Sagicor Financial Company Ltd. (TSE:SFC) Director Alan Kenneth Ryder Acquires 1,800 Shares

Sagicor Financial Company Ltd. (TSE:SFC) Director Alan Kenneth Ryder acquired 1,800 shares of the stock in a transaction that occurred on Wednesday, September 11th. The stock was acquired at an average price of C$5.81 per share, for a total transaction of C$10,458.00.

Sagicor Financial Trading Down 1.4 %

SFC traded down C$0.08 during trading on Monday, reaching C$5.73. The stock had a trading volume of 9,904 shares, compared to its average volume of 8,255. The stock has a market capitalization of C$808.33 million, a PE ratio of 1.32 and a beta of 0.21. Sagicor Financial Company Ltd. has a one year low of C$4.66 and a one year high of C$7.41. The firm’s 50-day moving average is C$6.07.

Sagicor Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, August 27th will be paid a $0.083 dividend. The ex-dividend date of this dividend is Tuesday, August 27th. This represents a $0.33 dividend on an annualized basis and a yield of 5.79%. Sagicor Financial’s dividend payout ratio is presently 7.36%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on SFC. Scotiabank lowered their price objective on Sagicor Financial from C$10.00 to C$9.00 and set an “outperform” rating on the stock in a research report on Friday, August 16th. Royal Bank of Canada lowered their price objective on Sagicor Financial from C$9.00 to C$8.50 and set an “outperform” rating on the stock in a research report on Tuesday, August 20th.

Sagicor Financial Company Profile

Sagicor Financial Company Ltd., together with its subsidiaries, provides insurance products and related financial services in Jamaica, Barbados, Trinidad, Tobago, other Caribbean region, and the United States. It operates through three segments: Sagicor Jamaica, Sagicor Life, and Sagicor Life USA. The company offers life and health insurance products; employee benefits, including group health and group life benefits; and annuities, asset management, and property and casualty insurance.