday, August 12th. The financial services provider reported C$1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of C$1.58 by C$0.13. The firm had revenue of C$8.92 billion during the quarter, compared to analyst estimates of C$9.18 billion. Sun Life Financial had a return on equity of 13.65% and a net margin of 9.90%. On average, research analysts anticipate that Sun Life Financial will post 6.9230769 earnings per share for the current fiscal year.

Sun Life Financial Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Wednesday, November 27th will be paid a $0.84 dividend. This represents a $3.36 annualized dividend and a yield of 3.96%. This is a boost from Sun Life Financial’s previous quarterly dividend of $0.81. The ex-dividend date is Wednesday, November 27th. Sun Life Financial’s dividend payout ratio is presently 61.36%.

Insider Buying and Selling at Sun Life Financial

In related news, Senior Officer Linda Dougherty sold 2,000 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of C$75.30, for a total value of C$150,590.00. 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.