Sun Life Financial (TSE:SLF) Stock Price Crosses Above 200-Day Moving Average – Here’s What Happened
by Danessa Lincoln · The Markets DailySun Life Financial Inc. (TSE:SLF – Get Free Report) (NYSE:SLF) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$85.66 and traded as high as C$88.33. Sun Life Financial shares last traded at C$87.34, with a volume of 2,430,568 shares changing hands.
Analyst Ratings Changes
SLF has been the topic of several research reports. Scotiabank lifted their target price on Sun Life Financial from C$93.00 to C$96.00 and gave the stock a “sector perform” rating in a report on Friday, February 13th. Barclays cut their price target on Sun Life Financial from C$84.00 to C$83.00 in a report on Friday, January 9th. BMO Capital Markets lifted their price objective on Sun Life Financial from C$95.00 to C$100.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. Canadian Imperial Bank of Commerce upped their price objective on Sun Life Financial from C$93.00 to C$95.00 and gave the stock a “neutral” rating in a report on Thursday, January 8th. Finally, Jefferies Financial Group increased their target price on Sun Life Financial from C$97.00 to C$103.00 in a research report on Friday, February 13th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of C$96.44.
Get Our Latest Report on Sun Life Financial
Sun Life Financial Stock Performance
The company has a market cap of C$49.02 billion, a PE ratio of 14.39, a price-to-earnings-growth ratio of 1.33 and a beta of 0.76. The company has a debt-to-equity ratio of 74.49, a current ratio of 2.78 and a quick ratio of 84,866.00. The company has a 50-day moving average of C$88.08 and a 200 day moving average of C$85.68.
Sun Life Financial (TSE:SLF – Get Free Report) (NYSE:SLF) last issued its quarterly earnings data on Wednesday, February 11th. The financial services provider reported C$1.96 earnings per share (EPS) for the quarter. The business had revenue of C$8.67 billion for the quarter. Sun Life Financial had a return on equity of 14.68% and a net margin of 9.74%. Analysts predict that Sun Life Financial Inc. will post 6.9230769 earnings per share for the current year.
Sun Life Financial Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 31st were given a dividend of $0.92 per share. The ex-dividend date was Wednesday, February 25th. This represents a $3.68 dividend on an annualized basis and a yield of 4.2%. Sun Life Financial’s payout ratio is 57.24%.
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. Sun Life generates about a third of its profit from asset-management operations.