Sun Life Financial Inc (TSE:SLF) (NYSE:SLF) had its target price increased by Royal Bank Of Canada from C$53.00 to C$56.00 in a research report report published on Friday. The firm currently has an outperform rating on the financial services provider’s stock.
SLF has been the subject of several other research reports. CSFB increased their target price on Sun Life Financial from C$52.00 to C$54.00 in a research note on Wednesday, November 1st. Scotiabank increased their target price on Sun Life Financial from C$52.00 to C$53.00 and gave the company a sector perform rating in a research note on Friday, August 11th. National Bank Financial increased their target price on Sun Life Financial from C$52.00 to C$53.00 and gave the company an outperform rating in a research note on Thursday, August 10th. Finally, TD Securities increased their target price on Sun Life Financial from C$53.00 to C$54.00 and gave the company a hold rating in a research note on Thursday, November 9th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company has an average rating of Buy and a consensus target price of C$54.17.
Shares of Sun Life Financial (TSE SLF) opened at C$49.58 on Friday. Sun Life Financial has a 52 week low of C$43.51 and a 52 week high of C$53.75.
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The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Wednesday, November 29th will be given a $0.02 dividend. The ex-dividend date is Tuesday, November 28th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 0.16%. Sun Life Financial’s dividend payout ratio is currently 38.80%.
In other news, insider Kevin Strain sold 34,298 shares of the stock in a transaction that occurred on Thursday, August 17th. The stock was sold at an average price of C$49.15, for a total value of C$1,685,746.70.
Sun Life Financial Company Profile
Sun Life Financial Inc is the holding company of Sun Life Assurance Company of Canada. The Company is a financial services company providing a range of insurance, wealth and asset management solutions to individuals and corporate Clients. It operates through five segments. The Sun Life Financial Canada segment provides retail insurance and investment advice, products and services to people across Canada.
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