Sun Life Financial Inc. (TSE:SLF) Receives C$87.00 Consensus PT from Analysts

Sun Life Financial Inc. (TSE:SLF) (NYSE:SLF) has been given an average recommendation of “Moderate Buy” by the ten research firms that are covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$87.00.

A number of research firms recently weighed in on SLF. Scotiabank decreased their price target on Sun Life Financial from C$98.00 to C$94.00 in a research note on Friday, February 14th. National Bankshares decreased their target price on shares of Sun Life Financial from C$95.00 to C$93.00 and set an “outperform” rating on the stock in a research report on Thursday, February 13th. CIBC cut their price target on shares of Sun Life Financial from C$95.00 to C$94.00 and set an “outperform” rating for the company in a report on Tuesday, February 25th. Royal Bank of Canada set a C$82.00 price objective on shares of Sun Life Financial and gave the stock an “outperform” rating in a report on Monday, March 17th. Finally, National Bank Financial raised shares of Sun Life Financial from a “hold” rating to a “strong-buy” rating in a report on Tuesday, January 14th.

Sun Life Financial Stock Performance

TSE:SLF opened at C$81.77 on Friday. The firm has a market cap of C$46.71 billion, a price-to-earnings ratio of 12.33, a price-to-earnings-growth ratio of 1.33 and a beta of 0.94. The company has a debt-to-equity ratio of 26.00, a current ratio of 92.19 and a quick ratio of 84,866.00. Sun Life Financial has a 1-year low of C$64.38 and a 1-year high of C$88.54. The firm’s fifty day moving average price is C$81.35 and its 200 day moving average price is C$81.57.

Sun Life Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 31st will be given a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a yield of 4.11%. The ex-dividend date is Wednesday, February 26th. Sun Life Financial’s payout ratio is 48.87%.

About Sun Life Financial

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.