Sun Life Financial (TSE:SLF) Price Target Raised to C$141.00 at Jefferies Financial Group

Sun Life Financial (TSE:SLF) (NYSE:SLF) had its price target lifted by equities research analysts at Jefferies Financial Group from C$131.00 to C$141.00 in a research note issued on Monday,BayStreet.CA reports. Jefferies Financial Group’s target price suggests a potential upside of 22.50% from the company’s current price.

Several other research analysts have also recently issued reports on SLF. Desjardins set a C$101.00 price objective on Sun Life Financial and gave the stock a “buy” rating in a research report on Friday, April 17th. Scotiabank upped their price target on shares of Sun Life Financial from C$98.00 to C$111.00 and gave the stock a “sector perform” rating in a research note on Wednesday, July 15th. Canadian Imperial Bank of Commerce increased their price target on shares of Sun Life Financial from C$102.00 to C$116.00 in a report on Wednesday, July 15th. Barclays raised their price objective on shares of Sun Life Financial from C$96.00 to C$98.00 in a research note on Friday. Finally, Evercore lowered shares of Sun Life Financial from an “outperform” rating to a “hold” rating and set a C$111.00 target price on the stock. in a research report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Sun Life Financial presently has an average rating of “Moderate Buy” and an average price target of C$116.00.

Sun Life Financial Stock Performance

SLF traded up C$0.85 during trading on Monday, reaching C$115.10. The company’s stock had a trading volume of 373,036 shares, compared to its average volume of 1,919,911. The company has a debt-to-equity ratio of 32.51, a quick ratio of 84,866.00 and a current ratio of 6.03. The company’s fifty day moving average price is C$110.98 and its 200-day moving average price is C$98.37. Sun Life Financial has a 52-week low of C$78.06 and a 52-week high of C$118.99. The company has a market capitalization of C$63.74 billion, a price-to-earnings ratio of 19.51, a price-to-earnings-growth ratio of 1.33 and a beta of 0.80.

Sun Life Financial (TSE:SLF) (NYSE:SLF) last issued its earnings results on Thursday, August 6th. The financial services provider reported C$2.02 earnings per share (EPS) for the quarter. The business had revenue of C$9.05 billion during the quarter. Sun Life Financial had a return on equity of 12.89% and a net margin of 9.12%. On average, equities analysts forecast that Sun Life Financial will post 6.9230769 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Helena Janina Pagano sold 17,283 shares of the stock in a transaction dated Monday, May 25th. The shares were sold at an average price of C$101.32, for a total value of C$1,751,113.56. Following the sale, the insider directly owned 228 shares of the company’s stock, valued at approximately C$23,100.96. This represents a 98.70% decrease in their position. Also, insider Melissa Jane Kennedy sold 7,366 shares of the stock in a transaction dated Monday, May 25th. The shares were sold at an average price of C$101.49, for a total transaction of C$747,575.34. Following the completion of the sale, the insider directly owned 13,916 shares in the company, valued at approximately C$1,412,334.84. The trade was a 34.61% decrease in their ownership of the stock. Over the last quarter, insiders have sold 366,323 shares of company stock valued at $36,848,394. Company insiders own 0.03% of the company’s stock.

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.