Sun Life Financial Inc. (TSE:SLF) Plans $0.84 Quarterly Dividend

Sun Life Financial Inc. (TSE:SLF) (NYSE:SLF) declared a quarterly dividend on Wednesday, February 12th,RTT News reports. Stockholders of record on Wednesday, February 26th will be given a dividend of 0.84 per share by the financial services provider on Monday, March 31st. This represents a $3.36 annualized dividend and a dividend yield of 3.97%.

Sun Life Financial Stock Up 1.4 %

TSE SLF opened at C$84.63 on Thursday. The business has a fifty day moving average price of C$84.72 and a 200 day moving average price of C$79.44. The company has a debt-to-equity ratio of 53.77, a quick ratio of 84,866.00 and a current ratio of 65.29. The company has a market cap of C$48.79 billion, a P/E ratio of 16.03, a P/E/G ratio of 1.33 and a beta of 0.94. Sun Life Financial has a one year low of C$64.38 and a one year high of C$88.54.

Insider Activity

In other news, Senior Officer Linda Dougherty bought 5,800 shares of the business’s stock in a transaction that occurred on Friday, November 15th. The shares were purchased at an average cost of C$84.83 per share, for a total transaction of C$492,014.00. Also, Director Kevin Strain sold 85,943 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of C$84.71, for a total transaction of C$7,280,231.53. Insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on SLF. Cormark raised their price target on shares of Sun Life Financial from C$82.00 to C$85.00 in a research note on Tuesday, November 5th. Royal Bank of Canada raised their target price on shares of Sun Life Financial from C$78.00 to C$82.00 in a research note on Wednesday, November 6th. National Bankshares upgraded Sun Life Financial from a “sector perform” rating to an “outperform” rating and upped their price target for the company from C$82.00 to C$95.00 in a research report on Wednesday, January 15th. TD Securities increased their price target on Sun Life Financial from C$81.00 to C$87.00 and gave the company a “hold” rating in a report on Thursday, November 14th. Finally, Scotiabank boosted their price objective on Sun Life Financial from C$85.00 to C$96.00 in a research note on Thursday, November 14th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$87.70.

About Sun Life Financial

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.