Sagicor Financial (TSE:SFC) Stock Price Crosses Below 50-Day Moving Average – Should You Sell?

Sagicor Financial Company Ltd. (TSE:SFC – Get Free Report) shares passed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of C$8.43 and traded as low as C$8.29. Sagicor Financial shares last traded at C$8.40, with a volume of 53,125 shares traded.

Analyst Ratings Changes

Separately, National Bank Financial set a C$13.00 target price on shares of Sagicor Financial and gave the company an “outperform” rating in a research note on Monday, October 19th. Two research analysts have rated the stock with a Buy rating. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$11.50.

Get Our Latest Analysis on SFC

Sagicor Financial Stock Down 1.4%

The business’s 50-day simple moving average is C$8.43 and its two-hundred day simple moving average is C$8.88. The firm has a market cap of C$1.14 billion, a price-to-earnings ratio of 9.91 and a beta of 0.44.

Insider Buying and Selling at Sagicor Financial

In related news, Director Gilbert Samuel Palter bought 5,400 shares of the stock in a transaction dated Tuesday, September 22nd. The shares were acquired at an average cost of C$8.35 per share, for a total transaction of C$45,090.00. Following the acquisition, the director directly owned 566,900 shares in the company, valued at approximately C$4,733,615. This trade represents a 0.96% increase in their position. Insiders have bought 8,300 shares of company stock valued at $69,455 over the last quarter. Company insiders own 34.21% of the company’s stock.

About Sagicor Financial

(Get Free Report)

Sagicor Financial Company Ltd. (TSX: SFC) is a leading financial services provider with over 185 years of history in the Caribbean, over 90 years of history in Canada, and over 70 years of history in the United States. Sagicor offers a wide range of products and services, including life, health, and general insurance, banking, pensions, annuities, investment management, and real estate. Sagicor’s registered office is located at Clarendon House, 2 Church Street, Hamilton, HM 11, Bermuda, with its principal office located at Cecil F De Caires Building, Wildey, St. Michael, Barbados.

Recommended Stories

Receive News & Ratings for Sagicor Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sagicor Financial and related companies with MarketBeat.com's FREE daily email newsletter.