Sun Life Financial (TSE:SLF) Shares Pass Above 200 Day Moving Average – Time to Sell?

Sun Life Financial Inc. (TSE:SLF) (NYSE:SLF) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$99.67 and traded as high as C$112.37. Sun Life Financial shares last traded at C$111.95, with a volume of 1,283,066 shares traded.

Analyst Ratings Changes

SLF has been the topic of several research analyst reports. Desjardins upped their price objective on shares of Sun Life Financial from C$120.00 to C$122.00 and gave the stock a “buy” rating in a research report on Monday, August 10th. Barclays lifted their target price on shares of Sun Life Financial from C$96.00 to C$98.00 in a research report on Friday, August 7th. Jefferies Financial Group increased their price target on shares of Sun Life Financial from C$131.00 to C$141.00 in a report on Monday, August 10th. National Bank Financial raised their price objective on shares of Sun Life Financial from C$108.00 to C$125.00 and gave the company an “outperform” rating in a research report on Thursday, July 23rd. Finally, BMO Capital Markets raised their price objective on shares of Sun Life Financial from C$99.00 to C$105.00 in a research report on Friday, May 8th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Sun Life Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of C$116.00.

Sun Life Financial Stock Down 1.9%

The company has a market cap of C$59.70 billion, a P/E ratio of 18.27, a P/E/G ratio of 1.33 and a beta of 0.80. The stock has a 50-day moving average of C$112.69 and a two-hundred day moving average of C$99.84. The company has a debt-to-equity ratio of 34.34, a quick ratio of 84,866.00 and a current ratio of 27.38.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last issued its quarterly earnings results on Thursday, August 6th. The financial services provider reported C$2.02 EPS for the quarter. The business had revenue of C$9.05 billion for the quarter. Sun Life Financial had a net margin of 8.81% and a return on equity of 13.89%. On average, research analysts anticipate that Sun Life Financial Inc. will post 6.9230769 EPS for the current fiscal year.

Sun Life Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 29th. Investors of record on Tuesday, September 29th will be issued a dividend of $0.96 per share. The ex-dividend date of this dividend is Wednesday, August 26th. This represents a $3.84 annualized dividend and a dividend yield of 3.6%. Sun Life Financial’s dividend payout ratio (DPR) is currently 62.37%.

Insider Buying and Selling at Sun Life Financial

In other Sun Life Financial news, insider Linda Dougherty sold 3,500 shares of the business’s stock in a transaction on Monday, May 25th. The shares were sold at an average price of C$101.40, for a total value of C$354,900.00. Also, insider Helena Janina Pagano sold 17,283 shares of the company’s stock in a transaction dated Monday, May 25th. The shares were sold at an average price of C$101.32, for a total transaction of C$1,751,113.56. Following the sale, the insider owned 228 shares of the company’s stock, valued at approximately C$23,100.96. The trade was a 98.70% decrease in their ownership of the stock. Insiders sold a total of 216,461 shares of company stock worth $22,287,387 in the last quarter. 0.03% of the stock is currently owned by company insiders.

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. Sun Life generates about a third of its profit from asset-management operations.