Insider Buying: Sagicor Financial (TSE:SFC) Director Acquires C$16,000.00 in Stock

Sagicor Financial Company Ltd. (TSE:SFC) Director Andre Guy Mousseau bought 2,000 shares of the stock in a transaction that occurred on Wednesday, June 3rd. The stock was bought at an average price of C$8.00 per share, with a total value of C$16,000.00. Following the completion of the purchase, the director directly owned 89,000 shares in the company, valued at C$712,000. This represents a 2.30% increase in their ownership of the stock.

Andre Guy Mousseau also recently made the following trade(s):

• On Wednesday, May 27th, Andre Guy Mousseau bought 2,000 shares of Sagicor Financial stock. The shares were bought at an average cost of C$8.30 per share, for a total transaction of C$16,600.00.

Sagicor Financial Trading Up 0.6%

Shares of Sagicor Financial stock opened at C$8.12 on Thursday. The firm’s 50 day simple moving average is C$8.99 and its two-hundred day simple moving average is C$9.18. The firm has a market capitalization of C$1.11 billion, a price-to-earnings ratio of 46.14 and a beta of -0.11. Sagicor Financial Company Ltd. has a 12-month low of C$7.21 and a 12-month high of C$10.53.

Sagicor Financial (TSE:SFC) last posted its quarterly earnings data on Wednesday, May 13th. The company reported C$0.26 EPS for the quarter. The business had revenue of C$791.91 million during the quarter. Sagicor Financial had a net margin of 1.16% and a return on equity of 2.58%. On average, sell-side analysts predict that Sagicor Financial Company Ltd. will post 0.9578783 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, National Bank Financial set a C$13.00 price target on Sagicor Financial and gave the company an “outperform” rating in a research note on Friday, April 24th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of C$11.33.

About Sagicor Financial

Sagicor Financial Company Ltd. (TSX: SFC) is a leading financial services provider with over 185 years of history in the Caribbean, over 90 years of history in Canada, and over 70 years of history in the United States. Sagicor offers a wide range of products and services, including life, health, and general insurance, banking, pensions, annuities, investment management, and real estate. Sagicor’s registered office is located at Clarendon House, 2 Church Street, Hamilton, HM 11, Bermuda, with its principal office located at Cecil F De Caires Building, Wildey, St.