Sagicor Financial (TSE:SFC) Director Alan Kenneth Ryder Purchases 20,000 Shares

Sagicor Financial Company Ltd. (TSE:SFC) Director Alan Kenneth Ryder purchased 20,000 shares of the business’s stock in a transaction dated Tuesday, May 19th. The shares were acquired at an average price of C$8.55 per share, with a total value of C$171,000.00. Following the completion of the acquisition, the director owned 100,000 shares of the company’s stock, valued at approximately C$855,000. The trade was a 25.00% increase in their ownership of the stock.

Sagicor Financial Stock Performance

Shares of SFC remained flat at C$8.46 on Thursday. The stock had a trading volume of 62,712 shares, compared to its average volume of 66,526. The firm has a market cap of C$1.15 billion, a price-to-earnings ratio of 48.07 and a beta of -0.03. Sagicor Financial Company Ltd. has a 1-year low of C$7.21 and a 1-year high of C$10.53. The stock’s 50 day moving average is C$9.42 and its 200-day moving average is C$9.16.

Sagicor Financial (TSE:SFC) last released its quarterly earnings data on Wednesday, May 13th. The company reported C$0.26 earnings per share (EPS) for the quarter. Sagicor Financial had a return on equity of 2.58% and a net margin of 1.16%.The business had revenue of C$791.91 million for the quarter. As a group, equities research analysts anticipate that Sagicor Financial Company Ltd. will post 0.9578783 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial set a C$13.00 target price on Sagicor Financial and gave the stock an “outperform” rating in a report on Friday, April 24th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, Sagicor Financial has a consensus rating of “Buy” and a consensus price target of C$11.33.

Sagicor Financial Company Profile

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.