Sagicor Financial (TSE:SFC) Stock Price Down 3.1% – Should You Sell?

Sagicor Financial Company Ltd. (TSE:SFC)’s stock price dropped 3.1% on Friday . The stock traded as low as C$7.80 and last traded at C$7.85. Approximately 40,008 shares changed hands during trading, an increase of 16% from the average daily volume of 34,413 shares. The stock had previously closed at C$8.10.

Analyst Ratings Changes

Several brokerages have recently issued reports on SFC. National Bankshares set a C$11.00 target price on shares of Sagicor Financial and gave the company an “outperform” rating in a research note on Monday, October 20th. Scotiabank boosted their price target on shares of Sagicor Financial from C$10.00 to C$11.00 and gave the company an “outperform” rating in a report on Friday, August 15th. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of C$10.50.

Sagicor Financial Trading Down 3.1%

The stock has a market cap of C$1.07 billion, a P/E ratio of 10.06 and a beta of -0.07. The stock has a 50 day simple moving average of C$8.24 and a 200 day simple moving average of C$8.14.

Sagicor Financial (TSE:SFC) last released its earnings results on Thursday, November 13th. The company reported C$58.10 earnings per share (EPS) for the quarter. The firm had revenue of C$506.28 million for the quarter. Sagicor Financial had a return on equity of 56.05% and a net margin of 22.28%. Equities analysts anticipate that Sagicor Financial Company Ltd. will post 0.9578783 earnings per share for the current year.

Insiders Place Their Bets

In other Sagicor Financial news, Director Alan Kenneth Ryder purchased 10,000 shares of Sagicor Financial stock in a transaction that occurred on Tuesday, September 2nd. The stock was acquired at an average price of C$7.82 per share, with a total value of C$78,200.00. Following the transaction, the director owned 80,000 shares in the company, valued at C$625,600. This trade represents a 14.29% increase in their position. Company insiders own 34.21% of the company’s stock.

Sagicor Financial Company Profile

Sagicor Financial Company Ltd. is a leading financial services provider with over 180 years of history in the Caribbean, over 90 years of history in Canada, and a growing presence in the United States with over 70 years of history. Sagicor offers a wide range of products and services, including life, health, and general insurance, banking, pensions, annuities, investment management, and real estate.