Shares of Sagicor Financial Company Ltd. (TSE:SFC – Get Free Report) crossed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of C$8.43 and traded as low as C$8.29. Sagicor Financial shares last traded at C$8.40, with a volume of 53,125 shares.
Analyst Upgrades and Downgrades
Separately, National Bank Financial set a C$13.00 target price on Sagicor Financial and gave the company an “outperform” rating in a report on Monday, October 19th. Two research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, Sagicor Financial currently has a consensus rating of “Buy” and a consensus price target of C$11.50.
Get Our Latest Analysis on Sagicor Financial
Sagicor Financial Trading Up 2.1%
The stock has a market capitalization of C$1.19 billion, a P/E ratio of 10.32 and a beta of 0.44. The stock’s 50 day simple moving average is C$8.43 and its 200 day simple moving average is C$8.87.
Insider Buying and Selling at Sagicor Financial
In other news, Director Gilbert Samuel Palter purchased 5,400 shares of the company’s stock in a transaction that occurred on Tuesday, September 22nd. The shares were acquired at an average cost of C$8.35 per share, with a total value of C$45,090.00. Following the transaction, the director owned 566,900 shares in the company, valued at approximately C$4,733,615. The trade was a 0.96% increase in their position. In the last ninety days, insiders purchased 8,300 shares of company stock valued at $69,455. 34.21% of the stock is currently owned by insiders.
Sagicor Financial Company Profile
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. Michael, Barbados.
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