Analysts Set Sun Life Financial Inc. (TSE:SLF) PT at C$87.00

Shares of Sun Life Financial Inc. (TSE:SLF) (NYSE:SLF) have earned an average recommendation of “Moderate Buy” from the ten analysts that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is C$86.60.

Several analysts recently issued reports on the company. National Bankshares cut their price objective on Sun Life Financial from C$95.00 to C$93.00 and set an “outperform” rating for the company in a report on Thursday, February 13th. CIBC cut their price target on Sun Life Financial from C$95.00 to C$94.00 and set an “outperform” rating for the company in a research note on Tuesday, February 25th. National Bank Financial raised Sun Life Financial from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, January 14th. Cormark upgraded Sun Life Financial from a “hold” rating to a “moderate buy” rating in a report on Thursday, February 13th. Finally, Barclays lifted their target price on shares of Sun Life Financial from C$85.00 to C$87.00 in a research note on Friday, April 11th.

Sun Life Financial Stock Up 1.6 %

SLF stock opened at C$80.27 on Thursday. The company has a 50 day moving average of C$79.44 and a two-hundred day moving average of C$81.89. The company has a market cap of C$45.85 billion, a price-to-earnings ratio of 12.11, a PEG ratio of 1.33 and a beta of 0.94. Sun Life Financial has a 12-month low of C$64.38 and a 12-month high of C$88.54. The company has a quick ratio of 84,866.00, a current ratio of 92.19 and a debt-to-equity ratio of 26.00.

Sun Life Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 31st were issued a dividend of $0.84 per share. This represents a $3.36 annualized dividend and a dividend yield of 4.19%. The ex-dividend date of this dividend was Wednesday, February 26th. Sun Life Financial’s dividend payout ratio is currently 48.87%.

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.